Dyer & Berens LLP Files Class Action Lawsuit on Behalf of Investors Who Purchased Carbo Ceramics, Inc. Common Stock Between 1...
February 09 2012 - 7:10PM
Marketwired
Dyer & Berens LLP (www.DyerBerens.com) today announced that it
has filed a class action lawsuit in the United States District
Court for the Southern District of New York on behalf of purchasers
of Carbo Ceramics, Inc. ("Carbo Ceramics") (NYSE: CRR) common stock
during the period between October 27, 2011 and January 26, 2012,
inclusive (the "Class Period")
What actions may I take at this time? If
you purchased shares during the Class Period and wish to serve as a
lead plaintiff, you must request an appointment by the court no
later than April 9, 2012. If you would like
to discuss this action, the lead plaintiff process, or have any
questions concerning this notice, please contact plaintiff's
counsel, Jeffrey A. Berens, Esq. at (888) 300-3362 x302 or via
email at jeff@dyerberens.com. Any member of the putative class may
request a lead plaintiff appointment through counsel of its choice
or may choose to do nothing and remain an absent class member.
What are the allegations in the complaint?
The complaint alleges that, throughout the Class Period, defendants
issued materially false and misleading statements regarding the
company's business and prospects. Specifically, defendants
misrepresented and/or failed to disclose the following adverse
facts: (a) that the company was experiencing a dramatic decline in
proppant sales in the Haynesville region; (b) that the company was
being negatively impacted by logistical problems such that it was
not able to shift resources to liquid plays where drilling activity
was increasing; and (c) that defendants lacked a reasonable basis
for their positive statements about the company, its operations and
earnings during the Class Period. Based upon the foregoing, the
complaint charges the company and certain of its officers with
violations of the Securities Exchange Act of 1934.
About Dyer & Berens LLP. The plaintiff
is represented by Dyer & Berens LLP. The firm's extensive
experience in securities litigation, particularly in cases brought
under the Private Securities Litigation Reform Act, has contributed
to the recovery of hundreds of millions of dollars for aggrieved
investors.
Contact: Jeffrey A. Berens Dyer & Berens LLP 303 East 17th
Avenue, Suite 300 Denver, CO 80203 Tel: (888) 300-3362 x302 Email:
Email Contact Website: www.DyerBerens.com
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