INVESTOR ALERT: Levi & Korsinsky, LLP Reminds Shareholders of Teekay Corporation of Class Action Lawsuit and a Lead Plaintiff...
April 27 2016 - 12:19PM
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.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.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