NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of investors of Silver Wheaton Corp. (NYSE:SLW) resulting from allegations that Silver Wheaton Corp. may have issued materially misleading business information to the investing public.
On July 6, 2015, Silver Wheaton Corp. announced that Canadian tax authority—Canada Revenue Agency (the "CRA")—plans to reassess its earnings from foreign subsidiaries. The CRA contends that Silver Wheaton Corp.’s reported income from its foreign subsidiaries should have been $567 million higher for the years 2005 through 2010. Silver Wheaton believes it will have to pay approximately $150 million in taxes and another $57 million in penalties if additional taxes are assessed. On this adverse news, shares of Silver Wheaton Corp. fell sharply during intraday trading on July 7, 2015.
The Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Silver Wheaton investors. If you purchased shares of Silver Wheaton on or before July 6, 2015, please visit the firm’s website at http://rosenlegal.com/cases-662.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com or firstname.lastname@example.org.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
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