ATLANTA, GA--(Marketwire -03/27/12)- 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 - News) 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 firstname.lastname@example.org, or email@example.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.
- United States District Court
- class action lawsuit