Robins Ueda files securities frud class action lawsut against Hi-Crush Partners Shareholder rights firm Robbins Umeda announces that a complaint has been filed in the U.S. District Court for the Southern District of New York on behalf of investors of Hi-Crush Partners. The complaint alleges violations of the Securities Act of 1933 against the company and certain of its officers and directors concerning Hi-Crush's August 16, IPO.
U.S. Silica remains top fracking sand stock, says Cowen Cowen continues to rate all fracking sand companies it covers with an Outperform rating, but calls U.S. Silica (SLCA) its top name in the group. The firm cited the company's financial position, best in-class mine and distribution network for raw fracking sand and reliable free cash flow during the current downturn. Cowen maintained its $27 price target on U.S. Silica shares. Others in the fracking sand space include Hi-Crush Partners (HCLP), Emerge Energy (EMES) and Fairmount Santrol (FMSA).