An investigation on behalf of current long-term investors in shares of Carbonite Inc (NASDAQ:CARB) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Carbonite.
Investors who purchased shares of Carbonite Inc (NASDAQ:CARB) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 – 1554.
The investigation by a law firm concerns whether certain Carbonite officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Carbonite Inc reported that its annual Total Revenue increased from $60.51 million in 2011 to $122.62 million in 2014 and that its respective Net Loss declined from $23.54 million to $9.35 million. Shares of Carbonite Inc (NASDAQ:CARB) traded as high as $15.07 per share in February 2015. However, NASDAQ: CARB shares declined in late October 2015 to as low as $9.99 per share.
On November 3, 2015, NASDAQ:CARB shares closed at $10.47
per share.
Those who purchased shares of Carbonite Inc have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com