Monthly Archives: April 2016

Climate Right Launches New Affordable Easy-to-Install Ductless Mini Split Air Conditioner

ClimateRight addresses consumers’ needs by launching ductless mini split air conditioner

Columbus, Ohio – April 28, 2016 /MarketersMedia/ —

Ductless mini split air conditioning and heating systems have become increasingly popular for a variety of reasons. In the United States alone, sales are projected to continue to grow by 14% to 18% per year according to BisReasearch. Ductless systems can be the most cost effective, practical and energy efficient solutions based on the increased SEER (Seasonal Energy Efficiency Ratio) requirements mandated by the U.S. Government, and manufacturers like ClimateRight are addressing consumer wants and needs.

Contractors and DIY consumers alike have noted that the inefficiency and unsightliness of both portable and window units continue to fuel the demand for the more efficient and cleanly installed ductless mini split systems. These ductless systems are ideal for rooms that do not have existing ductwork, or spaces that are challenging to maintain a comfortable temperature with a conventional ducted system installed.

Thanks in large part to ClimateRight’s “Quick Connect”, pre-charged, refrigerant system, installation of the CR12000SACH is DIY-friendly and does not require an HVAC technician, although licensed technicians certainly can be used. Handy people, electricians, contractors and construction installation types would find this product manageable to install, and an effective cooling and heating solution.

The unit is powered by 115v outdoor receptacle and is completely portable. It can be uninstalled and re-installed – making this unit very versatile.

ClimateRight’s new CR12000SACH unit runs as needed between 4,000 and 12,000 BTUs using inverter technology. A single zone room or space receives just the right amount of cooling and heating it needs. This split air conditioner and heat pump is well suited for most rooms from 100 to 550 square feet (up to 4,000 cubic feet maximum) provided there is adequate insulation.

The indoor wall mounted condenser is whisper quiet at only 42 decibels. The compact and lightweight outdoor compressor is only slightly less quiet at 53 decibels. Ideal applications for the ClimateRight CR12000SACH include tiny houses, second floor rooms, small cabins and lodges, man caves, flex office-warehouse spaces, remote offices, apartments, condos, and even enclosed tents.

The bottom line is that ClimateRight’s ductless mini split takes less time to install and is less skill intensive than traditional splits. Therefore, the cost of ownership is less than traditional splits or ducted systems.

ClimateRight LLC is a Columbus, Ohio based manufacturer and worldwide distributor of its own portable outdoor and indoor climate control systems, Westinghouse Generators and accessories. The company is a division of Midwest Equipment Sales in Columbus, Ohio. We sell ClimateRight directly to consumers, businesses and OEM’s direct or through our network of Authorized Dealers and Retailers.

For more information about us, please visit http://www.climaterightair.com/

Contact Info:
Name: Todd Arend
Organization: ClimateRight
Phone: 800-7-CLIMATE

Source: http://marketersmedia.com/climate-right-launches-new-affordable-easy-to-install-ductless-mini-split-air-conditioner/112424

Release ID: 112424

Lawsuit Involving Invokana Side Effects Filed by Diabetes Patient Who Developed Life-Threatening Diabetic Ketoacidosis

April 28, 2016 – – TheProductLawyers.com comments on an Invokana lawsuit filed in the Southern District Of Alabama against Janssen Pharmaceuticals (a subsidiary of Johnson & Johnson corporation), related specifically to diabetic ketoacidosis. It is a life-threatening condition that can develop very quickly and is when the body’s bloodstream contains a high level of ketones which can result in the patient suffering a diabetic coma or even death in the extreme case. The plaintiff in this case claims she began taking Invokana in December 2014 and developed ketoacidosis shortly thereafter.

Upon further review of the court papers it showed that the plaintiff also believed that the drug was not sufficiently studied over an adequate period of time and that it was marketed “off-label” to patients like her suffering from type 1 diabetes. She alleges that the manufacturer, despite the drug not being approved by the FDA for the treatment of type 1 diabetes, marketed the drug as a type 1 treatment anyway. She also claims that Janssen Pharmaceuticals did not clearly enunciate the potential adverse side effects of the drug to the public and were willfully negligent in its failure to do so.

The US Food and Drug Adminisration (FDA) issued a public safety warning about the drug and in it encouraged diabetes patients who are using Invokana or any other similar SGLT2 inhibitor drugs to be watchful of any potential symptoms that might emerge denoting the onset of ketoacidosis. The American Diabetes Association has reported on symptoms to be aware of such as excessive thirst or dry mouth, frequent urination, high blood sugar levels, high levels of ketones in the urine, difficulty breathing, pain in the abdomen, confusion fatigue, and nausea or vomiting.

