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If you are a current long term stockholder in Miller Energy Resources Inc (NYSE:MILL) shares, you have certain options and you should contact the Shareholders Foundation, Inc.
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To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.
Investigation Overview
January 24, 2014 (Shareholders Foundation) - An investigation on behalf of investors in Miller Energy Resources Inc (NYSE:MILL) shares was announced over potential breaches of fiduciary duties by certain officers and directors at Miller Energy Resources.
The investigation by a law firm concerns whether certain Miller Energy Resources officers and directors breached their fiduciary duties and caused damage to the company and its shareholders through self-dealing, excessive compensation and misuse of corporate assets.
Miller Energy Resources Inc reported that its Total Revenue declined from $35.40 million for the 12 months period that ended on April 30, 2012 to $34.80 million for the 12 months period that ended on April 30, 2013 and that its respective Net Loss increased from $18.69 million to $20.42 million.
Shares of Miller Energy Resources Inc (NYSE:MILL) grew from $2.25 per share in August 2011 to as high as $8.83 per share on December 13, 2013.
On December 27, 2013, NYSE:MILL shares closed at $7.15 per share.
