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The Law Offices of Howard G. Smith Reminds Investors of August 6th Deadline in the Class Action Lawsuit Against Aegean Marine Petroleum Network Inc. (ANW)


Law Offices of Howard G. Smith reminds investors of the August
6, 2018
deadline to file a lead plaintiff motion in the class action
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 suffering 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 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 false and misleading and/or
lacked a reasonable basis.

If you purchased shares of Aegean during the Class Period you may move
the Court no later than August 6, 2018 to ask the Court to
appoint you as lead plaintiff. To be a member of the Class you need not
take any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you wish
to learn more about this action, or if you 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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