NEW ORLEANS, LA--(Marketwire -04/06/12)- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until April 9, 2012, to file lead plaintiff applications in a securities class action lawsuit against Ceramics, Inc. ("Carbo Ceramics") (NYSE: CRR - News), if they purchased the Company's common stock during the period between October 27, 2011 and January 26, 2012, inclusive (the "Class Period"). The action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased shares of Carbo Ceramics and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, e-mail or call KSF Managing Partner, Lewis Kahn (email@example.com), toll free, 877-515-1850, or via cell phone any time at 504-301-7900, or KSF Director of Client Relations, Neil Rothstein, Esq. (firstname.lastname@example.org), toll free at 877-694-9510, or via cell phone any time at 330-860-4092. If you wish to serve as a lead plaintiff in this class action, you must request to make an application to the Court by April 9, 2012.
About the Lawsuit
Carbo Ceramics and certain of its senior executives are charged with issuing a series of materially false and misleading statements, during the Class Period, in violation of federal securities laws.
On January 26, 2012, Carbo Ceramics issued a release announcing financial results well-below guidance previously sponsored and/or endorsed by the Company, and revealed that it had experienced a 70% decline in certain product sales in the Haynesville region, and had other logistical problems. Following these reports, shares of Carbo Ceramics declined almost $17.00 per share, on heavy trading volume.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.
- United States District Court
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner, 877-515-1850
or after hours via cell phone 504-301-7900
206 Covington St.
Madisonville, LA 70447