The FDA, in its public safety report, also directed Janssen Pharmaceuticals to revise its warning label for Invokana to better address the potentially lethal side effect of the onset of diabetic ketoacidosis.

For more information about the Invokana lawsuits, or this press release, please contact TheProductLawyers.com on 888-997-3792.

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Contact TheProductLawyers.com:

Banville Law
888-997-3792
info@banvillelaw.com
165 West End Ave #1h,
New York, NY 10023

ReleaseID: 60009585

IVC Filter Lawsuit Claims Draw Attention To Adverse Event Reports Noting Dangerous Filter Migration Side Effects

April 28, 2016 – – TheProductLawyers.com comments on reports of alarming allegations concerning IVC filter devices and the potential that they are dangerous and have been designed defectively. In 2012, it was estimated that 259,000 patients had been implanted with IVC filters. The devices were first approved by the FDA in 1979, but at that time were much less used, having been implanted in an estimated 2,000 patients that year.

The filters are used by patients who are deemed at increased risk for the development of blood clots but who are unable to take blood-thinning drugs. They are cage-like devices which are surgically implanted into patients’ inferior vena cava veins, where they are expected to capture and hold any blood clots moving from the lower legs toward the heart and lungs where they could cause pulmonary embolism. They are supposed to hold these blood clots until they dissipate. The devices are intended to be used temporarily, and to be removed when the patient is no longer at risk for blood clots.

IVC filters have recently been the subject of an increasing number of lawsuits. Plaintiffs commonly claim that the filters have been defectively designed by various manufacturers. They also claim that the filters are able to break into pieces and migrate within the body away from their initial insertion points, perforating veins and organs, and becoming embedded in high risk areas where they could be unable to be surgically removed. During this time, the filters can cause substantial health risks for patients.

The U.S. Food and Drug Administration discussed this issue when they released a product safety communication referencing the devices after receiving an alarming number of adverse event reports from patients. Through this announcement, the FDA targeted medical professionals and patients and reminded them of potential dangers of the devices. They additionally asked that IVC filters be removed from patients as soon as blood clot risks subside. It has been noted that between the years of 2005 and 2010, the FDA received 921 adverse event reports concerning the filters. Adverse events reported side effects including: filter migration and breakage, embolization of fractured device or device components, and inferior vena cava perforation. Patients currently implanted with IVC filter devices are asked to be on the lookout for filter migration symptoms, which can include: chest pain and heart palpitations, light-headedness, dizziness, fainting, and unusual heart rhythms. Those who have migrated filters within their body are considered at increased risk for serious health complications including: cardiac tamponade or pulmonary embolism.

The attorneys of Banville Law are currently working to assist other patients who believe they have suffered from adverse health events due to an IVC filter. These patients could be entitled to substantial compensation, and are greatly encouraged to take the opportunity to evaluate their legal rights in the matter. To better assist those who wish to fully investigate their options at this time, the attorneys of Banville Law are offering free legal consultations for qualified individuals.

To request more information, or to ask questions, please contact the attorneys of Banville Law by calling 888-997-3792.

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Contact TheProductLawyers.com:

Banville Law
888-997-3792
info@banvillelaw.com
165 West End Ave #1h,
New York, NY 10023

ReleaseID: 60009648

Risperdal Lawsuit Trial Draws Attention To Controversial Testimony And Potentially Hidden Study Results

April 28, 2016 – – LegalHerald.com comments on recent reports that controversial testimony from a Johnson & Johnson biochemist during a Risperdal lawsuit trial indicated that the corporate giant had intentionally concealed specific study results linking its antipsychotic drug, Risperdal, to dangerous hormonal level developments among patients using it.

Risperdal is a powerful antipsychotic drug which gained approval from the FDA not long ago to treat autism, bipolar disorder, and schizophrenia in adolescents and adults. For many years, the drug was not approved to treat children, but after 2006, its approved uses expanded to include young patients.

This recent and incredibly controversial testimony was detailed in an article from New Brunswick Today, which drew further attention to details from a February trial that had taken place regarding the drug. The trial came to an end when a jury awarded the Alabama plaintiff involved with $2.5 million in compensation as he had reportedly suffered from damaging side effects after using the drug as a child.

