The Wagner Firm Announces the Filing of a Securities Class Action on Behalf of Shiloh Industries, Inc. Investors
2015年11月14日 - 1:05AM
ビジネスワイヤ(英語)
The Wagner Firm announces that a class action has been filed on
behalf of investors of Shiloh Industries, Inc. (“Shiloh” or the
“Company”) (Nasdaq: SHLO) on the open market between March 9, 2015
and September 14, 2015, inclusive (the “Class Period”). Investors
that have suffered a loss on their Shiloh securities holdings are
encouraged to contact Avi Wagner, Esq. to discuss their legal
rights prior to the November 27, 2015 lead plaintiff
deadline.
Shiloh manufactures and distributes lightweighting, 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.
If you purchased shares of Shiloh, if you have
information or would like to learn more about these claims, or if
you wish to discuss these matters or have any questions concerning
this announcement or your rights or interests with respect to these
matters, please contact Avi Wagner, Esquire, of The Wagner Firm,
1925 Century Park East, Suite 2100, Los Angeles, California 90067,
at (310) 491-7949, by e-mail at info@thewagnerfirm.com, or
visit our website at http://thewagnerfirm.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/20151113005582/en/
The Wagner FirmLos Angeles, CAAvi Wagner, (310)
491-7949info@thewagnerfirm.comwww.thewagnerfirm.com
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