San Diego, CA -- (ReleaseWire) -- 01/16/2014 -- 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.
Investors who are current long term stockholders in Miller Energy Resources Inc (NYSE:MILL) shares, have certain options and should contact the Shareholders Foundation at mail(at)shareholdersfoundation.com or call +1(858) 779 - 1554.
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 January 14, 2014, NYSE:MILL shares closed at $7.36 per share.
Those who purchased shares of certain Miller Energy Resources have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
3111 Camino Del Rio North - Suite 423
92108 San Diego