SAN DIEGO, Jan. 7, 2013 (GLOBE NEWSWIRE) -- The Shareholders Foundation, Inc. announces that a deadline to get actively involved is coming up on January 21, 2013 in the lawsuit filed on behalf of certain investors in shares of Hi-Crush Partners LP (HCLP) over alleged Violations of Federal Securities Laws by Hi-Crush Partners LP in connection with its initial public offering ("IPO").
If you purchased a significant amount of common stock of Hi-Crush Partners LP (HCLP) in and/or following the Company's IPO completed on or about August 16, 2012, you have certain options and you should contact the Shareholders Foundation, Inc. by e-mail at mail@shareholdersfoundation.com or call +1 (858) 779-1554.
The plaintiff alleges that Hi-Crush Partners LP failed to disclose in connection with the IPO that prior to the IPO, Baker Hughes Oilfield Operations, one of Hi-Crush Partners' largest customers, had sought to change the terms of, or cancel, its supply contract with Hi-Crush Partners LP.
On November 13, 2012, Hi-Crush Partners LP reported its third quarter 2012 results. Among other things, Hi-Crush Partners LP disclosed that on September 19, 2012 Baker Hughes Oilfield Operations provided notice that it was terminating a supply agreement with the Company.
HCLP stock declined from as high as $20.79 on Nov. 9, 2012 to as low as $14.42 per share on December 18, 2012.
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 a 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.
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