NEW YORK--(BUSINESS WIRE)--The Klein Law Firm announces the commencement of an investigation of Aegean Marine Petroleum Network Inc. (NYSE: ANW) concerning possible violations of federal securities laws.
On June 4, 2018, Aegean Marine filed a Form 6-K announcing preliminary findings from the review, including that “approximately $200 million of accounts receivable at December 31, 2017 will need to be written off.” Per the 6-K, certain “transactions that gave rise to the accounts receivable… 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.” Following this news, shares of Aegean Marine were down 66.96% on intraday trading on June 5, 2018.
If you suffered a loss in Aegean and wish to obtain additional information, please contact Joseph Klein, Esq. by telephone at 212-616-4899 or visit http://www.kleinstocklaw.com/pslra-c/aegean-marine-petroleum-network-inc.
Joseph Klein, Esq. represents investors and participates in securities litigations involving financial fraud throughout the nation. Attorney advertising. Prior results do not guarantee similar outcomes.