|[December 18, 2012]
Law Offices of Howard G. Smith Announces Lead Plaintiff Deadline in the Class Action Lawsuit against Hi-Crush Partners LP
BENSALEM, Pa. --(Business Wire)--
Law Offices of Howard G. Smith announces that investors of Hi-Crush
Partners LP ("Hi-Crush" or the "Company") (NYSE:HCLP) have until January
22, 2013 to move the Court to serve as lead plaintiff in the securities
fraud class action lawsuit filed 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").
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 containedmaterially false and misleading
statements and omitted material information concerning one of the
Company's largest customers -- Baker Hughes (News - Alert) 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 have certain
rights, and have until January 22, 2013 to move for lead plaintiff
status. To be a member of the class you need not take any action at this
time, or may retain counsel of your choice. If you wish to discuss this
action or learn more concerning your rights or interests with respect to
these matters, please contact Howard G. Smith, Esquire, of Law Offices
of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania
19020; by telephone at (215) 638-4847, Toll Free at (888) 638-4847; or
by email to firstname.lastname@example.org;
or visit our website at http://www.howardsmithlaw.com.
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