MRO Magazine

SHLO Investor Deadline Alert: Law Offices of Howard G. Smith Reminds Shiloh Industries, Inc. Investors Of Upcoming Lead Plaintiff Deadline

By Business Wire News   



BENSALEM, Pa.

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.

Law Offices of Howard G. Smith
Howard G. Smith, Esquire
215-638-4847
888-638-4847
howardsmith@howardsmithlaw.com
www.howardsmithlaw.com

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