The complaint alleges that officers and directors of Shiloh Industries, Inc. violated the Securities Exchange Act of 1934 between , by making materially false and misleading statements about Shiloh's business prospects. 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 According to the complaint, Shiloh officials failed to disclose that the company underreported the cost related to its manufacturing of products and that it engaged in irregular accounting practices related to surcharges assessed on steel at its facility in , Ohio.