The law firm of Federman & Sherwood has initiated an investigation into Miller Energy Resources, Inc. (NYSE: MILL) ("Miller") with respect to possible breaches of fiduciary duty by the company's officers and directors and violations of federal securities laws.
Federman & Sherwood is investigating whether the company's officers and directors made false statements and disclosures to the investing public which may have damaged the company's stock value and reputation. According to a research report issued July 28, 2011, multiple questions were raised regarding Miller's reliance upon several financial firms' possible overvaluation of its Alaskan oil assets. On August 1, 2011, the Audit Committee of Miller announced that some of the company's previous financial statements for the first three quarters of fiscal year 2011 should not be relied upon and must be restated. As this news became public, Miller's stock prices dropped to $3.95 per share.
If you currently own common stock in Miller Energy Resources, Inc., have information to assist in our investigation, or have any questions or concerns regarding this notice or preservation of your rights, please contact William B. Federman. Federman & Sherwood has extensive experience representing investors in securities, derivative and merger-related shareholder class actions in state and federal courts nationwide.
Contacts:
Federman & Sherwood
William B. Federman, 405-235-1560
wbf@federmanlaw.com
