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The Shareholders Foundation announces that an investor in shares of NYSE:CRR filed a lawsuit in the U.S. Court for the Southern District of New York against CARBO Ceramics Inc over alleged Violations of Federal Securities Laws in connection with certain financial statements.

Investors who purchased shares of CARBO Ceramics Inc. (NYSE:CRR), have certain options and for certain NYSE:CRR stockholders there are short and strict deadlines running. Deadline: April 9, 2012. NYSE:CRR stockholders should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 – 1554.

According to the complaint the plaintiff alleges on behalf of purchasers of Carbo Ceramics, Inc. (NYSE:CRR) common stock during the period between October 27, 2011 and January 26, 2012, that Carbo Ceramics, Inc and certain of its officers and directors violated the under the Securities Exchange Act of 1934.

Specifically, the plaintiff alleges that between October 27, 2011 and January 26, 2012, defendants issued materially false and misleading statement regarding Carbo Ceramics’ business and prospects.

On October 27, 2011, CARBO Ceramics Inc. announced its Third Quarter 2011 Earnings. Among other things,  CARBO Ceramics Inc. (NYSE: CRR) reported that its revenues for the third quarter of 2011 increased 41 percent, or $48.6 million, when compared to the third quarter of 2010 and its Net income for the third quarter of 2011 increased 83 percent, or $16.7 million, compared to the third quarter of 2010.

Then on January 26, 2012, CARBO Ceramics Inc. announced its Fourth Quarter and Fiscal Year 2011 Earnings. Among other things, CARBO Ceramics Inc said that: ”The severe decline in natural gas prices during the quarter led E&Ps to reduce capital spending in natural gas basins and increase capital spending in liquids-rich basins. The largest impact associated with this shift in capital spending was a reduction of approximately 70 percent in [its] Haynesville proppant sales volumes from the third quarter of 2011, which was partially offset by growth in the liquids-rich plays and international markets.”

Those who purchased shares of CARBO Ceramics Inc. (NYSE:CRR), you have certain options and for certain NYSE:CRR stockholders there are short and strict deadlines running. Deadline: April 9, 2012. NYSE:CRR stockholders should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Trevor Allen
3111 Camino Del Rio North – Suite 423
92108 San Diego
Phone:  +1-(858)-779-1554
Fax:  +1-(858)-605-5739
mail(at)shareholdersfoundation.com