Janssen Pharmaceuticals manufactures Risperdal and is a division of parent company Johnson & Johnson. It has been reported that the company funded a 2003 study which indicated that no connection between long-term risperidone (generic Risperdal) treatment among patients and the development of elevated prolactin levels existed. It was also indicated that three of this study’s authors were employed by Janssen and two of the study’s independent authors have now requested a reanalysis of the indicated findings.

During the February Risperdal trial, evidence was presented that included a written manuscript of the study now being questioned which included two tables linking use of the drug to elevated prolactin levels. These elevated prolactin levels can cause the development of gynecomastia, which is a condition that several plaintiffs now attribute to their use of the drug. Gynecomastia refers to significant breast development in males, causing their breasts to resemble that of females. The tables shown during the trial, as well as the critical information they presented, were reportedly never given to the FDA or to medical journals for publication.

The attorneys of Banville Law are working to help other patients who have used Risperdal and who believe that their health has been negatively impacted by the drug. Patients who believe they were affected may be entitled to significant compensation and are greatly encouraged to take advantage of the opportunity to fully evaluate their legal rights in the matter. To assist patients wanting to further investigate their legal options at this time, the attorneys of Banville Law are now offering complimentary legal consultations for qualified individuals.

To request further information, or to ask questions, contact the attorneys of Banville Law by calling 888-997-3792.

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Contact Banville Law:

Laurence Banville, Esq.
888-997-3792
info@banvillelaw.com
165 West End Avenue, #1H
New York, NY 10023
United States (US)

ReleaseID: 60009647

First Aid Shoppe Announces New Membership Club

April 28, 2016 – – First Aid Shoppe has announced that customers can now sign up for a membership with the online store. First Aid Shoppe provides a variety of advanced and professional grade first aid and survival gear for the general public. First Aid Shoppe COO, Anna Loehwing, reports that members can get benefits such as bulk discounts, including some of their most popular items, such as the ResQue1st Emergency Preparedness & First Aid Kit, a combination kit that features both first aid and survival items.

“Customers can join on the First Aid Shoppe site,” says Ms. Loehwing. “Then when they log in they qualify for additional benefits. Also, we notify our members of any specials or sales that are running. If you’re in the market for survival or first aid gear, this is a great way to stay in touch.”

Account holders at First Aid Shoppe have access to these additional benefits. First Aid Shoppe features medical kits, specialty trauma gear, items for marine use and insect control and treatment, along with bandages and industrial scale items. One of their most popular items is the ResQue1st Emergency Preparedness & First Aid Kit, which combines items for both first aid and survival use. The Preparedness kit is what is usually considered a “bug out” bag, or a compact, portable self-contained kit that can be kept on hand for use in an emergency evacuation, such as during a natural disaster. Account holders qualify for certain discounts, with this kit and other items.

“Signing up is fast and easy,” says Ms. Loehwing. “After that you can take advantage of some of our many discounts, and choose to be kept informed of any updates, sales or new.”

Customer can create an account on the First Aid Shoppe page. Items such as the Em Prep kit can be searched from the same page to find any discounts or specials that might be running.

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Contact First Aid Shoppe:

Anna Loehwing
727-442-4372
sales@customfas.com
Clearwater, FL 33755

ReleaseID: 60009644

Professional Grade Items In First Aid Shoppe’s Trauma Kit Are The Same Used By Emergency Responders

April 28, 2016 – – Today Anna Loehwing, COO of First Aid Shoppe, providers of professional grade survival and first aid gear, announced that the items in their ResQue 1st Trauma Kit With SWAT-T Tourniquet are used by members of emergency response teams worldwide. The key items in the trauma kit are an Advanced Clotting Sponge, and the SWAT-T Tourniquet, both designed to control or stop severe hemorrhaging in a battlefield environment. The purpose of the kit is to provide a means to stabilize a victim until professional help can be sought.

“After breathing, bleeding becomes your number one concern,” says Ms. Loehwing. “And the items in this kit are designed for just that. This isn’t your general purpose first aid kit. Our trauma kit is compact, easy to keep on hand, and meant for one thing only: Stopping serious bleeding.”

The ResQue 1st Trauma Kit With SWAT-T Tourniquet has the two mentioned items, plus antiseptic wipes, gloves, medical tape, bandages and gauze. The Advanced Clotting Sponge is an advanced hemostatic (clotting) sponge, that employs a clotting agent approved for and in use by emergency responders globally. It is meant to be applied directly to the site of a wound to accelerate natural clotting. The SWAT-T (Stretch Wrap And Tuck – Tactical) tourniquet is designed to be placed high in the groin or armpit area to clamp down and control arterial bleeding. It can also be used as a compression bandage.

