Holzer Holzer & Fistel, LLC Filed a Class Action Lawsuit Against Carbo Ceramics Inc.; Reminds Investors of Approaching Lead P...
March 27 2012 - 11:23AM
Marketwired
Holzer Holzer & Fistel, LLC announces 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" or the "Company") (NYSE: CRR) common stock who
purchased shares between October 27, 2011 and January 26, 2012,
inclusive (the "Class Period"). The lawsuit alleges, among other
things, that the Company knew but failed to timely disclose that it
was experiencing a decline in proppant sales in the Haynesville
region. Further, the lawsuit alleges the Company concealed
information relating to logistical problems it was experiencing
which, according to the complaint, negatively impacted Carbo
Ceramics' ability to effectively shift its resources.
If you purchased Carbo Ceramics common stock during the Class
Period, you have the legal right to petition the Court to be
appointed a "lead plaintiff." A lead plaintiff is a representative
party that acts on behalf of other class members in directing the
litigation. Any such request must satisfy certain criteria and be
made no later than April 9, 2012. Any member of the purported class
may move the Court to serve as lead plaintiff through counsel of
their choice, or may choose to do nothing and remain an absent
class member. If you are a Carbo Ceramics investor and would like
to discuss a potential lead plaintiff appointment, or your rights
and interests with respect to the lawsuit, you may contact Michael
I. Fistel, Jr., Esq., or Marshall P. Dees, Esq. via email at
mfistel@holzerlaw.com, or mdees@holzerlaw.com, or via toll-free
telephone at (888) 508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm
that dedicates its practice to vigorous representation of
shareholders and investors in litigation nationwide, including
shareholder class action and derivative litigation. More
information about the firm is available through its website,
www.holzerlaw.com and upon request from the firm.
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