Vertex Energy, Inc.
(NASDAQ CM: VTNR)
Rigrodsky Law, P.A. is investigating potential claims against the officers and directors of Vertex Energy, Inc. ("Vertex Energy" or the "Company") on behalf of stockholders. A class action complaint has been filed against Vertex Energy. The complaint alleges that, immediately prior to the Company's acquisition of an oil refinery located in Mobile, Alabama, defendants had entered into, or were a party to, a series of transactions that dramatically capped the new plant's profitability and would lead to significant losses immediately following the acquisition. These transactions, which in some instances were required pursuant to the financing arrangements Vertex Energy had entered into, resulted in over $125 million in losses.