A lawsuit was filed on behalf of investors in NYSE:TK shares over alleged securities laws violations and NYSE:TK investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 03/15/2016 -- A shareholder of Teekay Corporation (NYSE:TK) filed a lawsuit in the U.S. District Court for the District Court of Connecticut over alleged violations of Federal Securities Laws by Teekay.
Investors who purchased shares of Teekay Corporation (NYSE:TK) have certain options and for certain investors are short and strict deadlines running. Deadline: May 2, 2016. NYSE:TK investors should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.
The plaintiff alleges on behalf of purchasers of Teekay Corporation (NYSE:TK) common shares between June 30, 2015 and December 17, 2015, that the defendants violated Federal Securities Laws. More specifically, the plaintiff claims that between June 30, 2015 and December 17, 2015 Defendants made allegedly false and/or misleading statements and/or failed to disclose that Teekay Corporation's repeated assurances that it would maintain a quarterly dividend of at least $0.55 per share were baseless, that Teekay Corporation knew, based on then-present facts, that it could not support future dividend payments in excess of $0.55 per share, that the cash flows from the Company's master limited partnerships ("MLPs") – Teekay LNG Partners LP ("TGP") and Teekay Offshore Partners LP ("TOO") – could not possibly sustain such high dividends; and (4) Teekay misled the market about the strength of its business and financial condition.
On March 11, 2016, NYSE:TK shares closed at $8.51 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