Carbonite Inks $27.5M Deal To End Stock-Drop Investor Suit

By Henrik Nilsson (January 31, 2024, 8:53 PM EST) -- Data backup provider Carbonite Inc. has agreed to pay $27.5 million to a certified class of investors alleging the company overhyped a product that was later pulled from the market, according to a motion to approve the deal filed in Massachusetts federal court on Wednesday....

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