NEW YORK, Sept. 17, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Shilo Industries Inc. ("Shilo Industries" or the "Company") (NasdaqGS: SHLO). Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at [email protected] or 212-697-6484.
The investigation concerns whether Shilo Industries and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.
On September 9, 2015, Shiloh Industries disclosed that it would be unable to timely file its quarterly report for the period ended July 31, 2015, "because of an ongoing internal investigation into the accounting for certain costs at the Company's facility in Wellington, Ohio." Shiloh Industries further disclosed that the Audit Committee commenced a formal investigation "to assess the nature and extent of any misstatements, and their potential effect on previously issued financial statements and management's internal control over financial reporting."
Following this news, shares of Shiloh Industries fell $1.84, or 16.74%, to close at $9.15 on September 10, 2015.
If you are aware of any facts relating to this investigation, or purchased shares of Shilo Industries, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.
Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
SOURCE Bronstein, Gewirtz & Grossman, LLC