Nearly One Million Customers To Receive Refunds
PRIVACY LAW—U.S.November 19, 2010
The Federal Trade Commission (FTC) has announced that it has begun mailing refund checks to 957,928 people who were victims of allegedly false claims made by an ID theft protection company. LifeLock had claimed it could provide absolute protection from identity theft, an FTC press release notes, but in a settlement reached in March, the company agreed to pay $11 million to the FTC and $1 million to a group of 35 state attorneys general to settle charges it "used false claims" to promote its services. Consumers will receive checks for $10.87. The distribution represents all eligible consumers, according to the release, and no further claims for refunds will be accepted.