The Shuman Law Firm Investigates Hi-Crush Partners LP
August 26 2013 - 1:01PM
Business Wire
The Shuman Law Firm announces that it is investigating potential
claims against certain officers and directors of Hi-Crush Partners
LP (“Hi-Crush” or the “Company”) (NYSE: HCLP). Hi-Crush is a
Texas-based company that operates as a producer of monocrystalline
sand used in natural gas and oil wells.
The Firm’s investigation concerns the Company’s announcement
that the Securities Exchange Commission had requested information
concerning a contract dispute with Baker Hughes Oilfield
Operations, Inc. (“Baker Hughes”). On September 19, 2012, Baker
Hughes provided notice to Hi-Crush that it was terminating its
long-term, take-or-pay supply contract with Hi-Crush. The Baker
Hughes contract accounted for approximately one-fifth of Hi-Crush’s
revenue projections. Hi-Crush and Baker Hughes continue to engage
in litigation over the terminated contract. When the Company
publicly announced the details of the Baker Hughes dispute on
November 13, 2012, Hi-Crush’s stock price fell approximately
22%.
If you currently own Hi-Crush common stock and are interested in
discussing your rights as a shareholder, or have information
relating to this investigation, please contact Kip B. Shuman or
Rusty E. Glenn toll free at (866) 974-8626 or email Mr. Shuman at
kip@shumanlawfirm.com or email Mr. Glenn at
rusty@shumanlawfirm.com.
The Shuman Law Firm represents investors throughout the nation,
concentrating its practice in stockholder litigation.
The Shuman Law FirmKip B. Shuman, Esq.,
866-974-8626kip@shumanlawfirm.comorRusty E. Glenn, Esq.,
866-974-8626rusty@shumanlawfirm.comFax:
303-484-4886www.shumanlawfirm.com
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