March 23, 2017 (Shareholders Foundation) - An investigation on behalf of investors of American Midstream Partners LP (NYSE:AMID) shares over potential securities laws violations by American Midstream Partners LP and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of American Midstream Partners LP (NYSE:AMID) concerning 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.

American Midstream Partners LP reported that its annual Total Revenue declined from $308.40 million in 2014 to $236.36 million in 2015 and that its Net Loss increased from $98.01 million in 2014 to $127.48 million in 2015.

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 Partnerships 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.