Miller Energy Resources, Inc. : 10.75% Series C Cumulative Preferred Stock and 10.5% Series D Fixed Rate/Floating Rate Cumulative Redeemable Preferred Stock Securities Litigation
On or around 03/31/2020 (Date of last review)
Filing Date: December 09, 2015
According to the Complaint, on or about the date of each of the Offerings, Defendants priced the Offerings and filed the final Prospectuses for those Offerings, which formed part of the Registration Statement pursuant to which Miller sold the preferred shares to the public.
The Complaint alleges the Registration Statement and the final Prospectuses were negligently prepared and, as a result, contained untrue statements of material facts or omitted to state other facts necessary to make the statements made not misleading and were not prepared in accordance with the rules and regulations governing their preparation.
The Court appointed Lead Plaintiff and Counsel on December 27, 2016. A consolidated Complaint was filed on January 5, 2017.
On June 1, 2018, Plaintiffs filed a Motion to Remand. On December 6, 2019, the Court issued an Order granting in part and denying in part Plaintiffs' Motion to Remand. The actions that were originally filed in state court were remanded to state court. The action that was originally filed in federal court continues.
On March 31, 2020, the Court issued an Order dismissing the case without prejudice.
Company & Securities Information
Defendant: Miller Energy Resources, Inc.
Industry: Oil & Gas - Integrated
Headquarters: United States
Ticker Symbol: MILL
Company Market: New York SE
Market Status: Public (Listed)
About the Company & Securities Data
"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.
In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
First Identified Complaint
Kenneth Gaynor , et al. v. Miller Energy Resources, Inc., et al.