An investigation for investors in Teekay Corporation (NYSE:TK) shares over potential securities laws violations by Teekay was announced and NYSE:TK stockholders should contact the Shareholders Foundation.

San Diego, CA -- (SBWire) -- 02/22/2016 --An investigation for shareholders in NYSE:TK shares over potential securities laws violations by Teekay was announced.

Investors who purchased shares of Teekay Corporation (NYSE:TK), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call 858-779-1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Teekay Corporation (NYSE:TK) concerning whether a series of statements by Teekay regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On Dec. 16, 2015 Teekay Corporation (NYSE:TK) announced 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.

Shares of Teekay Corporation (NYSE:TK) to as low as $4.37 per share on January 20, 2016.

On February 18, 2016, NYSE:TK shares closed at $7.80 per share.

Those who purchased shares of Teekay Corporation (NYSE:TK) have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com