NEW YORK, May 2, 2016 /PRNewswire/ -- 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
Eduard Korsinsky, 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
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SOURCE Levi & Korsinsky, LLP