Aegean Securities Litigation

This official website is maintained by the Claims Administrator supervised by Lead Counsel in the action entitled, In re Aegean Marine Petroleum Inc. Securities Litigation, Case No. 1:18-cv-04993-(NRB) (the “Action”), pending in the United States District Court For The Southern District of New York



PLEASE BE ADVISED:

Information on this page pertains to two proposed settlements reached between Lead Plaintiff and PwC Greece and Deloitte Greece were reached (the “Auditor Settlements”). The Court granted final approval of the Auditor Settlements on September 14, 2023.

THE TIME TO SUBMIT CLAIM FORMS, OBJECT TO OR TO FILE REQUESTS FOR EXCLUSION FROM THE AUDITOR SETTLEMENTS HAS EXPIRED.

Information related to the Auditor Settlements can be found below.

The information contained on this web page is only a summary of information presented in more detail in the Notice of (I) Pendency of Class Action and Proposed Partial; and (II) Final Approval Hearing For The Partial Settlements, Plan of Allocation, Motion For Approval of Attorneys’ Fees and Reimbursement of Litigation Expenses and Application For The Establishment of a Litigation Expense Fund (the “Notice”), which you can access by clicking here. Since this website is just a summary, you should review the Notice for additional details.

Subject to Court approval, Plaintiff Utah Retirement Systems (“URS”), on behalf of the Classes, has entered into two settlements. The recovery to the Classes totals $29,800,000.00 that, if approved, will resolve all claims in the Litigation (the “Settlement”).

If you are a member of the Class, your rights will be affected and you may be eligible for a payment from the Settlement, unless you timely request to be excluded. The Class consists of:

All persons or entities who purchased or Aegean Marine Network, Inc. Securities, during the period beginning February 27, 2014 through November 5, 2018, your rights may be impacted and you may be entitled to payment from two class action settlements totalling $29.8 Million, except for certain persons and entities who are excluded from the Class by definition (see question 1 of the Notice) or who request exclusion pursuant to the instructions set forth in the Notice (see question 12 of the Notice).

Please read the Notice to fully understand your rights and options. Copies of the Notice and Claim Form can be found on the menu at the left of this page.

Payments to eligible claimants will be made only if the Court approves the Settlement and a plan of allocation, and only after any appeals are resolved, and after the completion of all claims processing. Please be patient, as this process will take some time to complete.


IMPORTANT DATES
October 22, 2022 Claim Filing Deadline. Claim Forms must be postmarked (if mailed), or online no later than October 22, 2022 to be eligible for a payment from the Settlement.
August 23, 2022 Exclusion Deadline. To exclude yourself from the Class, you must submit a written request for exclusion so that it is received no later than August 23, 2022, in accordance with the instructions in the Notice.
August 23, 2022 Objection Deadline. Any objections to the proposed Settlement, the proposed Plan of Allocation, the application by Lead Counsel for an award of fees and reimbursement of expenses, or the application for an award to Plaintiff must be received no later than August 23, 2022 in accordance with the instructions in the Notice.
September 13, 2022 The Settlement Hearing. The Settlement Hearing will be held via teleconference on September 13, 2022, at 2:00 p.m., before the Honorable Naomi Reice Buchwald, at the United States District Court for the Southern District of New York. The dial-in will be posted to the docket in advance of the hearing. The Settlement Hearing will be held by the Court to consider whether the proposed Settlement of the Action on the terms and conditions provided in the Stipulation is fair, reasonable, and adequate and should be approved by the Court.

Please read the Notice carefully. If you have questions, you may call the Aegean Securities Litigation Settlement Help Line at 1-877-888-9760 or email info@AegeanSecuritiesLitigation.com.