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Investor Class Action Filed Against Aegean Marine Petroleum Network Inc.
Company Name: Aegean Marine Petroleum Network Inc.
Court: United States District Court for the Southern District of New York
Case Number: 18-cv-04993
Judge: The Hon. Naomi Reice Buchwald
Class period: Between February 27, 2014 and November 5, 2018
Security Type: Securities

Case Background:

On June 05, 2018, the initial complaint in this securities class action was filed against Aegean Marine Petroleum Network Inc. (“Aegean” or the “Company”), and certain of Aegean’s directors, officers and auditors, asserting violations of sections 10(b) and 20(a) of the Securities Exchange Act.  

The complaint alleged that throughout the class period, the 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, the defendants' statements about the Company's business, operations, and prospects, were false and misleading and/or lacked a reasonable basis.

This securities class action lawsuit was brought on behalf of investors who purchased or otherwise acquired Aegean securities between February 27, 2014 and November 5, 2018, inclusive.

Current Status of Case:

Between March 6, 2020 and April 3, 2020, the auditor defendants and the individual defendants filed several motions to dismiss the Consolidated Class Action Complaint.  The motions to dismiss have been fully briefed and are pending before the Court.  This action is still ongoing.

If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.

CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq. or Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087 1-844-887-9500 (toll free) or 1-610-667-7706
Or by e-mail at info@ktmc.com

Please complete this form and list your purchase and/or sale transaction(s) for Aegean Marine Petroleum Network Inc. (NYSE: ANW) securities between February 27, 2014 and November 5, 2018, inclusive (the “class period”).

You may also contact James Maro, Jr., Esq. or Adrienne Bell, Esq. at 610.667.7706 or toll free at 844.887.9500, or you may submit your information via email at info@ktmc.com, or you may click here to print a PDF of this form.

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# of Shares
Price per Share
 
 
 
Principal Amount
Amount Paid
Series or CUSIP
 
 
 
# of Contracts
Price per Contract
Exercise Price
Expiration Date
Did you purchase shares of Aegean Marine Petroleum Network Inc. (2018) prior to the Class Period?
Are you a current or former employee of Aegean Marine Petroleum Network Inc. (2018)?
The submission of this form does not create an attorney-client relationship, nor an obligation on the part of Kessler Topaz or you to file a lead plaintiff motion in this matter. Any information you submit will be maintained as confidential. If Kessler Topaz, in its sole discretion, believes that you might be an appropriate lead plaintiff candidate, Kessler Topaz will contact you to discuss the matter and whether to establish an attorney client relationship. By signing this form you are authorizing us to contact you regarding this case and/or future cases.
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