Glancy Binkow & Goldberg LLP Announces Investigation of Hi-Crush Partners LP

  Glancy Binkow & Goldberg LLP Announces Investigation of Hi-Crush Partners LP

Business Wire

LOS ANGELES -- November 19, 2012

Glancy Binkow & Goldberg LLP announces that it is investigating potential
claims on behalf of purchasers of the common stock of Hi-Crush Partners LP
(“Hi-Crush” or the “Company”) (NYSE:HCLP) concerning possible violations of
federal securities laws. The investigation focuses on allegations that certain
statements issued by Hi-Crush were false and misleading concerning the
Company’s business and financial prospects.

Hi-Crush engages in the mining and processing of raw sands for use in
hydraulic fracturing operations in oil and gas wells. In connection with the
Company’s August 16, 2012 initial public offering, Hi-Crush filed a Prospectus
and Registration Statement with the Securities and Exchange Commission stating
that Baker Hughes Oilfield Operations, Inc. (“Baker Hughes”), a provider of
pressure pumping services in North America, is also one of the Company’s
largest customers. The Company further stated that substantially all of its
sales are generated under contracts with four customers, and that the “loss of
or reduced purchasing by any of them could adversely affect our results of
operations.”

The investigation is related to the Company’s November 13, 2012 disclosure
that on September 19, 2012 Baker Hughes provided notice that it was
terminating a supply agreement for “frac sand” with the Company. On
November12, 2012 Hi-Crush formally terminated the supply agreement and filed
a lawsuit in the State District Court of Harris County, Texas, against Baker
Hughes, alleging wrongful termination of the supply agreement.

Following this news, shares of Hi-Crush fell $5.13 from the previous day’s
closing price, to a closing price of $15 on November 16, 2012 on heavy volume
of more than 3.3 million shares traded.

If you purchased Hi-Crush common stock on August 16, 2012 or thereafter, if
you have information or would like to learn more about these claims, or if you
wish to discuss these matters or have any questions concerning this
announcement or your rights or interests with respect to these matters, please
contact Michael Goldberg, Esquire, of Glancy Binkow & Goldberg LLP, 1925
Century Park East, Suite 2100, Los Angeles, California 90067, by telephone at
310-201-9150, Toll-Free at 888-773-9224, by e-mail to
shareholders@glancylaw.com, or visit our website at http://www.glancylaw.com.

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

Contact:

Glancy Binkow & Goldberg LLP, Los Angeles, CA
Michael Goldberg
310-201-9150 or 888-773-9224
shareholders@glancylaw.com
www.glancylaw.com
 
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