EQUITY ALERT: Rosen Law Firm Announces Investigation of Securities Claims Against Aegean Marine Petroleum Network Inc. - ANW
NEW YORK--(BUSINESS WIRE)--Jun 5, 2018--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Aegean Marine Petroleum Network Inc. (NYSE:ANW) resulting from allegations that Aegean may have issued materially misleading business information to the investing public.
On May 22, 2018, Aegean filed a Form 6-K with the Securities and Exchange Commission (“SEC”) announcing an internal review of its financial reporting. On June 4, 2018, Aegean announced, following its initial findings of the 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.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Aegean investors. If you purchased shares of Aegean please visit the firm’s website at http://www.rosenlegal.com/cases-1352.html to join the class action. You may also contact Phillip Kim or Zachary Halper of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
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Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 3 each year since 2013.
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CONTACT: The Rosen Law Firm, P.A.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Zachary Halper, Esq.
275 Madison Avenue, 34thFloor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: The Rosen Law Firm, P.A.
Copyright Business Wire 2018.
PUB: 06/05/2018 05:29 PM/DISC: 06/05/2018 05:29 PM