Faruqi & Faruqi, LLP Announces Investigation Of Carbo Ceramics Inc

Faruqi & Faruqi, LLP, a national securities law firm, announced that it is investigating potential securities fraud at Carbo Ceramics, Inc. The investigation focuses on whether the Company and its executives violated federal securities laws by failing to disclose that; the Company was experiencing significant declines in proppant sales for the Haynesville region; and 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, the Company 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 the Company had been unable to shift resources to various new opportunities due to logistical issues. In response to the Company's disappointing announcements, the price of the Company's common stock declined from $130.72 per share to $103.76 on heavy trading volume.