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| [January 17, 2013] |
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Levi & Korsinsky Notifies Investors with Losses on Their Investment in Hi-Crush Partners LP of Class Action Lawsuit and the Deadline of January 21, 2013 to Seek a Lead Plaintiff Position
NEW YORK --(Business Wire)--
Levi & Korsinsky announces that a class action lawsuit has been
commenced in the United States District Court for the Southern District
of New York on behalf of investors who acquired Hi-Crush Partners LP
("Hi-Crush" or "the Company") (NYSE: HCLP) securities pursuant to the
Company's August 16, 2012 Initial Public Offering.
For more information, click here: http://zlk.9nl.com/hi-crush-partners-hclp/.
The complaint alleges that the Registration Statement highlighted Baker
Hughes (News - Alert) Incorporated as one of Hi-Crush's largest customers and
emphasized that it was obligated to purchase sand from Hi-Crush pursuant
to a May 2012 contract. On November 13, 2012, however, Hi-Crush
disclosed that Baker Huges had repudiated that supply contract, stating
Hi-Crush was in breach.
According to the complaint, the Registration Statement was false and
misleading and/or failed to disclose the following: that (a) after
executing the original supply contract with Hi-Crush in October 2011,
beginning in February 2012, Baker Hughes began expressing an
unwillingness to comply with that contract; (b) six months prior to the
IPO, Baker Hughes demanded significant volume and other concessions
resulting in the execution of an amended supply contract; (c) according
to Baker Hughes, Hi-Crush had, or was, violating confidentiality
provisions in the supply contract; and (d) as a result, Baker Hughes
would repudiate all its financial obligations under the supply contract,
materially decreasing Hi-Crush's revenues and profits under the supply
contract.
If you suffered a loss in Hi-Crush you have until January 21, 2013 to
request that the Court appoint you as lead plaintiff. Your ability to
share in any recovery doesn't require that you serve as a lead
plaintiff. To obtain additional information, contact Joseph E. Levi,
Esq. either via email at jlevi@zlk.com
or by telephone at (877) 363-5972, or visit http://zlk.9nl.com/hi-crush-partners-hclp/.
Levi & Korsinsky is a national firm with offices in New York and
Washington D.C. The firm has extensive expertise in prosecuting
securities litigation involving financial fraud, representing investors
throughout the nation in securities and shareholder lawsuits. Attorney
advertising. Prior results do not guarantee similar outcomes.

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