SECURITIES ALERT: Rosen Law Firm Files Securities Class Action Lawsuit Against Shiloh Industries Inc. - SHLO
2015年9月23日 - 1:14AM
ビジネスワイヤ(英語)
Rosen Law Firm, a global investor rights law firm, announces
that it has filed a class action lawsuit on behalf of purchasers of
Shiloh Industries Inc. (NASDAQ: SHLO) securities from March 9, 2015
through September 14, 2015, all dates inclusive (the “Class
Period”). The lawsuit seeks to recover damages for Shiloh investors
under the federal securities laws.
To join the Shiloh class action, go to the firm’s website at
http://www.rosenlegal.com/cases-714.html or call Phillip Kim, Esq.
or Kevin Chan, Esq. toll-free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A
CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU
RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO
NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period defendants
issued materially false and misleading statements to investors
and/or failed to disclose that: (1) Shiloh had underreported the
cost related to its manufacturing of products; (2) Shiloh engaged
in irregular accounting practices related to surcharges assessed on
steel at its facility in Wellington, Ohio; (3) as a result,
Shiloh’s earnings and income were overstated; (4) Shiloh lacked
adequate internal controls over financial reporting; and (5) as a
result of the foregoing, Defendants’ statements about Shiloh’s
business, operations, and prospects, were false and misleading
and/or lacked a reasonable basis. When the true details entered the
market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to
serve as lead plaintiff, you must move the Court no later than
November 20, 2015. A lead plaintiff is a representative party
acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, go to the firm’s
website at http://www.rosenlegal.com/cases-714.html or to discuss
your rights or interests regarding this class action, please
contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm
toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and
shareholder derivative litigation.
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version on businesswire.com: http://www.businesswire.com/news/home/20150922006201/en/
The Rosen Law Firm, P.A.Laurence Rosen, Esq.Phillip Kim,
Esq.Kevin Chan, Esq.275 Madison Avenue, 34th FloorNew York, NY
10016Tel: (212) 686-1060Toll Free: (866) 767-3653Fax: (212)
202-3827lrosen@rosenlegal.compkim@rosenlegal.comkchan@rosenlegal.comwww.rosenlegal.com
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