CARBO Ceramics Securities Fraud Class Action Lawsuit Deadline on April 9, 2012 Approaching for Investors With Losses in Exces...
February 14 2012 - 8:30AM
Marketwired
National securities law firm Gilman Law LLP announces that a CARBO
Ceramics Securities Fraud Lawsuit commenced in the US District
Court, Southern District of New York on behalf of purchasers of
CARBO Ceramics' common stock (NYSE: CRR). The lawsuit alleges that
CARBO Ceramics and certain of its officers and directors issued
materially false and misleading statements to investors, thereby
violating the Securities Exchange Act of 1934.
Those who purchased or otherwise acquired shares of CARBO
Ceramics common stock between October 27, 2011 and January 26, 2012
(the "class period"), and incurred losses in excess of $50,000
should contact the securities law firm Gilman Law LLP before the April 9, 2012 Deadline. Investors may
contact Ken Gilman, the managing partner of Gilman Law LLP, at
(239) 221-8301 or by email at tshea@gilmanpastor.com for a
Free Evaluation of your case. Investors may
also read more about the CARBO Ceramics Securities Fraud Lawsuit on
the Gilman Law Securities Fraud website.
CARBO Ceramics Securities Fraud Lawsuit
Details
CARBO Ceramics manufactures and supplies ceramic proppants
primarily used in the hydraulic fracturing of natural gas and oil
wells in the Unites States and internationally. The CARBO Ceramics
securities fraud lawsuit alleges that CARBO Ceramics failed to
disclose that the Company was experiencing a dramatic decline in
proppant sales in the Haynesville region. The suit further alleges
that due to logistical problems and inability to shift resources to
liquid plays where drilling activity was increasing, the Company
was being negatively impacted. As a result, CARBO lacked a
reasonable basis for their positive statement about the Company,
its operations and earnings during the Class Period. Once CARBO
began to disclose the truth on January 26, 2012, the price of CARBO
Ceramics common stock dropped from $130.72 per share to $103.76 on
heavy trading volume.
About Gilman Law
The securities lawyers of Gilman Law have more than 32 years of
experience in securities law and have been involved in all major
aspects of securities litigation. Gilman Law specializes in cases
involving stock manipulation, securities fraud, investments fraud,
shareholder rights violations, and securities arbitration.
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Gilman Law LLP Bonita Springs, Florida Kenneth G. Gilman (239)
221-8301 tshea@gilmanpastor.com
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