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6th Circ. Nixes Miller Energy Investor Suit Over Oil Assets

By Kurt Orzeck (September 19, 2013, 6:08 PM EDT) -- The Sixth Circuit on Thursday tossed a derivative suit accusing Miller Energy Resources Inc. of overvaluing assets it bought for $2.25 million during a rival company's Chapter 11 proceeding, ruling the shareholder failed to demand that the Tennessee oil and natural gas company's board take corrective action....

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