NEW YORK, April 11, 2016 /PRNewswire/ -- The Law Offices of
Vincent Wong announce that a class
action lawsuit has been commenced in the USDC for the District of
Connecticut on behalf of investors
who purchased Teekay Corporation (NYSE: TK) securities between
June 30, 2015 and December 17, 2015.
Click here to learn about the case:
http://www.wongesq.com/pslra/teekay-corporation. There is no
cost or obligation to you.
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 Vincent Wong,
Esq. either via email vw@wongesq.com, by telephone at
212.425.1140, or visit
http://www.wongesq.com/pslra/teekay-corporation.
Vincent Wong, Esq. is an
experienced attorney that has represented investors in securities
litigations involving financial fraud and violations of shareholder
rights. Attorney advertising. Prior results do not guarantee
similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
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SOURCE The Law Offices of Vincent
Wong