INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders It Filed a Complaint to Recover Losses Suffered by Aegean Marine Petroleum Network Inc. Investors and Sets a Lead Plaintiff Deadline of August 6, 2018 -- ANW
NEW YORK--(BUSINESS WIRE)--Jun 6, 2018--The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired common stock of Aegean Marine Petroleum Network Inc. (NYSE:ANW) between April 28, 2016, and June 4, 2018. You are hereby notified that Levi & Korsinsky has commenced the class action Simco v. Aegean Marine Petroleum Network Inc. (Case No. 1:18-cv-04993) in the USDC for the Southern District of New York. To get more information go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that throughout the Class Period defendants made false and/or misleading statements and/or failed to disclose that (i) Aegean had improperly accounted for an approximate $200 million of accounts receivable as of December 31, 2017; (ii) Aegean failed to maintain effective internal control over financial reporting; and (iii) as a result of the foregoing, Defendants’ statements about Aegean’s business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.
On June 4, 2018, Aegean filed a Form 6-K announcing that “approximately $200 million of accounts receivable owed to the Company 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…”
If you suffered a loss in Aegean you have until August 6, 2018 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com
View source version on businesswire.com:https://www.businesswire.com/news/home/20180606005786/en/
CONTACT: Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
(212) 363-7500, toll-free: (877) 363-5972
KEYWORD: UNITED STATES NORTH AMERICA NEW YORK
INDUSTRY KEYWORD: PROFESSIONAL SERVICES LEGAL
SOURCE: Levi & Korsinsky, LLP
Copyright Business Wire 2018.
PUB: 06/06/2018 09:38 AM/DISC: 06/06/2018 09:38 AM