Silver Co. Agrees To $41.5M Settlement In Tax Dispute

Law360 (February 11, 2020, 6:58 PM EST) -- A Canadian silver firm accused of hiding a $207 million tax charge from investors who filed a class action against it has asked a California federal court to enter a $41.5 million settlement in the case, according to recent court documents.

Attorneys for the class members, who purchased stock from Silver Wheaton Corp. during the period when they say it concealed the tax charge, asked a California federal court Monday to approve the resolution.

“The proposed settlement grants the class a substantial recovery while avoiding the risks attendant with continued litigation,” class legal representative Laurence M. Rosen said in the court...

Stay ahead of the curve

In the legal profession, information is the key to success. You have to know what’s happening with clients, competitors, practice areas, and industries. Law360 provides the intelligence you need to remain an expert and beat the competition.

  • Access to case data within articles (numbers, filings, courts, nature of suit, and more.)
  • Access to attached documents such as briefs, petitions, complaints, decisions, motions, etc.
  • Create custom alerts for specific article and case topics and so much more!


Hello! I'm Law360's automated support bot.

How can I help you today?

For example, you can type:
  • I forgot my password
  • I took a free trial but didn't get a verification email
  • How do I sign up for a newsletter?
Ask a question!