Shiloh Industries, Inc.

Robbins Arroyo LLP Is Investigating the Officers and Directors of Shiloh Industries, Inc. (SHLO) on Behalf of Shareholders

Robbins Arroyo LLP is investigating whether certain officers and directors of Shiloh Industries, Inc. (NASDAQGS: SHLO) violated federal securities laws in connection with the company’s recent delays in filing its quarterly report. Shiloh, together with its subsidiaries, supplies light weighting, as well as noise, vibration, and harshness solutions to automotive, commercial vehicle, and other industrial markets in Europe, Mexico, and the United States.

Shiloh Misses U.S. Securities and Exchange Commission Filing Deadline

On September 9, 2015, Shiloh disclosed that it would be unable to timely file its Form 10-Q for the period ended July 31, 2015, due to an ongoing internal investigation into the company’s accounting for certain costs at its facility in Wellington, Ohio. The company stated that the investigation is to evaluate the potential effect of accounting irregularities on Shiloh’s previously issued financial statements and management’s internal control over financial reporting. Shiloh further stated that it expects the aggregate impact on the company’s net income to be between $2.2 and $2.5 million. The company’s stock has dropped sharply since the September 9 announcement that it missed the filing deadline. That day, Shiloh stock was trading as high as $11.05 per share, and is currently trading around $8.64 per share on September 15, 2015.

In light of this news, Robbins Arroyo LLP’s investigation focuses on whether Shiloh and/or its officers breached their fiduciary duties shareholders, grossly mismanaged the company, or committed abuses of control in connection with the foregoing.

Shiloh Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can contact attorney Darnell R. Donahue at (800) 350-6003, or you can complete the form below and we will contact you directly.

 

Shareholder Information

Items marked with an asterisk (*) are required information.

First Name * Last Name *
Address City State/Province *
ZIP/Postal Code Country/Region Phone *
E-mail * Confirm: E-mail *

Shares Purchased:
Number of Shares: Buy Date : Price Per Share:
example: 125 example: MM/DD/YYYY example: 30.00
transaction:
transaction:
transaction:
transaction:
transaction:
If you have additional transactions or comments, please input the information below:

Shares Sold:
Number of Shares: Sell Date : Price Per Share:
example: 125 example: MM/DD/YYYY example: 30.00
transaction:
transaction:
transaction:
transaction:
transaction:
If you have additional transactions or comments, please input the information below:

Please Note: Neither the submission to nor the receipt of information by Robbins Arroyo LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

* I have read the disclaimer information
+=

    Send This Post

    Tags: