REID COLLINS FILES $300 MILLION LAWSUIT AGAINST FORMER OFFICERS AND DIRECTORS OF AEGEAN MARINE PETROLEUM NETWORK
On September 12, 2019, Reid Collins filed suit in the U.S. District Court for the Southern District of New York against former officers and directors of Aegean Marine Petroleum Network, Inc. (“Aegean”) on behalf of the Aegean Litigation Trust. The suit alleges breach of fiduciary claims against Aegean’s former officers and directors arising out of the gross negligence and bad faith of those officers and directors in allowing Aegean’s former CEO Dimitris Melisanidis to plunder more than $300 million from Aegean, ultimately leading to Aegean’s financial destruction.
Read complaint here.
Prior results do not guarantee a similar outcome.