Lundin Law PC announces it is investigating claims against Shiloh Industries Inc. (“Shiloh” or the “Company”) (NASDAQ: SHLO) concerning possible violations of federal securities laws between March 9, 2015 and September 14, 2015. The investigation is related to allegations that certain statements issued by Shiloh were false and misleading concerning the Company’s financial performance.
To join this class action lawsuit, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via email at brian@lundinlawpc.com.
The investigation will focus on whether the Company made misleading statements 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.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.
View source version on businesswire.com: http://www.businesswire.com/news/home/20151105007060/en/
Contacts:
Brian Lundin, Esq.
Telephone: 888-713-1033
Facsimile:
888-713-1125
brian@lundinlaw.com
