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1st Circ. Resurrects Stock-Drop Suit Over Carbonite Product

By Hailey Konnath (December 22, 2021, 9:41 PM EST) -- The First Circuit on Wednesday revived a securities suit against Carbonite Inc. over a data backup product that never worked, ruling that the complaint sufficiently alleges that the company's executives either inquired about the product or were reckless in failing to do so....

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