Shares of Carbo Ceramics (CRR -6.5%) tumble after a class-action lawsuit is filed in New York...

|By:, SA News Editor

Shares of Carbo Ceramics (CRR -6.5%) tumble after a class-action lawsuit is filed in New York federal court alleging the company issued false and misleading statements relating to the Jan. 26 drop in share prices, when CRR revealed a 70% decline in proppant sales.