SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of Teekay Corp. of Class Action Lawsuit & a Lead Plaintiff Dea...
April 20 2016 - 1:04PM
Business Wire
The following statement is being issued by Levi & Korsinsky,
LLP:
To: All persons or entities who purchased or otherwise
acquired securities of Teekay Corporation (“Teekay” or the
“Company”) (NYSE:TK) between June 30, 2015
and December 17, 2015.
You are hereby notified that a securities class action
has been commenced in the USDC for the District of Connecticut. If
you purchased or otherwise acquired Teekay securities between June
30, 2015 and December 17, 2015, your rights may be affected by this
action. To get more information go to:
http://zlk.9nl.com/teekay-tk.
The complaint alleges that throughout the Class Period,
Defendants issued false and misleading statements to investors
and/or failed to disclose that: (1) Teekay’s repeated assurances
that it would maintain a quarterly dividend of at least $0.55 per
share were baseless; (2) Teekay knew, based on then-present facts,
that it could not support future dividend payments in excess of
$0.55 per share; and (3) the cash flows from Teekay’s master
limited partnerships – Teekay LNG Partners LP and Teekay Offshore
Partners LP – could not possibly sustain such high dividends.
If you suffered a loss in Teekay you have until May 2, 2016 to request that the Court appoint
you as lead plaintiff. Your ability to share in any recovery
doesn’t require that you serve as a lead plaintiff. To obtain
additional information, contact Joseph E. Levi, Esq. either via
email at jlevi@zlk.com or by telephone at (212) 363-7500,
toll-free: (877) 363-5972, or visit
http://zlk.9nl.com/teekay-tk.
Levi & Korsinsky is a national firm with offices in New
York, New Jersey, California, Connecticut, and Washington D.C. The
firm’s attorneys have extensive expertise and experience
representing investors in securities litigation involving financial
fraud, and have recovered hundreds of millions of dollars for
aggrieved shareholders. Attorney advertising. Prior results do not
guarantee similar outcomes.
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version on businesswire.com: http://www.businesswire.com/news/home/20160420006252/en/
Levi & Korsinsky, LLPEduard Korsinsky, Esq.Tel:
212-363-7500Toll Free: 877-363-5972Fax: 212-363-7171www.zlk.com
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