Key Developments: CARBO Ceramics Inc (CRR)
69.86USD
24 May 2013
$-0.19 (-0.27%)
$70.05
$69.59
$70.06
$68.55
139,675
405,113
$97.86
$60.33
Latest Key Developments (Source: Significant Developments)
Carbo Ceramics Inc Announces Quarterly Dividend
Carbo Ceramics Inc announced that its Board of Directors has approved the payment of a dividend on May 15, 2013, of $0.27 per share to shareholders of record on May 1, 2013. Full Article
Carbo Ceramics Inc Announces Quarterly Dividend
Carbo Ceramics Inc announced that its Board of Directors has approved the payment of a dividend on February 15, 2013, of $0.27 per share to shareholders of record on February 1, 2013. Full Article
Carbo Ceramics Inc Announces Quarterly Dividend
Carbo Ceramics Inc announced that its Board of Directors has approved the payment of a dividend on November 15, 2012, of $0.27 per share to shareholders of record on November 1, 2012. Full Article
Carbo Ceramics Inc Announces 2012 Dividend Increase
Carbo Ceramics Inc announced that its Board of Directors has approved an increase in the Company's quarterly dividend to $0.27 per common share, or $1.08 per common share on an annualized basis. This represents an increase of 13% over the Company's previous quarterly dividend. The dividend is payable on August 15, 2012, to shareholders of record as of August 1, 2012. Full Article
Faruqi & Faruqi, LLP Files Class Action Lawsuit Against Carbo Ceramics Inc
Faruqi & Faruqi, LLP announced that it has filed a class action lawsuit in the United States District Court for the Southern District of New York, case no. 12 CV 2807, on behalf of all persons who purchased or sold Carbo Ceramics Inc options contracts between October 27, 2011 and January 26, 2012 inclusive and suffered damages as a result. CARBO Ceramics, CARBO Ceramics' Chief Executive Officer Gary Kolstad and CARBO Ceramics' Chief Financial Officer Ernesto Bautista are charged with violations of Section 10(b) and/or 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder. Specifically, the complaint alleges that defendants knew or recklessly failed to inform investors that (1) the Company was being negatively impacted by logistical issues such that it was unable to shift resources to liquid plays; (2) the Company was experiencing significant declines in proppant sales in the Haynesville region; and (3) as a result of the foregoing, Defendants' statements regarding the Company's operations and earnings were false and misleading and lacked a reasonable basis when made. On January 26, 2012, CARBO Ceramics shocked the market by announcing lower than expected earnings caused by logistical issues and declining proppant sales. Full Article
Holzer Holzer & Fistel, LLC Files Class Action Lawsuit Against Carbo Ceramics Inc
Holzer Holzer & Fistel, LLC announced 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. 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. Full Article
Law Firm of Levi & Korsinsky Announces Investigation Of Carbo Ceramics Inc
Law Firm of Levi & Korsinsky announced that it has commenced in the United States District Court for the Southern District of New York on behalf of investors who purchased Carbo Ceramics, Inc. (“Carbo” or the Company) stock between October 27, 2011 and January 26, 2012 (the Class Period). The complaint alleges that, throughout the Class Period, defendants issued materially false and misleading statement regarding the Company’s business and prospects. Specifically, it is alleged that defendants misrepresented and/or failed to disclose the following adverse facts: that the Company was experiencing a decline in proppant sales in the Haynesville region; that the Company was being negatively impacted by logistical problems such that it was not able to shift resources to liquid plays where drilling activity was increasing; and that, based on the foregoing, defendants lacked a reasonable basis for their positive statements about the Company, its operations and earnings during the Class Period. Full Article
Carbo Ceramics, Inc. Announces Quarterly Dividend
Carbo Ceramics, Inc. announced that its Board of Directors has approved the payment of a dividend on May 15, 2012, of $0.24 per share to shareholders of record on May 1, 2012. Full Article
Shareholder Rights Law Firm Johnson & Weaver, LLP Investigates Carbo Ceramics Inc For Securities Fraud
Shareholder Rights Law Firm Johnson & Weaver, LLP announced that it is investigating whether certain officers and directors of Carbo Ceramics, Inc., breached their fiduciary duties and committed violations of United States securities laws. Johnson & Weaver, LLP’s investigation focuses on whether certain officers and directors of Carbo Ceramics issued improper financial statements that failed to disclose the company was experiencing a dramatic decline in proppant sales in the Haynesville region and was experiencing significant logistical problems. Carbo Ceramic’s stock price dropped from $130.72 per share to $103.76 per share when, on January 26, 2012, Carbo Ceramics revealed it had experienced a 70% decline in proppant sales in the Haynesville region and that it had been unable to shift its resources to other areas because of logistical problems. Full Article
The Briscoe Law Firm and Powers Taylor, LLP Announces Investigation Of Possible Breaches Of Fiduciary Duty By Officers And Directors Of Carbo Ceramics Inc
The Briscoe Law Firm and Powers Taylor, LLP announced that the firms are investigating legal claims against the officers and Board of Directors of Carbo Ceramics, Inc. related to potential securities violations between October 27, 2011 and January 26, 2012 (Class Period). In a recently filed federal class action complaint, Carbo Ceramics and certain of its Officers and Directors were charged with violating the Securities Exchange Act of 1934. Specifically, the complaint alleges that during the Class Period, defendants misrepresented or failed to disclose the following adverse facts: that Carbo Ceramics was experiencing a dramatic decline in proppant sales in the Haynesville region; that Carbo Ceramics was being negatively impacted by logistical problems such that it was not able to shift resources to liquid plays where drilling activity was increasing; and that, based on the foregoing, defendants lacked a reasonable basis for their positive statements about Carbo Ceramics, its operations, and the company's earnings during the Class Period. Full Article
Earnings vs. 
Estimates
Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests.
NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.
