ClaimsFiler, a FREE shareholder information service, reminds investors
that they have until August 6, 2018 to file lead plaintiff
applications in a securities class action lawsuit against Aegean Marine
Petroleum Network Inc. (NYSE: ANW), if they purchased the Company’s
shares between April 28, 2016, and June 4, 2018, inclusive (the “Class
Period”). This action is pending in the United States District Court for
the Southern District of New York.
Aegean investors should visit us at https://www.claimsfiler.com/cases/view-aegean-marine-petroleum-network-inc-securities-litigation-1
or call to speak to our claim center toll-free at (844) 367-9658.
About the Lawsuit
Aegean and certain of its executives are charged with failing to
disclose material information during the Class Period, violating federal
On June 4, 2018, Aegean provided an update on its ongoing audit
committee review, specifically that “approximately $200 million of
accounts receivable owed to the Company at December 31, 2017 will need
to be written off” and that “the Company cannot determine the full
impact on the financial statements or how this adjustment will be
recorded...there could be other adjustments that result from the Audit
Committee’s review that could impact the financial statements.”
On this news, the price of Aegean’s shares plummeted.
ClaimsFiler has a single mission: to serve as the information source to
help retail investors recover their share of billions of dollars from
securities class action settlements. ClaimsFiler's team of experts
monitor the securities class action landscape and cull information from
a variety of sources to ensure comprehensive coverage across a broad
range of financial instruments.
To learn more about ClaimsFiler, visit www.claimsfiler.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180713005496/en/