SHAREHOLDER ALERT: Pomerantz Law Firm Announces the Filing of a Class Action Against Shiloh Industries, Inc. and Certain Of...
2015年9月25日 - 12:11AM
Pomerantz LLP announces that a class action lawsuit has been filed
against Shiloh Industries, Inc. (“Shiloh” or the “Company”)
(NASDAQ:SHLO) and certain of its officers. The class
action, filed in United States District Court, Southern District of
New York, is on behalf of a class consisting of all persons or
entities who purchased Shiloh securities between March 9, 2015 and
September 14, 2015 inclusive (the “Class Period”). This class
action seeks to recover damages against Defendants for alleged
violations of the federal securities laws under the Securities
Exchange Act of 1934 (the “Exchange Act”).
If you are a shareholder who purchased Shiloh securities during
the Class Period, you have until November 20, 2015 to ask the Court
to appoint you as Lead Plaintiff for the class. A copy of the
Complaint can be obtained at www.pomerantzlaw.com. To
discuss this action, contact Robert S. Willoughby at
rswilloughby@pomlaw.com or 888.476.6529 (or 888.4-POMLAW), toll
free, ext. 9980. Those who inquire by e-mail are encouraged to
include their mailing address, telephone number, and number of
shares purchased.
Shiloh, together with its subsidiaries, supplies light
weighting, as well as noise, vibration, and harshness solutions to
automotive, commercial vehicle, and other industrial markets in
Europe, Mexico, and the United States. It produces body systems
components, such as shock towers, instrument panel/cross car beams,
torque boxes, tunnel supports, seat supports, seat back frames,
hinge pillars, lift gates, door inners, roof supports/roof panels,
dash panels, body sides, and B and C pillars; and chassis systems
components, including cross members, frame rails, axle carriers,
bearing caps, axle covers, axle housings, clutch housings, PTU
covers, axle tubes, rack and pinion housings, steering column
housings, knuckles, links, wheel hubs, calipers, master cylinders,
steering pumps, brake components, wheel blanks, and flanges.
The Complaint alleges that throughout the Class Period,
Defendants made false and/or misleading statements, as well as
failed to disclose material adverse facts about the Company’s
business, operations, and prospects. Specifically, 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.
The Pomerantz Firm, with offices in New York, Chicago, Florida,
and Los Angeles, is acknowledged as one of the premier firms in the
areas of corporate, securities, and antitrust class litigation.
Founded by the late Abraham L. Pomerantz, known as the dean of the
class action bar, the Pomerantz Firm pioneered the field of
securities class actions. Today, more than 70 years later, the
Pomerantz Firm continues in the tradition he established, fighting
for the rights of the victims of securities fraud, breaches of
fiduciary duty, and corporate misconduct. The Firm has recovered
numerous multimillion-dollar damages awards on behalf of class
members. See www.pomerantzlaw.com
Robert S. Willoughby
Pomerantz LLP
rswilloughby@pomlaw.com
Shiloh Industries (NASDAQ:SHLO)
過去 株価チャート
から 6 2024 まで 7 2024
Shiloh Industries (NASDAQ:SHLO)
過去 株価チャート
から 7 2023 まで 7 2024