NEW YORK, Oct. 29, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a securities class action has been filed in the United States District Court for the Southern District of New York on behalf of those who purchased shares of Shiloh Industries, Inc. ("Shiloh" or the "Company") (NasdaqGS: SHLO), during the period between March 9, 2015 and September 14, 2015 inclusive. (the "Class Period").
The Complaint alleges that throughout the Class Period, Defendants made false and/or misleading statements, as well as failed to disclose material adverse facts about the Company's business, operations, and prospects. Specifically, Defendants issued materially false and misleading statements to investors 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 yet been certified in the above action. If you wish to review a copy of the Complaint, to discuss this action, or have any questions, please contact Peretz Bronstein, Esq. 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 and telephone number. If you suffered a loss in Shiloh you have until November 20, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn't require that you serve as a lead plaintiff.
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