SOURCE: Shareholders Foundation

Shareholders Foundation

November 26, 2012 09:35 ET

Hi-Crush Partners LP (HCLP) Investor Lawsuit Over Alleged Misleading Statements Announced by Shareholders Foundation

SAN DIEGO, CA--(Marketwire - Nov 26, 2012) - The Shareholders Foundation, Inc. announces that a lawsuit was filed by an investor in Hi-Crush Partners LP (HCLP) shares over alleged securities laws violations by Hi-Crush Partners LP in connection with its initial public offering.

Investors who purchased a significant amount of Hi-Crush Partners LP (HCLP) units have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.

The plaintiff alleges on behalf of all persons or entities who purchased the common stock of Hi-Crush Partners LP (HCLP) in and/or following the Company's initial public offering ("IPO") completed on or about August 16, 2012, that Hi-Crush Partners LP and certain of its officers and directors and the underwriters of its IPO violated the Securities Act of 1933.

The plaintiff claims that the Registration Statement issued in connection with Hi-Crush Partners' IPO was allegedly negligently prepared and, as a result, contained allegedly untrue statements of material facts, omitted to state other facts necessary to make the statements made not misleading and was not prepared in accordance with the rules and regulations governing its preparation.

On November 13, 2012, Hi-Crush Partners LP reported its third quarter 2012 results. Among other things, Hi-Crush Partners LP disclosed the termination of the supply agreement with Baker Hughes Oilfield Operations, Inc. Hi-Crush Partners LP said that on September 19, 2012, Baker Hughes provided notice that it was terminating the contract.

Those who purchased shares of Hi-Crush Partners LP have certain options and should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.

The Shareholders Foundation, Inc. is a professional portfolio legal monitoring and settlement claim filing service, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. The Shareholders Foundation, Inc. is not a law firm. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

Contact Information

  • CONTACT:
    Shareholders Foundation, Inc.
    Trevor Allen
    +1 (858) 779-1554
    mail@shareholdersfoundation.com
    3111 Camino Del Rio North
    Suite 423
    San Diego, CA 92108