Khang & Khang LLP (the "Firm") announces that a class action lawsuit has been filed against Teekay Corporation ("Teekay" or the "Company") (NYSE: TK). Investors who purchased or otherwise acquired shares between June 30, 2015 and December 17, 2015, inclusive (the "Class Period"), are encouraged to contact the Firm prior to the May 2, 2016 lead plaintiff motion deadline.

If you purchased shares of Teekay during the Class Period, please contact Joon M. Khang, Esquire, of Khang & Khang, 18101 Von Karman Avenue, 3rd Floor, Irvine, CA 92612, by telephone: (949) 419-3834, or by email at joon@khanglaw.com.

There has been no class certification in this case. Until certification occurs, you are not represented by an attorney. You may choose to take no action and remain a passive class member.

According to the complaint, the Company 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; and (2) Teekay was aware that it could not support future dividend payments in excess of $0.55 per share.

If you purchased shares of Teekay during the Class Period, you have until May 2, 2016 to ask the Court to appoint you as lead plaintiff. If you wish to learn more about this lawsuit, or if you have any questions concerning this notice or your rights, please contact Joon M. Khang, a prominent litigator for almost two decades, by telephone: (949) 419-3834, or by email at joon@khanglaw.com.

This press release may constitute Attorney Advertising in some jurisdictions.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160317006164/en/

Copyright Business Wire 2010