The Rosen Law Firm Announces Investigation of
Miller Energy Resources, Inc.
August 02, 2011 11:04 AM Eastern Daylight Time
NEW YORK--(EON: Enhanced Online News)--The Rosen Law Firm, P.A. announces that it is investigating
potential securities fraud claims against Miller Energy Resources, Inc. (NYSE: MILL) (“Miller” or the “Company”)
resulting from allegations that the Company may have issued materially inaccurate financial statements to the investing
public between March 22, 2010 and August 1, 2011.
On March 22, 2010, Miller issued a quarterly report on Form 10-Q listing $493,244,733 in assets, an increase of
over $480,000,000 from its assets in the period ending April 30, 2009. The majority of the increase was attributed
to an acquisition by Miller of certain Alaskan Oil and Gas assets, which Miller valued at about $479,000,000. Miller
acquired these assets in a bankruptcy proceeding for approximately $4,470,000.
On July 28, 2011, analysts Melissa Davis and Janice Shell issued a report questioning the valuation. Citing a number
of sources, including interviews with industry experts, Shell and Davis stated that Miller and its officers and directors
had fraudulently overstated the value of the assets personally to profit from Miller's artificially elevated stock price.
On July 29, 2011, Miller filed its annual report on Form 10-K. On August 1, 2011, Miller stated that this document,
filed just three days earlier, should no longer be relied upon.
The Rosen Law Firm is preparing a securities class action lawsuit on behalf of Miller shareholders. If you purchased
Miller stock between March 22, 2010 and August 1, 2011, please visit the website at http://rosenlegal.com for more
information and to join the proposed class action. You may also contact Jonathan Horne, Esq. of The Rosen Law
Firm toll free at 866-767-3653 or via e-mail firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions
and shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
The Rosen Law Firm P.A.
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