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).
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 email@example.com, firstname.lastname@example.org or email@example.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, LLP369 Lexington Avenue, 10th Floor New York, NY 10017Attn: Juan E. Monteverde, Esq. firstname.lastname@example.org Richard Gonnello, Esq. email@example.com Francis McConville, Esq. firstname.lastname@example.orgTelephone: (877) 247-4292 or (212) 983-9330 SOURCE Faruqi & Faruqi, LLP
Select the service that is right for you!COMPARE ALL SERVICES
Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV