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Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Hi-Crush Partners LP

  Glancy Binkow & Goldberg LLP Announces Class Action Lawsuit Against Hi-Crush
  Partners LP

Business Wire

LOS ANGELES -- December 01, 2012

Glancy Binkow & Goldberg LLP announces that a class action lawsuit has been
filed on behalf of a class (the “Class”) consisting of all purchasers of the
common stock of Hi-Crush Partners LP (“Hi-Crush” or the “Company”) (NYSE:HCLP)
between August 5, 2011 and October 31, 2012, inclusive (the “Class Period”),
seeking to pursue remedies under the Securities Act of 1933.

To join the Hi-Crush class action or view a copy of the Complaint, please
visit our website at http://www.glancylaw.com or contact us by phone at (310)
201-9150, Toll-Free at (888) 773-9224 or by email to
shareholders@glancylaw.com. The lawsuit is pending in the United States
District Court for the Southern District of New York.

NO CLASS HAS YET BEEN CERTIFIED IN THIS ACTION. UNTIL A CLASS IS CERTIFIED,
YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. TO BE A MEMBER OF
THE CLASS, YOU NEED NOT TAKE ANY ACTION AT THIS TIME TO REMAIN AN ABSENT CLASS
MEMBER OR YOU MAY RETAIN COUNSEL OF YOUR CHOICE.

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 Class Action Complaint alleges that the Prospectus contained numerous
false and misleading statements concerning Baker Hughes, including that the
Prospectus: (1) failed to inform shareholders that Baker Hughes had sought to
change the material terms of its contract with the Company as early as
February 2012 and was threatening to cancel its contract altogether prior to
the issuance of the Prospectus, and (2) failed to inform shareholders that
prior to the IPO and the issuance of the accompanying Prospectus Baker Hughes
began refusing to take or pay for Hi-Crush’s sand.

If you wish to serve as lead plaintiff, you must file a motion with the Court
no later than January 22, 2013; however, you must meet certain legal
requirements. The lead plaintiff serves as a representative of other Class
members by working with the attorneys to direct the litigation. If you wish to
join this action, learn more about this action, or have any questions
concerning this Notice 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 or 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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