Shareholders Foundation, Inc.

Investor Investigation of American Midstream Partners LP (NYSE:AMID) over Possible Violations of Securities Laws

An investigation for investors in American Midstream Partners LP (NYSE:AMID) shares over potential securities laws violations by American Midstream Partners LP was announced and NYSE:AMID stockholders should contact the Shareholders Foundation.

 

San Diego, CA -- (SBWIRE) -- 03/22/2017 -- An investigation on behalf of investors in American Midstream Partners LP units over potential securities laws violations by American Midstream Partners LP in connection certain financial statements was announced.

Investors who purchased shares of American Midstream Partners LP (NYSE:AMID), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on whether a series of statements by American Midstream Partners LP regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On March 17, 2017 American Midstream Partners LP filed a notice of late filing with the SEC disclosing that American Midstream Partners LP would not file its fiscal year 2016 annual report on time because it expects to report a material weakness in its internal control over financial reporting. American Midstream Partners LP further disclosed that the control deficiency resulted in out of period adjustments being recorded to the Partnership's consolidated statement of operations for the fourth quarter of 2016, and resulted in 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.

Shares of American Midstream Partners LP (NYSE:AMID) declined on March 20, 2017 to as low as $14.63 per share.

Those who purchased shares of American Midstream Partners LP have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com