LOS ANGELES, Jan. 14, 2013 (GLOBE NEWSWIRE) -- Glancy Binkow & Goldberg LLP, representing investors of Hi-Crush Partners LP ("Hi-Crush" or the "Company") (NYSE:HCLP), has filed a shareholder lawsuit in the United States District Court for the Southern District of New York on behalf of a class (the "Class") comprising all persons or entities who purchased Hi-Crush shares pursuant or traceable to the Company's August 16, 2012 initial public offering (the "IPO").
A copy of the Complaint is available from the court or from Glancy Binkow & Goldberg LLP. Please contact us by phone to discuss this action or to obtain a copy of the Complaint at (310) 201-9150 or Toll Free at (888) 773-9224, or by email at email@example.com.
Hi-Crush engages in the mining and processing of "frac sand" for use in hydraulic fracturing operations in oil and gas wells. The Complaint alleges that the Prospectus and Registration Statement filed in connection with the IPO contained materially false and misleading statements and omitted material information concerning one of the Company's largest customers -- Baker Hughes Oilfield Operations, Inc. ("Baker Hughes") -- including that: (i) as early as February 2012 Baker Hughes sought to change material terms of its contract with Hi-Crush and had expressed an unwillingness to comply with the current contract; and (ii) prior to the IPO, Baker Hughes began refusing to take or pay for Hi-Crush's frac sand.
If you are a member of the Class described above, you may move the Court to serve as lead plaintiff no later than January 22, 2013; however, you must meet certain legal requirements. If you wish to 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 firstname.lastname@example.org, or visit our website at http://www.glancylaw.com.
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Source:Glancy Binkow & Goldberg LLP