Glancy Prongay & Murray LLP Continues Investigation on Behalf of Aegean Marine Petroleum Network Inc. Investors (ANW)
AEGEAN MARINE PETROLEUM (ANW)
Last aegean marine petroleum earnings: 11/15 04:15 pm
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US:NYSE Investor Relations:
aegeanmarine.gcs-web.com/investor-relations
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Source: Business Wire
LOS ANGELES--(BUSINESS WIRE)-- Glancy Prongay & Murray LLP (“GPM”) continues its investigation on behalf of Aegean Marine Petroleum Network Inc. (“Aegean” or the “Company) (NYSE: ANW) investors concerning the Company and its officers’ possible violations of federal securities laws. To obtain information or aid in the investigation, please visit the Aegean page on our website at www.glancylaw.com/case/aegean-marine-petroleum-network-inc. 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
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