The settlements of this federal securities fraud class action lawsuit are on behalf of investors who purchased or otherwise acquired Aegean Marine Petroleum Network Inc. (“Aegean”) securities between February 27, 2014 and November 5, 2018, inclusive (the “Class Period”).
Defendants Deloitte Certified Public Accountants, S.A and PricewaterhouseCoopers Auditing Company S.A. agreed to pay $14,900,000 each for a total of $29,000,000 (the “Auditor Settlements”) to resolve the claims alleging violations of federal securities laws by making false or misleading statements.
The Individual Defendants agreed to pay a combined $11,949,999 (collectively, the “Individual Settlement”) to resolve the claims alleging violations of federal securities laws by making false or misleading statements.
What’s the status of the Settlement?
On September 14, 2022, the Court granted Final Approval of the Auditor Settlements.
On October 19, 2023, the Court granted Final Approval of the Individual Settlement.
Who can file a claim?
The settlement class includes all persons or entities who:
- Purchased or otherwise acquired Aegean securities between February 27, 2014 and November 5, 2018, inclusive.
How much is the Settlement Payment?
Pro rata payment: The total Auditor Settlements fund is $29,800,000. The total Individual Settlement fund is $11,949,999. The amount each class member receives will depend on several factors, including:
- The number of valid claims submitted
- The number of shares purchased and sold
- The dates of purchase and sale
- The price paid for the shares and the price received upon sale
How do I file a claim?
The deadline to file a claim for the Auditor Settlements was October 22, 2022. The deadline to file a claim for the Individual Settlement was September 20, 2023. To submit a claim and/or to find additional information regarding the terms of the Auditor Settlements and Individual Settlement and claim filing process, go to http://www.aegeansecuritieslitigation.com/ or contact the claims administrator, AB Data, Ltd., at 1-877-888-9760.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com.