February 5, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Teekay Corporation (NYSE:TK) shares over potential securities laws violations by Teekay and certain of its directors and officers in connection certain financial statements was announced.

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.

Shares of Teekay Corporation (NYSE:TK) grew from $26.16 per share in June 2012 to as high as $67.12 per share in October 2014.

On February 19, 2015, Teekay Corporation reported its fourth quarter and annual 2014 results.

Teekay Corporation reported that annual total Revenue rose from over $1.83 billion in 2013 to over $1.99 billion in 2014 and that its Net Loss declind from $114.74 million in 2013 to $54.76 million in 2014.

Then on Dec. 16, 2015 Teekay Corporation (NYSE:TK) announced that its Board of Directors has approved a plan to reduce the Companys 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 5, 2016, NYSE:TK shares closed at $6.93 per share.