Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Overview

Basic information

Litigation

Active legal matters

Material Events

8-K disclosures

SEC Filings

Key regulatory docs

Insider Transactions

Ownership changes

Securities Class Action

Securities fraud litigation history and active cases

In Litigation

0

Settlement

1

Closed

0

Total Settlement

$27.5M

Carbonite Inc (CARB) Class Action Lawsuit (August 2019)

Settlement

1:19cv11662 • August 1, 2019

Class Period Start

October 18, 2018

Class Period End

July 25, 2019

PSLRA Deadline

September 30, 2019

Case Allegations

10b5

Statutes of Repose

Oct 18, 2021

Country

United States

Court

Federal Court

Settlement Information

Please note that for cases in the settlement stage, claims are handled by the claims administrator and NOT Levi & Korsinsky. Any information or documentation previously provided to us does not constitute submission of a claim. If you need to file a claim, check the status of a claim, or have questions regarding distribution of settlement funds, please contact the claims administrator below.

Claim Deadline

June 21, 2024

Settlement Fund

$27,500,000

Settlement Status

Preliminarily Approved

Settlement Class

All persons and entities who purchased or otherwise acquired Carbonite Inc. common stock during the period from October 18, 2018 through July 25, 2019 and were damaged thereby.

Claim Administrator

Gilardi & Co. LLC
Carbonite Securities Litigation Claims Administrator c/o Gilardi & Co. LLC P.O. Box 301171 Los Angeles, CA 90030-1171
+1 141-8__-____
[email protected]

Hearing Date

May 15, 2024

Opt-out Deadline

April 24, 2024

Settlement Note

Download here

Proof Of Claim

Download here

Docket History

Apr 10, 2024

Motion for Final Approval of Settlement

The parties have asked the court to grant final approval of the proposed settlement. The judge will consider whether the settlement should be approved after reviewing the settlement terms and any objections. If approved, eligible investors who submit valid claims may receive a payment after the claims review and distribution process is completed.

Feb 1, 2024

Preliminary Approval of Settlement

The court has granted preliminary approval of a proposed settlement. This means the settlement can move forward for further consideration, but it has not yet received final approval. Potential class members will generally receive notice explaining the settlement, their rights, and any deadlines for submitting a claim, objecting to the settlement, or choosing not to participate.

Feb 1, 2024

Proof of Claim Form

To receive your portion of the recovery (if you are eligible), you must submit this form to the claims administrator by the deadline indicated on the form itself. If you do not submit this form in time, you will not be entitled to compensation. If you have questions about how to complete the form, you should contact the claims administrator.

Jan 31, 2024

Proposed Settlement

Jul 14, 2023

Class Certification Granted

The court has determined that a class action is the appropriate method to bring the claims by class members. Usually, when a class is certified, the judge will also affirm an individual or entity to represent the class and finalize a class definition (i.e.: who is represented in the lawsuit).

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