SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders With Losses on Their Investment in Shiloh Industries, Inc. of Cla...
2015年10月14日 - 5:06AM
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
CONTACT:
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