Contact a Lawyer Now
Kahn Swick & Foti, LLC (“KSF”) and KSF partner, former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until September 30, 2019 to file lead plaintiff applications in a securities class action lawsuit against Carbonite, Inc. (NasdaqGM: CARB).
Carbonite and certain of its executives are charged with failing to disclose material information during the Class Period, violating federal securities laws.
On July 25, 2019, the Company disclosed that it was pulling its premier “Server Backup VM Edition” software product from the marketplace, significantly reducing its financial projections for fiscal 2019 and 2020, and that its CEO had resigned.
On this news, the price of Carbonite’s shares plummeted nearly 25%, wiping out over $200 million in market capitalization.
If you purchased shares of Carbonite and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email (firstname.lastname@example.org), or fill out the form on this page.
The case is Luna v. Carbonite, Inc. et al., 1:19-cv-11662. Click here to read the case complaint.