AEGEAN MARINE INVESTIGATION INITIATED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates Aegean Marine Petroleum Network Inc. for Possible Securities Fraud - ANW
Jun. 05, 2018
NEW ORLEANS--(BUSINESS WIRE)--Jun 5, 2018--Former Attorney General of Louisiana, Charles C. Foti, Jr., Esq., a partner at the law firm of Kahn Swick & Foti, LLC (“KSF”), announces that KSF has commenced an investigation into Aegean Marine Petroleum Network Inc. (NYSE: ANW).
On June 4, 2018, the Company provided an update on its ongoing audit committee internal review, specifically that “approximately $200 million of accounts receivable owed to the Company at December 31, 2017 will need to be written off” and further 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.
KSF’s investigation is focusing on whether Aegean and/or its officers and directors violated state or federal securities laws.
If you are an Aegean shareholder and have suffered losses, you may, without obligation or cost to you, contact KSF Managing Partner Lewis Kahn toll-free at 1-877-515-1850 or via email ( firstname.lastname@example.org ), or visit https://www.ksfcounsel.com/cases/nyse-anw/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include the former Louisiana Attorney General Charles C. Foti, Jr., is a law firm focused on securities, antitrust and consumer class actions, along with merger & acquisition and breach of fiduciary litigation against publicly traded companies on behalf of shareholders. The firm has offices in New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
View source version on businesswire.com:https://www.businesswire.com/news/home/20180605006394/en/
CONTACT: Kahn Swick & Foti, LLC
Lewis Kahn, 877-515-1850
KEYWORD: UNITED STATES NORTH AMERICA LOUISIANA
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Kahn Swick & Foti, LLC
Copyright Business Wire 2018.
PUB: 06/05/2018 07:30 PM/DISC: 06/05/2018 07:30 PM