Faruqi & Faruqi, LLP Encourages Investors Who Suffered Substantial Losses From Options Investments In Carbo Ceramics Inc. To
Faruqi & Faruqi, LLP Encourages Investors Who Suffered Substantial Losses From
Options Investments In Carbo Ceramics Inc. To Contact The Firm
PR Newswire
NEW YORK, June 1, 2012
NEW YORK, June 1, 2012 /PRNewswire/ -- Faruqi & Faruqi, LLP, a leading
national securities law firm, seeks options investors who incurred substantial
losses from investing in Carbo Ceramics Inc. options contracts ("Carbo
Ceramics" or the "Company") (NYSE: CRR).
(Logo: http://photos.prnewswire.com/prnh/20120119/MM38856LOGO)
Faruqi & Faruqi's class action complaint against Carbo Ceramics alleges that
the Company and its executives violated federal securities laws by failing to
disclose that: (1) the Company was experiencing significant declines in
proppant sales for the Haynesville region; and (2) that Carbo Ceramics was
suffering serious logistical problems such that the Company was unable to
shift resources to new and burgeoning drilling sites.
On January 26, 2012, Carbo Ceramics issued a press release announcing its
financial results for the fourth quarter and fiscal year 2011. On the same
day, the Company held a conference call with securities analysts for investors
wherein it was revealed that the Company had seen a 70% decline in proppant
sales in the Haynesville region of Louisiana and that Carbo Ceramics had been
unable to shift resources to various new opportunities due to logistical
issues. In response to the disappointing announcements, the price of the
Company's common stock declined from $130.72 per share to $103.76 on heavy
trading volume.
Request more information now by clicking here: www.faruqilaw.com/CRR
Take Action
If you purchased Carbo Ceramics options contracts between October 27, 2011 and
January 26, 2012 and would like to discuss your legal rights, visit
www.faruqilaw.com/CRR. You can also contact us by calling Juan Monteverde,
Richard Gonnello or Francis McConville toll free at 877-247-4292 or at
212-983-9330 or by sending an e-mail to jmonteverde@faruqilaw.com,
rgonnello@faruqilaw.com or fmcconville@faruqilaw.com. Faruqi & Faruqi, LLP
also encourages anyone with information regarding Carbo Ceramics' conduct to
contact the firm, including whistleblowers, former employees, shareholders and
others.
Attorney Advertising. The law firm responsible for this advertisement is
Faruqi & Faruqi, LLP (www.faruqilaw.com). Prior results do not guarantee or
predict a similar outcome with respect to any future matter. We welcome the
opportunity to discuss your particular case. All communications will be
treated in a confidential matter.
FARUQI & FARUQI, LLP
369 Lexington Avenue, 10th Floor
New York, NY 10017
Attn: Juan E. Monteverde, Esq.
jmonteverde@faruqilaw.com
Richard Gonnello, Esq.
rgonnello@faruqilaw.com
Francis McConville, Esq.
fmcconville@faruqilaw.com
Telephone: (877) 247-4292 or (212) 983-9330
SOURCE Faruqi & Faruqi, LLP
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