Robbins Umeda LLP Announces an Investigation of Aegean Marine Petroleum Network Inc.
Robbins Umeda LLP, a shareholder rights litigation firm, has commenced an investigation into possible breaches of fiduciary duty and other violations of the law by certain officers and directors at Aegean Marine Petroleum Network Inc. (NYSE: ANW). Aegean Marine, through its subsidiaries, operates as a marine fuel logistics company that physically supplies and markets refined marine fuel and lubricants to ships in port and at sea. The company was founded in 2005, is based in Athens, Greece, and is incorporated in the Marshall Islands.
Robbins Umeda LLP’s investigation concerns whether the officers and directors of Aegean Marine issued materially false and misleading statements about the company’s business and prospects between January 4, 2010 and February 3, 2011. Specifically, the officers and directors may have engaged in a scheme to deceive the investing public regarding Aegean Marine’s business operations and management and the intrinsic value of the company’s securities. This scheme may have caused individuals to purchase Aegean Marine stock at artificially inflated prices, including during the company’s public offering of approximately 4.5 million shares, valued at over $147 million.
If you have purchased or own stock in Aegean Marine and would like more information about your rights as a shareholder, please contact attorney Gregory E. Del Gaizo at 800-350-6003 or by e-mail at firstname.lastname@example.org.