Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  Nyse  >  Aegean Marine Petroleum Network Inc.    ANW   MHY0017S1028

SummaryQuotesChartsNewsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

AEGEAN MARINE PETR : Aegean Marine Petroleum Network Inc. Announces Withdrawal of Lawsuits

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/23/2011 | 10:25pm CET

PIRAEUS, Greece, Aug. 23, 2011 /PRNewswire/ -- Aegean Marine Petroleum Network Inc. (NYSE: ANW) today announced that the putative securities class action lawsuit previously filed in the United States District Court for the Southern District of New York against the Company, its Chairman and certain of its executives as well as the shareholder derivative action lawsuit previously filed in the same court against the Company and its Board of Directors have both been voluntarily withdrawn by the respective plaintiffs.

E. Nikolas Tavlarios, President, commented, "When these lawsuits were filed, we told our shareholders, customers, and suppliers that they were without merit. We believe the withdrawal of both suits speaks for itself."

About Aegean Marine Petroleum Network Inc.

Aegean Marine Petroleum Network Inc. is an international marine fuel logistics company that markets and physically supplies refined marine fuel and lubricants to ships in port and at sea. The Company procures product from various sources (such as refineries, oil producers, and traders) and resells it to a diverse group of customers across all major commercial shipping sectors and leading cruise lines. Currently, Aegean has a global presence in 19 markets, including Vancouver, Montreal, Mexico, Jamaica, Trinidad and Tobago, West Africa, Gibraltar, U.K., Northern Europe, Piraeus, Patras, the United Arab Emirates, Singapore, Morocco, the Antwerp-Rotterdam-Amsterdam (ARA) region, Las Palmas, Tenerife, Cape Verde and Panama.

Cautionary Statement Regarding Forward-Looking Statements

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words "believe," "intend," "anticipate," "estimate," "project," "forecast," "plan," "potential," "may," "should," "expect" and similar expressions identify forward-looking statements. The forward-looking statements in this press release are based upon various assumptions. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. Please see our filings with the Securities and Exchange Commission for a more complete discussion of these and other risks and uncertainties.

SOURCE Aegean Marine Petroleum Network Inc.

share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on AEGEAN MARINE PETROLEUM NE
01/10 AEGEAN MARINE PETROLEUM NETWORK : Announces Launch Of New Market In Rostock, Ger..
01/05 AEGEAN MARINE PETROLEUM NETWORK INC. : Announces Launch Of New Market In Rostock..
2016 AEGEAN MARINE PETROLEUM NETWORK INC. : Announces Upsizing and Pricing of 4.25% C..
2016 AEGEAN MARINE PETROLEUM NETWORK INC. : Announces Proposed Offering of $100,000,0..
2016 AEGEAN MARINE PETROLEUM NETWORK INC. : ex-dividend day
2016 AEGEAN MARINE PETROLEUM NETWORK : tops 3Q revenue forecasts
2016 AEGEAN MARINE PETROLEUM NETWORK INC. : Announces Third Quarter 2016 Financial Re..
2016AEGEAN MARINE PETROLEUM NETWORK INC. : quaterly earnings release
2016 AEGEAN MARINE PETROLEUM NETWORK INC. : Announces Third Quarter 2016 Conference C..
2016 AEGEAN MARINE PETROLEUM NETWORK : Research Reports Initiation on Oil & Gas Stock..
More news
Sector news : Oil & Gas Refining and Marketing - NEC
01:13pDJPetro Matad's Stock Rises on Expectation of $5 Million Payment from Shell
11:45aDJTrump Victory Slows Business Investment in Iran
08:49aDJExxon Joins Land Rush In Red-Hot Southwest -- WSJ
01/17DJEXXON MOBIL : Expands Permian Basin Footprint -- 2nd Update
01/17DJCorrection to BP CEO Story on Recent Deals
More sector news : Oil & Gas Refining and Marketing - NEC
News from SeekingAlpha
01/06 Aegean Marine to launch new market in Germany
2016 Midday Gainers / Losers
2016 PREMARKET GAINERS / LOSERS AS OF 9 : 10 am
2016 Aegean Marine Petroleum Network goes ex-dividend today
2016 Aegean Marine Petroleum Network Inc. 2016 Q3 - Results - Earnings Call Slides