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Law Offices of Howard G. Smith Announces the Filing of a Securities Class Action on Behalf of Aegean Marine Petroleum Network Inc. Investors


Law Offices of Howard G. Smith announces that a class action lawsuit has
been filed on behalf of investors that purchased Aegean Marine Petroleum
Network Inc. ("Aegean" or the "Company") (NYSE: ANW)
securities between April 28, 2016 and June 4, 2018, inclusive
(the "Class Period"). Aegean investors have until August 6, 2018 to
file a lead plaintiff motion.

Investors that suffered losses on their Aegean investments are
encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights in this class action at 888-638-4847 or by email to

On June 4, 2018, Aegean announced, following an internal review, that
the Company's Audit Committee "believes that approximately $200 million
of accounts receivable at December 31, 2017 will need to be written off"
because certain transactions "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's share
price fell more than 70% on June 5, 2018, thereby injuring investors.

The complaint filed in this class action alleges that throughout the
Class Period, Defendants made materially false and misleading statements
regarding the Company's business, operational and compliance policies.
Specifically, 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
materially false and misleading at all relevant times.

If you purchased shares of Aegean during the Class Period, have
information or would like to learn more about these claims, or have any
questions concerning this announcement or your rights or interests with
respect to these matters, please contact Howard G. Smith, Esquire, of
Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem,
Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888)
638-4847, or by email to,
or visit our website at

This press release may be considered Attorney Advertising in some
jurisdictions under the applicable law and ethical rules.

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