NEW YORK, July 7, 2015 /PRNewswire/ -- Bernstein
Liebhard LLP today announced that it is investigating possible
claims against Silver Wheaton Corp. ("Silver Wheaton" or the
"Company") (NYSE:SLW). The investigation concerns whether Silver
Wheaton and certain of its officers and/or directors have violated
Sections 10(b) and 20(a) of the Securities Exchange Act of
1934.
Silver Wheaton is the world's largest precious metals streaming
company.
On July 7, 2015, the Company
announced that Canadian tax authorities plan to "reassess Silver
Wheaton under various rules" in the country's tax law, contending
that the company's reported income from its foreign subsidiaries
should have been $567 million higher
for the years 2005 through 2010. If additional taxes are
assessed on Silver Wheaton, the company believes it will have to
pay approximately $150 million in
taxes and another $57 million in
penalties.
In reaction to this news, Silver Wheaton's stock price declined
$2.08 per share, or more than 11.8%
on July 7, 2015.
If you lost money in Silver Wheaton, or are interested in
discussing your rights as a Silver Wheaton shareholder and/or have
information relating to the matter, please contact Joseph R. Seidman, Jr. at (877) 779-1414 or
seidman@bernlieb.com.
Bernstein Liebhard LLP has pursued hundreds of securities,
consumer and shareholder rights cases and recovered over
$3 billion for its clients. The
National Law Journal has recognized Bernstein Liebhard for
twelve consecutive years as one of the top plaintiffs' firms in the
country.
Bernstein Liebhard LLP
10 East 40th Street
New York, New York 10016
(877) 779-1414
www.bernlieb.com
ATTORNEY ADVERTISING. © 2015 Bernstein Liebhard LLP. The law
firm responsible for this advertisement is Bernstein Liebhard LLP,
10 East 40th Street, New York, New
York 10016, (212) 779-1414. The lawyer responsible for this
advertisement in the State of
Connecticut is Michael S. Bigin. Prior results do not
guarantee or predict a similar outcome with respect to any future
matter.
Contact Information
Joseph R. Seidman, Jr.
Bernstein Liebhard LLP
http://www.bernlieb.com
(212) 779-1414
seidman@bernlieb.com
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SOURCE Bernstein Liebhard LLP