The Law Firm of Levi & Korsinsky Notifies Investors With Losses on Their Investment in Carbo Ceramics, Inc. of Class Action L...
March 23 2012 - 4:25PM
Marketwired
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Southern
District of New York on behalf of investors who purchased Carbo
Ceramics, Inc. ("Carbo" or the "Company") (NYSE: CRR) stock between
October 27, 2011 and January 26, 2012 (the "Class Period").
For more information, click here:
http://www.zlk.com/carbo-ceramics-crr.
Carbo Ceramics manufactures and supplies ceramic proppants
primarily used in the hydraulic fracturing of natural gas and oil
wells. The complaint alleges that, throughout the Class Period,
defendants issued materially false and misleading statement
regarding 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, based on the foregoing, defendants lacked a
reasonable basis for their positive statements about the Company,
its operations and earnings during the Class Period.
On January 26, 2012, Carbo Ceramics announced its financial
results for the fourth quarter and fiscal year 2011 and revealed
that the Company had seen a 70% decline in proppant sales in the
Haynesville region. In response, the price of Carbo Ceramics common
stock fell from $130.72 per share to $103.76.
If you suffered a loss in Carbo Ceramics you have until April 9,
2012 to request that the Court appoint you as lead plaintiff. Your
ability to share in any recovery doesn't require that you serve as
a lead plaintiff. To obtain additional information, contact Joseph
E. Levi, Esq. either via email at jlevi@zlk.com or by telephone at
(877) 363-5972, or visit http://www.zlk.com.
Levi & Korsinsky has expertise in prosecuting investor
securities litigation and extensive experience in actions involving
financial fraud and represents investors throughout the nation,
concentrating its practice in securities and shareholder
litigation. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph Levi, Esq. Eduard
Korsinsky, Esq. 30 Broad Street - 15th Floor New York, NY 10004
Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171
www.zlk.com
CARBO Ceramics (NYSE:CRR)
Historical Stock Chart
From Jun 2024 to Jul 2024
CARBO Ceramics (NYSE:CRR)
Historical Stock Chart
From Jul 2023 to Jul 2024