SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Aegean Marine Petroleum Network Inc. (ANW)
NEW YORK, June 5, 2018 /PRNewswire/ -- Attorney Advertising--Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Aegean Marine Petroleum Network Inc. ("Aegean Marine " or the "Company") (NYSE: ANW). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/anw.
The investigation concerns whether Aegean Marine and certain of its officers and/or directors have violated federal securities laws.
On May 22, 2018, Aegean Marine announced an internal review of its financial reporting. Then, on June 4, 2018, Aegean Marine announced its preliminary findings from the review, including that "approximately $200 million of accounts receivable at December 31, 2017 will need to be written off." Aegean Marine further advised investors that 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." On this news, Aegean Marine's share price fell sharply during intraday trading on June 5, 2018.
If you are aware of any facts relating to this investigation, or purchased Aegean Marine shares, you can assist this investigation by visiting the firm's site: www.bgandg.com/anw. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]
SOURCE Bronstein, Gewirtz & Grossman, LLC
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