NEW YORK, Oct. 08, 2015 (GLOBE NEWSWIRE) — The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of Shiloh Industries Inc. (“Shiloh”) (NASDAQ:SHLO) between March 9, 2015 and September 14, 2015.
You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Southern District of New York. If you purchased or otherwise acquired Shiloh securities between March 9, 2015 and September 14, 2015, your rights may be affected by this action. To get more information go to:
or contact Joseph E. Levi, Esq. either via email at email@example.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that Shiloh issued materially false and misleading statements and/or failed to disclose that: (a) the Company had underreported the cost related to its manufacturing of products; (b) the Company engaged in irregular accounting practices related to surcharges assessed on steel at its facility in Wellington, Ohio; (c) as a result, the Company’s earnings and income were overstated; and (d) the Company lacked adequate internal controls over financial reporting.
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.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT: Levi & Korsinsky, LLP Joseph E. Levi, Esq. 30 Broad Street - 24th Floor New York, NY 10004 Tel: (212) 363-7500 Toll Free: (877) 363-5972 Fax: (212) 363-7171 www.zlk.com