Rosen Law Firm Announces Class Action Against Hi-Crush Partners LP -- HCLP
NEW YORK, Dec. 1, 2012 (GLOBE NEWSWIRE) -- The Rosen Law Firm announced today
that a class action lawsuit has been filed on behalf of investors who
purchased Hi-Crush Partners LP (NYSE:HCLP) stock in or after the Company's
August 2012 initial public offering (the "IPO").
If you purchased Hi-Crush shares in the IPO or anytime thereafter, you may
join the class action by visiting the firm's website at http://rosenlegal.com,
or call Phillip Kim, Esq., toll-free, at 866-767-3653; you may also email
email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS
CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY
CHOOSE TO DO NOTHING AT THIS POINT AND REMAIN AN ABSENT CLASS MEMBER.
The Complaint alleges that Hi-Crush's IPO documents contained inaccurate
statements of material fact. The Complaint alleges that the IPO documents
highlighted Baker Hughes Incorporated ("Baker Hughes") as one of Hi-Crush's
two largest customers and emphasized that it was obligated to purchase from
Hi-Crush pursuant to a May 2012 "take-or-pay contract" that "require[d]" Baker
Hughes "to pay a specified price for a specified volume of frac sand each
month." However, on November 13, 2012, Hi-Crush was forced to disclose that
Baker Hughes had unilaterally repudiated that supply contract, stating
Hi-Crush was in breach. On this disclosure, Hi-Crush's stock price fell $5 per
share, or 25%, on extremely high trading volume of more than 3.3 million
If you wish to serve as lead plaintiff, you must move the Court no later than
January 26, 2013. A lead plaintiff is a representative party acting on behalf
of other class members in directing the litigation.If you wish to join the
litigation, or discuss your rights or interests regarding the class action,
please contact Phillip Kim, Esq. of The Rosen Law Firm toll free at
866-767-3653 or via e-mail at firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
Prior results do not guarantee a similar outcome.
CONTACT: Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm P.A.
275 Madison Avenue 34th Floor
New York, New York 10016
Tel: (212) 686-1060
Weekends Tel: (917) 562-8616
Toll Free: 1-866-767-3653
Fax: (212) 202-3827
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