Cohen Milstein Sellers & Toll PLLC Announces the Investigation of Hi-Crush Partners LP

  Cohen Milstein Sellers & Toll PLLC Announces the Investigation of Hi-Crush
  Partners LP

Business Wire

WASHINGTON -- January 10, 2013

Cohen Milstein Sellers & Toll PLLC is conducting an investigation to determine
whether Hi-Crush Partners LP (“Hi-Crush” or the “Company”) and certain of its
officers and directors violated Sections 11, 12(a) (2) and 15 of the
Securities Act of 1933.

The first of several class action lawsuits was filed in the U.S. District
Court for the Southern District of New York by another law firm on behalf of
all persons or entities who purchased the common stock of Hi-Crush Partners LP
(NYSE: HCLP) in or following the Company's initial public offering completed
on or about August 16, 2012 (the "IPO").

Hi-Crush sold almost 13 million units in an IPO priced at $17.00 on August 16,
2012. In the offering documents the Company disclosed that substantially all
of its sales were generated from contracts with just four customers, including
customer Baker Hughes, Inc. The complaint alleges that the Registration
Statement was false and misleading in that it failed to disclose that: (1)
prior to the IPO, Baker Hughes sought to change material terms of and was
threatening to cancel its supply agreement with the Company; (2) according to
Baker Hughes, Hi-Crush had been or was violating confidentiality provisions of
that agreement; and (3) as a result of the foregoing, Baker Hughes would
repudiate all of its obligations under its contract with Hi-Crush, materially
decreasing the Company’s revenues and profits.

On November 13, 2012, Hi-Crush reported that almost two months prior to that
time Baker Hughes had notified the Company of its intent to terminate its
supply agreement and that on November 12, Hi-Crush formally terminated that
supply agreement and sued Baker Hughes for breach of contract. The price of
Hi-Crush shares fell from $20.35 to $15.00 on November 13.

Cohen Milstein encourages all investors who purchased Hi-Crush common stock in
or following the IPO or former employees with information concerning this
matter to contact the firm.

If you are a Hi-Crush shareholder and would like to discuss your right to
recover for your economic loss, you may, without any cost or obligation, call
Cohen Milstein’s Managing Partner, Steven J. Toll at (888) 240-0775 or (202)
408-4600, or email him at stoll@cohenmilstein.com. If you wish to serve as
lead plaintiff, you must move the Court no later than January 21, 2013 to
request that the Court appoint you as lead plaintiff. A lead plaintiff is a
representative party acting on behalf of other class members in directing the
litigation. To be appointed lead plaintiff, the Court must decide that your
claim is typical of the claims of other class members, and that you will
adequately represent the class. Your share in any recovery will not be
enhanced or diminished by the decision whether or not to serve as a lead
plaintiff. Any member of the proposed class may retain Cohen Milstein Sellers
& Toll PLLC or other attorneys to serve as your counsel in this action, or you
may do nothing and remain an absent class member.

Cohen Milstein Sellers & Toll PLLC has significant experience in prosecuting
investor class actions and actions involving securities fraud. The firm has
offices in Washington, D.C., New York, Chicago, Philadelphia and Palm Beach
Gardens, and is active in major litigation pending in federal and state courts
throughout the nation.

The firm’s reputation for excellence has repeatedly been recognized by courts
which have appointed the firm to lead positions in complex multi-district or
consolidated litigation. Cohen Milstein Sellers & Toll PLLC has taken a lead
role in numerous important cases on behalf of defrauded investors, and has
been responsible for a number of outstanding recoveries which, in the
aggregate, total over a billion dollars. Prior results do not guarantee a
similar outcome. For more information visit www.cohenmilstein.com.

If you have any questions about this notice or the action, or with regard to
your rights, please contact either of the following:

Steven J. Toll, Esq.
Cameron Clark
Cohen Milstein Sellers & Toll PLLC
1100 New York Avenue, N.W.
West Tower, Suite 500
Washington, D.C. 20005
Telephone: (888) 240-0775 or (202) 408-4600
Email: stoll@cohenmilstein.com; cclark@cohenmilstein.com

Attorney Advertising

Contact:

Cohen Milstein Sellers & Toll PLLC
Steven J. Toll, Esq.
888-240-0775 or 202-408-4600
stoll@cohenmilstein.com
or
Cameron Clark
888-240-0775 or 202-408-4600
cclark@cohenmilstein.com
 
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