Scott + Scott, LLP Reminds Investors of Upcoming Deadline to File Lead Plaintiff Papers in Teekay Corporation (TK) Securities...
April 01 2016 - 3:40PM
Scott + Scott, Attorneys at Law, LLP, a global investor rights law
firm, reminds investors that May 2, 2016 is the last day to file
lead plaintiff papers in the securities lawsuit against Teekay
Corporation (NYSE:TK). Teekay investors are encouraged
to contact Scott + Scott at
(866) 326-5057 or
email gjohnson@scott-scott.com to discuss their legal rights.
About the Lawsuit
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.
What you can do
If you purchased shares of Teekay stock, you may
have legal claims against the Company. If you want to discuss
filing lead plaintiff papers, or have questions about your legal
rights, please contact Geoffrey M. Johnson, Esq. or Joseph
Halloran, Esq. by telephone at (866) 326-5057 or
by email at gjohnson@scott-scott.com or
jhalloran@scott-scott.com.
About Scott + Scott, Attorneys at Law,
LLP
Scott + Scott has significant experience
prosecuting major securities, antitrust, and employee retirement
plan actions throughout the United States. The firm has
offices in New York, London, Connecticut, California and Ohio.
Please visit www.scott-scott.com for more information about the
firm.
CONTACT:
Scott + Scott, Attorneys at Law, LLP
Geoffrey M. Johnson, Esq.
Joseph Halloran, Esq.
(216) 229-6088, toll-free (866) 326-5057
gjohnson@scott-scott.com
jhalloran@scott-scott.com
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