Market Overview

Robbins Arroyo LLP Reminds Investors of Lead Plaintiff Deadline in Aegean Marine Petroleum Network Inc. (ANW) Class Action


Shareholder rights law firm Robbins
Arroyo LLP
reminds investors that they have until August 6, 2018, to
file a motion seeking to be appointed lead plaintiff in the class action
lawsuit against Aegean Marine Petroleum Network Inc. (NYSE:ANW). The
lawsuit was filed against the company's officers and directors for
alleged violations of the Securities Exchange Act of 1934 between April
28, 2016 and June 4, 2018. Aegean, together with its subsidiaries,
operates as a marine fuel logistics company that markets and supplies
refined marine fuel and lubricants to vessels in port, at sea, and on
rivers worldwide.

View this information on the law firm's Shareholder Rights Blog:

Aegean Accused of Publishing Inaccurate Financial Results

According to the complaint, throughout the class period, Aegean issued a
series of misleading financial statements with the U.S. Securities and
Exchange Commission misrepresenting the company's ability to manage the
overall quality of its credit portfolio. Despite numerous assurances,
Aegean failed to implement sufficient financial controls. The truth
about the company's business prospects was revealed on June 5, 2018,
when Aegean announced that approximately $200 million of accounts
receivable owed to the company would need to be written off, admitting
that the transactions that gave rise to the accounts receivable may have
been improperly accounted for. On this news, Aegean's stock plummeted
over 75% to close at $0.70 per share on June 5, 2018.

Aegean Shareholders Have Legal Options

Concerned shareholders who would like more information about their
rights and potential remedies can contact attorney Leonid Kandinov at
(800) 350-6003,,
or via the shareholder
information form
on the firm's website.

Robbins Arroyo LLP is a nationally recognized leader in shareholder
rights law. The firm represents individual and institutional investors
in shareholder derivative and securities class action lawsuits, and has
helped its clients realize more than $1 billion of value for themselves
and the companies in which they have invested.

Attorney Advertising. Past results do not guarantee a similar outcome.

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