An investigation on behalf of investors in Carbonite Inc (NASDAQ:CARB) shares over potential wrongdoing at Carbonite Inc was announced.
San Diego, CA -- (SBWIRE) -- 09/01/2015 -- An investigation for investors in NASDAQ:CARB shares was announced over potential breaches of fiduciary duties by certain Carbonite officers and directors.
Investors who purchased shares of Carbonite Inc (NASDAQ:CARB) have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation or call 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 May to as low as $10.41 per share.
On August 28, 2015, NASDAQ:CARB shares closed at $11.28 per share.
Those who purchased shares of Carbonite Inc (NASDAQ:CARB), have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego