NEW YORK, March 20, 2017 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of American Midstream Partners ("American Midstream" or the "Company") (NYSE: AMID). Such investors are encouraged to obtain additional information and assist the investigation by visiting the firm's site: www.bgandg.com/amid.
The investigation concerns whether American Midstream and certain of its officers and/or directors have complied with federal securities laws.
On March 17, 2017, after-market hours, American Midstream revealed that it would delay filing its annual report for year ended December 31, 2016 and said that it expects to report a material weakness in its internal control over financial reporting. American Midstream also said, in relevant part: "The material weakness relates to the lack of a sufficient compliment of resources with an appropriate level of accounting knowledge, expertise and training commensurate with the Partnership's financial reporting requirements to ensure that complex, non-routine transactions are properly recorded in its financial statements. This control deficiency resulted in out of period adjustments being recorded to the Partnership's consolidated statement of operations for the fourth quarter of 2016, as well as revisions to correct classification errors in its consolidated balance sheet as of December 31, 2015, and its consolidated statement of cash flows for the year ended December 31, 2015." Following this news, American Mainstream stock has dropped as much as $0.67, or 4.38%, during intraday trading on March 20, 2017.
If you are aware of any facts relating to this investigation, or purchased shares of American Midstream, you can assist this investigation by visiting the firm's site: www.bgandg.com/amid. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC: 212-697-6484.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | info@bgandg.com
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/shareholder-alert-bronstein-gewirtz--grossman-llc-announces-investigation-of-american-midstream-partners-amid-300426237.html
SOURCE Bronstein, Gewirtz & Grossman, LLC
