Miller Energy Resources Fraud Lawsuit
Miller Energy Resources, Inc. (NYSE: MILL) is being investigated for accounting and related fraud. The company may have issued materially false and/or misleading statements regarding the Company’s business operations and financial condition. We are interested in speaking to Shareholders of Miller Energy who are concerned about these reports.
What is Going on:
On August 1, 2011, Miller Energy admitted that some of its financial statements for 2011 during the first, second, and third fiscal quarters could not be relied upon. The company has had to revise it financial statements. Miller Energy stock declined more than 10 percent after they admitted to these errors.
Further details about alleged fraud :
(1) A July 28, 2011 research report raised serious questions about Miller Energy's accounting and its relationship with several financial firms.
(2) Miller Energy announced that it will restate its annual report and that had restated its financial results for the quarters ended January 31, 2011, October 31, 2010 and July 31, 2010.
(3) Miller Energy admitted that it filed its 2011 Form 10-K with the SEC before the accounting form KPMG reviewed the Company’s annual report.
Shareholder? Call us now.
If you are a shareholder of any amount of MILL please call Attorney Bill Kyros at 1-800-934-2921 to discuss your rights.
Kyros Law is a Boston-based law firm with significant experience representing investors in merger-related shareholder class actions, shareholder derivative actions, and securities fraud class actions. For info about our law firm please our Kyros Law web site. see also our Merger Lawsuit Page.
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