The Former Attorney General of Louisiana & Kahn Swick & Foti, LLC Remind Large Investors of Lead Plaintiff Deadline in Class ...
April 01 2016 - 10:03PM
Business Wire
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former
Attorney General of Louisiana, Charles C. Foti, Jr., remind
investors that they have until May 2, 2016 to file lead
plaintiff applications in a securities class action lawsuit against
Teekay Corporation (NYSE: TK), if they purchased the Company’s
securities between June 30, 2015 and December 17, 2015, inclusive
(the “Class Period”). This action is pending in the United States
District Court for the District of Connecticut.
What You May Do
If you purchased shares of Teekay and would like to discuss your
legal rights and how this case might affect you and your right to
recover for your economic loss, you may, without obligation or cost
to you, call toll-free at 1-877-515-1850 or email KSF Managing
Partner Lewis Kahn (lewis.kahn@ksfcounsel.com). If you wish to serve
as a lead plaintiff in this class action, you must petition the
Court by May 2, 2016.
About the Lawsuit
Teekay and certain of its executives are charged with failing to
disclose material information during the Class Period, violating
federal securities laws.
On December 16, 2015, Teekay disclosed that its “Board of
Directors has approved a plan to reduce the Company’s quarterly
dividend to $0.055 per share, down from $0.55 per share in the
third quarter of 2015, commencing with the fourth quarter of 2015
dividend payable in February 2016.”
On this news, the price of Teekay’s shares plummeted by 58%.
About Kahn Swick & Foti, LLC
KSF, whose partners include the Former Louisiana Attorney
General Charles C. Foti, Jr., is a law firm focused on securities,
antitrust and consumer class actions, along with merger &
acquisition and breach of fiduciary litigation against publicly
traded companies on behalf of shareholders. The firm has offices in
New York, California and Louisiana.
To learn more about KSF, you may visit www.ksfcounsel.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20160401005016/en/
Kahn Swick & Foti, LLCLewis Kahn, 1-877-515-1850Managing
Partnerlewis.kahn@ksfcounsel.com
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