Robbins Umeda LLP Announces the Filing of a Securities Fraud Class Action Lawsuit Against Hi-Crush Partners LP.

  Robbins Umeda LLP Announces the Filing of a Securities Fraud Class Action
                    Lawsuit Against Hi-Crush Partners LP.

PR Newswire

SAN DIEGO and HOUSTON, Nov. 29, 2012

SAN DIEGO and HOUSTON, Nov. 29, 2012 /PRNewswire/ -- Shareholder rights firm
Robbins Umeda LLP announces that a complaint has been filed in the U.S.
District Court for the Southern District of New York on behalf of investors of
Hi-Crush Partners LP (NYSE: HCLP) ("Hi-Crush" or the "Company"). The complaint
alleges violations of the Securities Act of 1933 against the Company and
certain of its officers and directors concerning Hi-Crush's August 16, 2012
initial public stock offering ("IPO").

(Logo: http://photos.prnewswire.com/prnh/20111014/ROBBINSUMEDALOGO)

Hi-Crush operates as a producer of monocrystalline sand, a mineral that is
used as a proppant to enhance the recovery rates of hydrocarbons from oil and
natural gas wells. The complaint alleges that, on August 16, 2012, the Company
completed its IPO through the sale of 12,937,500 common units at a price of
$17 per unit, receiving, approximately $220 million in gross proceeds.
Specifically, the complaint alleges that statements contained in the Company's
July 6, 2012, Form S-1 Registration Statement contained materially false and
misleading statements to investors about one of the Company's largest
customer, Baker Hughes Incorporated. Hi-Crush made repeated references to the
strength of its relationship with Baker Hughes, and assured investors that the
relationship was a stable source of long-term cash flow. Hi-Crush neglected to
inform investors that, prior to its issuance, Baker Hughes had sought to
change the terms of, or cancel, its supply contract with Hi-Crush.

Then, on November 13, 2012, Hi-Crush announced that Baker Hughes was
unilaterally terminating its supply contract with Hi-Crush. On this news, the
Company's share price fell 26%, from $20.35 per share on November 12, 2012 to
close at $15.00 on November 13, 2012.

If you purchased or otherwise acquired Hi-Crush stock and wish to serve as
lead plaintiff, you must act no later than January 22, 2013. To discuss your
shareholder rights, please contact attorney Darnell R. Donahue at (800)
350-6003, inquiry@robbinsumeda.com, or via the shareholder information form on
the firm's website.

Robbins Umeda LLP is a nationally recognized leader in securities litigation
and shareholder rights law. The firm represents individual and institutional
investors in shareholder derivative and securities class action lawsuits, and
has helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested. For more information, please go
to http://www.robbinsumeda.com.

Press release link:
http://www.robbinsumeda.com/shareholders-rights-blog/hi-crush-partners/

Attorney Advertising. Past results do not guarantee a similar outcome.

Contact:
Robbins Umeda LLP
Darnell R. Donahue
inquiry@robbinsumeda.com
(619) 525-3990 or Toll Free (800) 350-6003
www.robbinsumeda.com

SOURCE Robbins Umeda LLP

Website: http://robbinsumeda.com
 
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