SOURCE: Goldfarb Branham LLP

August 16, 2011 14:55 ET

Goldfarb Branham Law Firm LLP Announces Class Action Lawsuit Against Miller Energy Resources, Inc.

Goldfarb Branham LLP announced that a class action lawsuit alleging violation of shareholder protection laws by Miller Energy Resources, Inc. (NYSE: MILL) was filed in the Eastern District of Tennessee. The lawsuit alleges that the stock was damaged due to a potential restatement of earnings by the company and suspect overvaluation of certain assets by over 1,000 percent. Concerned Miller Energy investors should contact Hamilton Lindley at 877-583-2855 or hlindley@goldfarbbranham.com about their rights and remedies.

"A report was recently released questioning several financial firms' relationship with Miller Energy, suggesting that the company relied on a highly suspect overvaluation of its Alaskan oil assets," said shareholder lawyer Hamilton Lindley. "The Audit Committee of the Miller Energy Board announced that the company's previously issued financial statements for the first, second, and third quarters of fiscal year 2011, should not be relied upon and have since been restated. Our proposed lawsuit seeks to restore investor confidence in Miller Energy and make it perform in the best interests of the true owners of the company, its shareholders."

Goldfarb Branham LLP lawyers have significant experience representing shareholders and whistleblowers in securities lawsuits nationwide. Miller Energy investors -- or anyone with knowledge about these issues at Miller Energy -- should contact lawyer Hamilton Lindley at hlindley@goldfarbbranham.com or 877-583-2855.