Silver Wheaton Corp. investors may receive additional information about the case by clicking the link "Join this Class Action" above.
Silver Wheaton Corp. operates as a precious metals streaming company worldwide.
The Complaint alleges that throughout the Class Period, defendants issued materially false and misleading statements to investors and/or failed to disclose that: (1) Silver Wheaton’s financial statements contained errors concerning income tax owed from the income generated by its foreign subsidiaries; (2) Silver Wheaton lacked adequate internal controls over its financial reporting; and (3) as a result of the foregoing, Silver Wheaton’s financial statements were materially false and misleading at all relevant times.
On July 6, 2015, Silver Wheaton announced that it had received a proposal letter from the Canada Revenue Agency which indicated Silver Wheaton’s tax in Canada should be increased for the 2005 to 2010 period, by approximately Cdn$715 million (US$567 million).
On this news, the Company’s shares fell $2.08 per share or approximately 12% to close at $15.46 per share on July 7, 2015, thereby damaging investors.
If you are a member of the class described above, you may no later than September 8, 2015, move the Court to serve as lead plaintiff of the class, if you so choose.
A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. Any member of the purported class may move the court to serve as a lead plaintiff through counsel of their choice, or may choose to do nothing and remain an inactive class member.
Kessler Topaz Meltzer & Check, LLP has not filed a complaint in this matter. If you wish to discuss this action or have any questions concerning this notice or your rights or interests with respect to these matters, please contact Kessler Topaz Meltzer & Check, LLP.
CONTACT:
Kessler Topaz Meltzer & Check, LLP
James Maro, Esq.
Adrienne Bell, Esq.
280 King of Prussia Road
Radnor, PA 19087
1-888-299-7706 (toll free) or 1-610-667-7706