Claims Administrator Angeion Group Announces Settlement In Re Miller Energy Resources Securities Litigation

PHILADELPHIA, Nov. 7, 2014 /PRNewswire/ -- Angeion Group today announced that a settlement has been reached in a class action lawsuit against Miller Energy Resources, Inc. ("Miller") in the United States District Court, Eastern District of Tennessee, Civil Action No. 3:22-cv-386-TAV-CS.

By Court Order, this Notice of (I) Proposed Settlement of Class Action, (II) Hearing on Proposed Settlement, and (III) Deadline to Submit Proofs of Claim ("Notice") is being given to all persons who purchased or otherwise acquired Miller Energy Resources, Inc. Common Stock between December 16, 2009 and August 8, 2011, inclusive ("the Class").

Pursuant to an Order of the United States District Court for the Eastern District of Tennessee, a hearing will be held on February 3, 2015, at 10:00 a.m., before the Honorable Thomas A. Varlan at the Howard A. Baker, Jr. United States Courthouse, 800 Market Street, Knoxville, TN  37902, for the purpose of determining (1) whether the proposed settlement of the claims in the Action for the principal amount of $2,950,000 for the Class should be approved by the Court as fair, just, reasonable, and adequate; (2) whether a Final Judgment and Order of Dismissal with prejudice should be entered by the Court dismissing the Action with prejudice; (3) whether the Plan of Allocation is fair, reasonable, and adequate and should be approved; and (4) whether the application of Class Counsel for the payment of attorneys' fees in the amount of 20.5%,  litigation expenses not to exceed $300,000 and Notice and Administration Expenses not to exceed $110,000  incurred in connection with the Actions should be approved.

If you purchased or acquired shares of Common Stock of Miller during the period from December 16, 2009 through August 8, 2011, inclusive, your rights may be affected by the settlement of this litigation.

You may obtain copies of a detailed Notice and a copy of the Proof of Claim and Release form by writing to Miller Energy Resources Securities Litigation Settlement, c/o Angeion Group, 1801 Market Street, Suite 660, Philadelphia, PA 19103, visiting the internet at www.millerenergysecuritiessettlement.com or calling the Claims Administrator at 1-800-586-3144.  Inquiries other than requests for the above-referenced documents may also be made to Class Counsel:  Daniel L. Berger, Esquire, Grant & Eisenhofer P.A., 485 Lexington Avenue, 29th Floor, New York, NY 10017.

If you are a Class Member, in order to share in the distribution of the Settlement Fund, you must submit a Proof of Claim and Release postmarked no later than March 6, 2015, establishing that you are entitled to recovery.  NOTE THAT NO CLAIMS LESS THAN $10.00 WILL BE PROCESSED OR PAID.

If you purchased or otherwise acquired Miller common stock and you desire to be excluded from the Class, you must submit a request for exclusion postmarked no later than January 20, 2015, in the manner and form explained in the detailed Notice referred to above.  All Class Members who do not timely and validly request exclusion from the Class will be bound by any judgment entered in the Action pursuant to the applicable Stipulation of Settlement.

Any objection to the Settlement must be mailed to each of the following recipients and postmarked no later than January 20, 2015. 

PLEASE DO NOT CONTACT THE COURT OR THE CLERK'S OFFICE REGARDING THIS NOTICE.

Contacts:
Miller Energy Resources Securities Litigation Settlement:
c/o Angeion Group
1801 Market Street, Suite 660
Philadelphia, PA 19103
800-586-3144

Class Counsel:
Grant & Eisenhofer P. A.
Daniel L. Berger, Esq.
485 Lexington Avenue, 29^th Floor
New York, NY  10017
646-722-8500

SOURCE Angeion Group

Related Links

http://www.angeiongroup.com