SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Aegean Marine Petroleum Network Inc. - ANW

NEW YORK, June 5, 2018 /PRNewswire-USNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Aegean Marine Petroleum Network Inc. ("Aegean Marine" or the "Company") (NYSE: ANW).   Such investors are advised to contact Robert S. Willoughby at rswilloughby@pomlaw.com or 888-476-6529, ext. 9980.

The investigation concerns whether Aegean Marine and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. 

[Click here to join a class action]

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.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris, is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT:
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
888-476-6529 ext. 9980

View original content:http://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-aegean-marine-petroleum-network-inc---anw-300660210.html

SOURCE Pomerantz LLP