Wednesday, September 2, 2009

Experian Claims Win In Lawsuit Against LifeLock

Costa Mesa-based Experian, one of the three major credit bureaus, is claiming today that it has scored a win in its legal battle against credit theft protection firm LifeLock. Experian, which sued LifeLock in February of 2008, said that a a federal court in California has denied a request to reconsider a ruling which found that LifeLock's practice of setting 90-day fraud alerts on Experian and other credit bureaus was unlawful. Experian is now seeking a permanent injunction against LifeLock. Arizona-based LifeLock, which is backed by venture capital firms Goldman Sachs, Kleiner Perkins Caufield & Byers and Bessemer Venture Partners, offers protection against identity theft, and was using automatic renewal of 90-day fraud alerts on Experian and other credit bureaus as its primary means of preventing identity theft. Experian is the parent firm of LowerMyBills.com and PriceGrabber.com.