EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Teekay Corporation – TK
April 12 2016 - 1:45PM
Rosen Law Firm, a global investor rights law firm, announces the
filing of a class action lawsuit on behalf of purchasers of Teekay
Corporation securities (NYSE:TK) from June 30, 2015 through
December 17, 2015, both dates inclusive (the “Class Period”). The
lawsuit seeks to recover damages for Teekay investors under the
federal securities laws.
To join the Teekay class action, go to the firm’s
website at http://www.rosenlegal.com/cases-849.html or call Phillip
Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email
pkim@rosenlegal.com or kchan@rosenlegal.com for information on the
class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE
ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY
COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS
MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR
CHOICE.
According to the lawsuit, throughout the Class
Period, Defendants issued materially 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; (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; and (4) as a result, Teekay’s public statements
about the strength of its business and financial condition were
materially false and misleading and/or lacked a reasonable basis at
all relevant times. When the true details entered the market, the
lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed.
If you wish to serve as lead plaintiff, you must move the Court no
later than May 2, 2016. A lead plaintiff is a representative party
acting on behalf of other class members in directing the
litigation. If you wish to join the litigation, go to the firm’s
website at http://www.rosenlegal.com/cases-849.html or to discuss
your rights or interests regarding this class action, please
contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm
toll free at 866-767-3653 or via e-mail at pkim@rosenlegal.com or
kchan@rosenlegal.com.
Rosen Law Firm represents investors throughout
the globe, concentrating its practice in securities class actions
and shareholder derivative litigation.
Contact Information:
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
kchan@rosenlegal.com
www.rosenlegal.com
Teekay (NYSE:TK)
Historical Stock Chart
From Mar 2024 to Apr 2024
Teekay (NYSE:TK)
Historical Stock Chart
From Apr 2023 to Apr 2024