- Marketwired•last year
Miller Energy Announces Preliminary Agreement With Second Lien Lenders and Files for Reorganization Under Chapter 11 of the U.S. Bankruptcy Code
Miller Energy Resources, Inc. announced today that it and certain of its subsidiaries have filed voluntary petitions for reorganization under Chapter 11 of the United...
- Marketwired•2 years ago
Miller Energy Resources, Inc. today announced that it has received notice from the Securities and Exchange Commission that the Commission has filed a public administrative...
- Reuters•2 years ago
The U.S. Securities and Exchange Commission on Thursday charged Miller Energy Resources Inc and two executives with accounting fraud for overstating the value of Alaskan oil and gas properties that the company bought in 2009 by more than $400 million. In charging Miller, former Chief Financial Officer Paul Boyd and current Chief Operating Officer David Hall, the SEC said the inflated value helped the Knoxville, Tennessee-based company transform itself from a penny stock into a New York Stock Exchange-listed company valued in 2013 at $393 million. The SEC said Miller valued the oil and gas properties on its books at $480 million in early 2010, despite having acquired them for just $2.25 million in cash, plus the assumption of $2 million of liabilities, in a December 2009 bankruptcy auction.
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