Law Offices of Howard G. Smith Announces Investigation On Behalf of Investors of Aegean Marine Petroleum Network, Inc.

BENSALEM, Pa.--(BUSINESS WIRE)--Law Offices of Howard G. Smith announces that it is investigating potential claims on behalf of purchasers of the securities of Aegean Marine Petroleum Network, Inc. (“Aegean Marine” or the “Company”) (NYSE:ANW) concerning possible violations of federal securities laws. Aegean Marine operates as a marine fuel logistics company. Based in Athens, Greece, the Company supplies refined marine fuel and lubricants to ships in port and at sea, primarily through its fleet of bunkering tankers.

The investigation is related to allegations that certain statements issued by the Company between January 4, 2010 and February 3, 2011, regarding Aegean Marine’s business and prospects were materially false and misleading. On February 3, 2011, the Company, citing, among other things, “ongoing softness in the maritime industry,” announced preliminary financial results for fourth quarter 2010, including an anticipated net loss of $12-$13 million for the fourth quarter of 2010. Following this news, the price of Aegean Marine stock dropped more than 20% from the previous day’s closing price of $10.90 per share, to close at $8.68 per share on February 3, 2011, on unusually heavy volume of more than 6.5 million shares traded.

If you purchased Aegean Marine securities between January 4, 2010 and February 3, 2011, if you have information or would like to learn more about these claims, or if you wish to discuss these matters or 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 [phone], Toll Free at [phone], or by email to [e-mail], or visit our website at www.howardsmithlaw.com.