SHLO Investor Deadline Alert: Law Offices of Howard G. Smith Reminds Shiloh Industries, Inc. Investors Of Upcoming Lead Plain...
2015年11月10日 - 3:46AM
ビジネスワイヤ(英語)
Law Offices of Howard G. Smith reminds investors of the upcoming
November 20, 2015 deadline to file a lead plaintiff motion
in the class action filed on behalf of a class (the “Class”) of
investors who purchased Shiloh Industries, Inc. (“Shiloh ” or the
“Company”) (NYSE:SHLO) securities between March 9, 2015 and
September 14, 2015 inclusive (the “Class Period”). Investors who
suffered losses on their investment in Shiloh securities are
encouraged to contact the Law Offices of Howard G. Smith to discuss
their legal rights.
Shiloh manufactures and distributes light weighting, noise and
vibration solutions to automotive, commercial vehicle and other
industrial markets.
The Complaint alleges that throughout the Class Period,
Defendants made false and/or misleading statements and/or failed to
disclose that : (1) that the Company had underreported the cost
related to its manufacturing of products; (2) that the Company
engaged in irregular accounting practices related to surcharges
assessed on steel at the Company’s facility in Wellington, Ohio;
(3) that, as a result, the Company’s earnings and income were
overstated; (4) the Company lacked adequate internal controls over
financial reporting; and (5) that, 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. Upon disclosure of these issues the Company’s securities
declined sharply in value, thereby damaging investors. The pending
lawsuit is seeking to recover losses suffered by Shiloh
investors.
If you purchased shares of Shiloh during the Class Period you
may move the Court no later than November 20, 2015 to ask
the Court to appoint you as lead plaintiff if you meet certain
legal requirements. To be a member of the Class you need not take
any action at this time; you may retain counsel of your choice or
take no action and remain an absent member of the Class. If you
wish to learn more about this action, or if you have any questions
concerning this announcement or your rights or interests with
respect to these matters, please contact Howard G. Smith, Esquire,
of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112,
Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847,
toll-free at (888) 638-4847, or by email to
howardsmith@howardsmithlaw.com, or visit our website at
http://www.howardsmithlaw.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: http://www.businesswire.com/news/home/20151109006399/en/
Law Offices of Howard G. SmithHoward G. Smith,
Esquire215-638-4847888-638-4847howardsmith@howardsmithlaw.comwww.howardsmithlaw.com
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