Thieler Law Corp, member of the Investor Attorney Network, is investigating whether certain officers and directors of Shiloh Industries Inc (NASDAQ: SHLO) violated securities laws in connection with certain financial statements.

The investigation seeks to discover if possible claims on behalf of purchasers of the securities of Shiloh Industries Inc (NASDAQ: SHLO) concerning whether a series of statements by Shiloh Industries Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On September 9, 2015, the Company announced that it would not be filing its quarterly report in a timely manner 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  also disclosed an audit committee 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.” After the release of this news NASDAQ: SHLO  stock declined $1.84 per share, or 17%, to close on September 10, 2015 at $9.15 per share.

Based in Valley City, OH and founded in 1950, Shiloh Industries Inc offers lightweighting, noise and vibration solutions to automotive, commercial vehicle and other industrial markets through its various products. It serves the markets of Europe, Mexico, and the United States.

If you purchased shares of Shiloh Industries Inc (NASDAQ: SHLO) on or before September 9, 2015, you should contact Thieler Law Corp at mail@thielerlaw.com or call +1 (619) 377 - 4324.

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