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Miller Energy Investors Win Class Status in Suit Against KPMG

May 7, 2021, 7:51 PM

Consulting giant KPMG will face class action allegations from Miller Energy Resources Inc. investors who say audit failures let the oil and gas company overstate some asset values.

Judge Thomas Varlan of the U.S. District Court for the Eastern District of Tennessee agreed Friday with a magistrate judge’s recommendation to grant the investors’ motion for class certification and appointment of representatives and counsel.

The case now has two certified classes. The first covers people or entities that acquired common or Series C or D preferred stock between Aug. 29, 2011, and Oct. 1, 2015. The second class includes people or ...

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