INVESTOR ALERT: Former Louisiana Attorney General and Kahn
INVESTOR ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Large Financial Interests of Lead Plaintiff Deadline in Class Action Lawsuit Against Hi-Crush Partners LP
NEW ORLEANS, LA -- (Marketwire) -- 11/27/12 -- Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 20, 2013 to file lead plaintiff applications in a securities class action lawsuit against Hi-Crush Partners LP (NASDAQ: HCLP), if they purchased the Company's common stock in and/or following the Company's initial public offering completed on or about August 16, 2012 (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.
What You May Do
If you purchased shares of Hi-Crush and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, e-mail or call KSF Managing Partner, Lewis Kahn (email@example.com), toll free, 877-515-1850, or via cell phone any time at 504-301-7900. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by January 20, 2013.
About the Lawsuit
Hi-Crush and certain of its senior executives are charged with issuing a materially false and misleading Registration Statement in connection with the Company's August 2012 IPO, in violation of federal securities laws.
Specifically, the complaint alleges that, on November 13, 2012, Hi-Crush was forced to disclose that Baker Hughes had unilaterally repudiated a significant supply contract, stating Hi-Crush was in breach. On this belated disclosure, Hi-Crush's stock price fell $5.00 per share, or 25%, on extremely high trading volume.
About Kahn Swick & Foti, LLC
To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.
Kahn Swick & Foti, LLC Lewis Kahn Managing Partner 877-515-1850 or after hours via cell phone 504-301-7900 firstname.lastname@example.org 206 Covington St. Madisonville, LA 70447