SOURCE: Kahn Swick & Foti, LLC

November 27, 2012 12:15 ET

INVESTOR ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Large Financial Interests of Lead Plaintiff Deadline in Class Action Lawsuit Against Hi-Crush Partners LP

NEW ORLEANS, LA--(Marketwire - Nov 27, 2012) - Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have until January 20, 2013 to file lead plaintiff applications in a securities class action lawsuit against Hi-Crush Partners LP (NASDAQ: HCLP), if they purchased the Company's common stock in and/or following the Company's initial public offering completed on or about August 16, 2012 (the "Class Period"). This action is pending in the United States District Court for the Southern District of New York.

What You May Do

If you purchased shares of Hi-Crush and would like to discuss your legal rights and how this case might affect you and your right to recover for your economic loss, you may, without obligation or cost to you, e-mail or call KSF Managing Partner, Lewis Kahn (lewis.kahn@ksfcounsel.com), toll free, 877-515-1850, or via cell phone any time at 504-301-7900. If you wish to serve as a lead plaintiff in this class action, you must petition the Court by January 20, 2013.

About the Lawsuit

Hi-Crush and certain of its senior executives are charged with issuing a materially false and misleading Registration Statement in connection with the Company's August 2012 IPO, in violation of federal securities laws.

Specifically, the complaint alleges that, on November 13, 2012, Hi-Crush was forced to disclose that Baker Hughes had unilaterally repudiated a significant supply contract, stating Hi-Crush was in breach. On this belated disclosure, Hi-Crush's stock price fell $5.00 per share, or 25%, on extremely high trading volume.

About Kahn Swick & Foti, LLC

To learn more about KSF, whose partners include the Former Louisiana Attorney General, Charles C. Foti, Jr., and other lawyers with significant experience litigating complex securities class actions nationwide on behalf of both institutional and individual shareholders, you may visit www.ksfcounsel.com.

Contact Information

  • Contact:

    Kahn Swick & Foti, LLC
    Lewis Kahn
    Managing Partner
    877-515-1850
    or after hours via cell phone 504-301-7900
    lewis.kahn@ksfcounsel.com
    206 Covington St.
    Madisonville, LA 70447