LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC announces a class action lawsuit has been filed 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. Investors who purchased or otherwise acquired shares should contact the Firm before the November 30, 2015 lead plaintiff motion deadline.
According to the complaint, 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.
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