Bernstein Liebhard LLP Investigating Miller Energy Resources, Inc.
August 5, 2011
Bernstein Liebhard LLP is investigating whether wrongdoing occurred at Miller Energy Resources, Inc. (“Miller” or the “Company”) (NYSE: MILL), including whether the Company made false statements to the investing public.
Miller recently announced that it would restate its July 29, 2011 annual report and that it had also restated its financial results for the quarters ended January 31, 2011, October 31, 2010 and July 31, 2010. Following this news, Miller’s stock dropped $0.46 from a close of $4.41 on July 29, 2011 to a close of $3.95 on August 1, 2011.
The restatement announcements came on the heels of a July 28, 2011 research report that raised serious questions about Miller’s relationship with several financial firms and highlighted potential accounting problems. News of the report sent Miller’s stock price down $1.64, from a close of $7.04 on July 27, 2011 to a close of $5.40 on July 28, 2011.
If you are interested in discussing your rights as a Miller shareholder and/or have information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or email@example.com.
Bernstein Liebhard has pursued hundreds of securities, consumer, and antitrust cases and recovered almost $3 billion for its clients. It has been named to The National Law Journal’s “Plaintiffs’ Hot List” in each of the last eight years.