$27,500,000 Recovery from Carbonite, Inc. (CARB). L&K, LLP Reminds Shareholders to File a Claim Before Deadline

Rhea-AI Summary

Levi & Korsinsky announces a $27,500,000 settlement in the class action lawsuit against Carbonite (NASDAQ:CARB). The settlement is for those who purchased Carbonite common stock between October 18, 2018, and July 25, 2019, and were financially harmed. Affected shareholders must file a claim by June 21, 2024, to receive part of the settlement fund. For more details and claim forms, visit the provided link. Levi & Korsinsky, with a strong history in securities litigation, is reminding shareholders of this deadline as a courtesy.

Positive

• $27,500,000 settlement fund established.
• Eligible shareholders can receive compensation.
• Levi & Korsinsky's strong track record in securities litigation.

Negative

• The lawsuit indicates past financial harm to shareholders.
• Potential dilution of shareholder value due to the settlement.

NEW YORK, NY / ACCESSWIRE / June 6, 2024 / Levi & Korsinsky informs shareholders that a settlement has been reached in the pending class action lawsuit against Carbonite, Inc. (NASDAQ:CARB). The settlement provides for a fund of $27,500,000 to benefit class members. For the purposes of the settlement, the class is defined as: all persons and entities who purchased or otherwise acquired Carbonite common stock between October 18, 2018 and July 25, 2019, inclusive, and were damaged thereby.

If you are a class member as defined above, you may be entitled to a pro-rata share of the settlement fund. In order to receive a share of the settlement, you must file a claim form by June 21, 2024.

For more details on the settlement, including a copy of the claim form, please visit: https://zlk.com/settlement-form/?redirect=aHR0cHM6Ly96bGsuY29tL3NldHRsZW1lbnQvY2FyYm9uaXRlLWluYy1zZXR0bGVtZW50&spr=525&wire=1&ticker=CARB

Levi & Korsinsky did not act as lead counsel or otherwise participate in litigating the above class action. We are providing this information as a courtesy to remind class members of the claims deadline so they can file their forms in a timely fashion.

Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 17th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Fax: (212) 363-7171
https://zlk.com/

SOURCE: Levi & Korsinsky, LLP

View the original press release on accesswire.com

FAQ

What is the settlement amount in the Carbonite class action lawsuit?

The settlement amount in the Carbonite (NASDAQ:CARB) class action lawsuit is $27,500,000.

Who is eligible for the Carbonite settlement fund?

Anyone who purchased Carbonite common stock between October 18, 2018, and July 25, 2019, and was financially harmed is eligible.

What is the deadline to file a claim for the Carbonite settlement?

The deadline to file a claim for the Carbonite settlement is June 21, 2024.

Where can I find the claim form for the Carbonite settlement?

The claim form for the Carbonite settlement is available at the provided link in the press release.

Why is Levi & Korsinsky announcing the Carbonite settlement?

Levi & Korsinsky is reminding shareholders of the filing deadline as a courtesy.