Investigation Overview
Mar. 11, 2013 (Shareholders Foundation) -- An investigation on behalf of investors in shares of Stillwater Mining Company (NYSE:SWC) was announced concerning whether certain Stillwater Mining officers and directors possibly breached their fiduciary duties in connection with certain statements.
The investigation by a law firm concerns, among other things, whether certain Stillwater Mining Company officers and directors breached their fiduciary duties and caused damage to the company and its shareholders by failing to implement adequate internal controls.
Stillwater Mining Company (NYSE:SWC) reported that its annual Total Revenue declined from $905.97 million in 2011 to $800.24 million in 2012 and that its Net Income fell from $144.29 million in 2011 to $55.05 million in 2012.
Shares of Stillwater Mining Company (NYSE:SWC) traded in 2011 as high as $25.1 per share and reached in 2012 as high as $14.89 per share.
On March 11, 2013, NYSE:SWC shares closed at $13.01 per share.