LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces that it has commenced an investigation on behalf of Aegean Marine Petroleum Network Inc. (“Aegean” or the “Company) (NYSE: ANW) investors concerning the Company and its officers’ possible violations of federal securities laws.
To obtain information or aid in the investigation, please visit the Aegean page on our website at www.glancylaw.com/case/aegean-marine-petroleum-network-inc.
On June 4, 2018, Aegean announced, following an internal review, that the Company’s Audit Committee “believes that approximately $200 million of accounts receivable at December 31, 2017 will need to be written off” because certain transactions “may have been, in full or in part, without economic substance and improperly accounted for in contravention of the Company's normal policies and procedures.”
On this news, Aegean’s share price fell more than 70% on June 5, 2018, thereby injuring investors.
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If you purchased Aegean securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to email@example.com, or visit our website at www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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