SOURCE: Dyer & Berens LLP

Dyer & Berens LLP

February 11, 2011 11:13 ET

Dyer & Berens LLP Files Class Action Lawsuit on Behalf of Investors Who Purchased Aegean Marine Petroleum Network Inc. Common Stock Between 1/4/10 and 2/3/11; Announces Upcoming Investor Deadline (ANW)

DENVER, CO--(Marketwire - February 11, 2011) - Dyer & Berens LLP (www.DyerBerens.com) today announced that it has filed a class action lawsuit in the United States District Court for the Southern District of New York on behalf of investors who purchased Aegean Marine Petroleum Network Inc. ("Aegean" or the "Company") (NYSE: ANW) common stock between January 4, 2010 and February 3, 2011, inclusive (the "Class Period"). 

What actions may I take at this time? If you purchased during the Class Period and wish to serve as a lead plaintiff, you must request appointment by the court no later than April 11, 2011. If you would like to discuss this action, the lead plaintiff process, or have any questions concerning this notice, please contact plaintiff's counsel, Jeffrey A. Berens, Esq. at (888) 300-3362 x302 or via email at jeff@dyerberens.com. Any member of the putative class may request a lead plaintiff appointment through counsel of its choice or may choose to do nothing and remain an absent class member. 

What are the allegations in the complaint? The complaint alleges that, throughout the Class Period, defendants' public statements were materially false and misleading. Specifically, the lawsuit alleges Aegean knew but failed to disclose declining demand for its products and services, particularly in the Singapore and Rotterdam ports. Further, the complaint alleges the Company's acquisition of Verbeke Bunkering N.V. was not performing according to internal expectations, and as a result of these and other problems, the Company lacked a reasonable basis for its positive statements. Based upon the foregoing, the complaint charges Aegean and certain of its officers and directors with violations of the Securities Exchange Act of 1934. 

About Dyer & Berens LLP. The plaintiff is represented by several law firms, including Dyer & Berens LLP, which has expertise in prosecuting investor class actions involving financial fraud. The firm's extensive experience in securities litigation, particularly in cases brought under the Private Securities Litigation Reform Act, has contributed to the recovery of hundreds of millions of dollars for aggrieved investors. 

Contact Information

  • Contact:

    Jeffrey A. Berens
    Dyer & Berens LLP
    303 East 17th Avenue, Suite 300
    Denver, CO 80203
    Tel: (888) 300-3362 x302
    Email: Email Contact
    Website: www.DyerBerens.com