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Deadline on Sept. 30th coming up in Lawsuit that was filed for Investors in Carbonite Inc (NASDAQ: CARB)

09-25-2019 06:22 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A Deadline is coming up on September 30, 2019 in the lawsuit for certain investors in Carbonite Inc (NASDAQ: CARB).

A Deadline is coming up on September 30, 2019 in the lawsuit for certain investors in Carbonite Inc (NASDAQ: CARB).

The Shareholders Foundation announced that a deadline is coming up on September 30, 2019 in the lawsuit filed for certain investors of Carbonite Inc (NASDAQ: CARB) over alleged securities laws violations by Carbonite Inc.

Investors who purchased shares of Carbonite Inc (NASDAQ: CARB) have certain options and there are strict and short deadlines running. Deadline: September 30, 2019. NASDAQ: CARB stockholders should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

According to the complaint filed in the U.S. District Court for the District of Massachusetts the plaintiff alleges on behalf of purchasers of Carbonite Inc (NASDAQ: CARB) common shares between February 7, 2019 and July 25, 2019, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between February 7, 2019 and July 25, 2019, the defendants failed to disclose that Carbonite’s Server Backup VM Edition was of poor quality and technologically flawed, that Carbonite was receiving poor reviews and complaints from customers about the Server Backup VM Edition, and that the poor quality and technological flaws of the Server Backup VM Edition were acting as a “disruptive” factor throughout the Carbonite salesforce and keeping that sales organization from closing opportunistically on several larger deals during fiscal 2019.

Those who purchased shares of Carbonite Inc (NASDAQ: CARB) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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