Thieler Law Corp advises investors with losses exceeding $100,000 of the November 20, 2015 lead plaintiff deadline in a class action lawsuit filed against Shiloh Industries Inc (NASDAQ: SHLO) (“Shiloh” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who Shiloh securities between March 9, 2015 and September 14, 2015, have until November 20, 2015 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Shiloh securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 866-6157 or emailing mail@thielerlaw.com .  No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that the Company had failed to fully report the cost related to its manufacturing of products and that Shiloh engaged in alternative accounting practices related to surcharges assessed on steel at the Company’s facility in Wellington, Ohio. The plaintiff further alleges that due to a lack of these disclosures, as a result, the Company’s earnings and income were overstated, that the Company didn’t have sufficient internal controls over financial reporting and  that, 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 during the times specified in the complaint.

Upon disclosure of these issues NASDAQ: SHLO dropped $1.84 per share, or 17%, to close on September 10, 2015 at $9.15 per share.

If you were negatively impacted by your investment in Shiloh securities between March 9, 2015 and September 14, 2015 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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