KNOXVILLE, Tenn.--(BUSINESS WIRE)--The law firm of Gordon Ball PLLC (http://www.gordonball.com) announces that it is has filed a class action lawsuit on behalf of persons who purchased Miller Energy Resources, Inc. (“Miller Energy”) (NYSE: MILL) common stock traceable to Miller Energy’s December 6, 2012 Registration Statement (the “Class Period”).
The case, Cosby, et al. v. Miller, et al., 3:16-cv-00121, is pending in the United States District Court for the Eastern District of Tennessee. The class action is brought against past and current Miller Energy board members and executives Deloy Miller, Scott M. Boruff, Paul W. Boyd, Charles M. Stivers, David M. Hall, Merrill A. McPeak, Jonathan S. Gross, David J. Voytlcky, Don A. Turkleson, Gerald Hannahs, Marceau N. Schlumberger, Bob G. Gower, Joseph T. Leary, William B. Richardson, Carl E. Giesler, Jr., A. Haag Sherman, and KPMG, LLP.
The Complaint alleges that the Individual Defendants violated Sections 11 and/or 15 of the Securities Exchange Act of 1934 by deceiving investors about Miller Energy’s financial condition, and/or by concealing adverse material information from investors about the value of purchased oil and gas assets in Alaska. The Complaint also alleges that KPMG, LLP violated Section 10(b) of the Securities and Exchange Act by deliberately or recklessly concealing Miller Energy’s financial position. When the truth was revealed to the investing public, shares dropped causing investors harm.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member. If you purchased or otherwise acquired common shares from Miller Energy traceable to Miller Energy’s September 6, 2012 Registration Statement, you may, no later than May 29, 2016, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. To be appointed lead plaintiff, the Court must decide that your claim is typical of the claims of other class members, and that you will adequately represent the class. Your ability to share in any recovery is not affected by the decision whether or not to serve as a lead plaintiff. You may retain Gordon Ball PLLC, or other attorneys, to serve as your counsel.
If you wish to discuss your rights, please contact Gordon Ball PLLC at (865) 525-7028. A copy of the complaint is available on our website (http://www.gordonball.com/complaint.pdf). To discuss this case with us, please contact:
This release may be considered Attorney Advertising in some jurisdictions under applicable ethical rules.