“The pros are using these things in the field,” says Ms. Loehwing. “Now you can get a focused kit with these key items. The ResQue 1st Trauma Kit With SWAT-T Tourniquet is something you hope you never need, but if you do … it just might save a life.”

The ResQue 1st Trauma Kit With SWAT-T Tourniquet by First Aid Shoppe comes with antiseptic wipes and gloves, along with medical tape and gauze. It contains key items in use by emergency responders worldwide.

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Contact First Aid Shoppe:

Anna Loehwing
727-442-4372
sales@customfas.com
Clearwater, FL 33755

ReleaseID: 60009643

Digital Forensics Market to Grow at a CAGR of 11.3% to 2020 Driven by Emergence of IOT

The digital forensics market is estimated to grow from USD 1,878.2 Million in 2015 to USD 3,206.9 Million in 2020 at a compound annual growth rate (CAGR) of 11.3% from 2015 to 2020 with North America is expected to hold the largest market share.

Pune, India – April 28, 2016 /MarketersMedia/ —

The world is now wholly dependent on digital devices and this space is continuously evolving. Technologies such as cloud and Internet of Things (IoT) are deeply penetrating into the IT space, defining the future of cyber world, making digital information more distributed than ever. This, in turn, is expected to bring huge contribution from various digital forensics vendors to meet the growing demands of compliances. The evolution of digital forensics can be traced back to the 1970s, when the first cases of financial frauds involving computers emerged. During this period, most of the organizations did not understand the significance of policies and procedures relating to cyber security. As a result, after a fraud was identified, data recovery was difficult which led to the loss of data.

Complete report on global digital forensics market spread across 144 pages, profiling 10 companies and supported with 69 tables and 51 figures is now available at http://www.rnrmarketresearch.com/digital-forensics-market-by-component-hardware-software-and-service-sub-segment-computer-forensics-network-forensics-mobile-device-forensics-and-cloud-forensics-tool-types-service-vertical-and-region-global-forecast-to-2020-market-report.html .

The digital forensics market is estimated to grow from USD 1,878.2 Million in 2015 to USD 3,206.9 Million in 2020. This represents a Compound Annual Growth Rate (CAGR) of 11.3% from 2015 to 2020. In terms of regions, North America is expected to be the biggest market in terms of revenue contribution, while emerging economies such as APAC and Europe are expected to experience increased market traction with high CAGRs in the digital forensics market.

The major forces driving this market are the emergence of IOT and increasing regulatory compliance. As the growing acceptance of IoT across the industries has found applications in critical national security infrastructure, the demand for digital forensics solutions has increased. For instance, modern flood defense systems in the U.K. use ocean sensors and satellites that collect information and communicate with each other to offer prompt, automated early warnings and responses. Furthermore, the rise in sophistication of digital crimes has boosted the market opportunities for the companies providing digital forensics solutions.

The global reach of Internet, network forensics has become an integral part of computer forensics. The companies that provide network forensic solutions and services include Access Data, eTrust, Net Replay, and Fluke Corporation. The Silent Runner Sentinel solution developed by Access Data enables to monitor capture, and analyze network traffic. With this solution, the users can effectively determine the scope and scale of security breach. The companies that provide network forensic solutions and services include Access Data, eTrust, Net Replay, and Fluke Corporation.

Ask for a discount before order a copy of Digital Forensics Market by Component (Hardware, Software, and Service), Sub-Segment (Computer Forensics, Network Forensics, Mobile Device Forensics, and Cloud Forensics), Tool Types, Service, Vertical and Region – Global Forecast to 2020 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=396935 .

The digital forensics market report also analyzes the market drivers, restraints, and opportunities along with a study on top key players and their competitive outlook. The report provides key insights into the current trends and best practices in the digital forensics market.

The digital forensics market report brings out the market potential across various regions such as North America, APAC, Latin America, MEA, and Europe. The digital forensics market is segmented into each regional market by component, sub-segment, tool, service, and vertical.

On a related note, another research on Advanced Persistent Threat Protection Market Global Forecast to 2020 says, the advanced persistent threat protection market size to grow from USD 3.9 billion in 2015 to USD 8.7 billion by 2020, at an estimated CAGR of 17.0% from 2015 to 2020.The government and defense sectoris expected to account for the largest market share throughout the forecast period. This report segments the advanced persistent threat protection market into solution, service, deployment, organization size, vertical, and region, covering the market comprehensively. The report provides the closest approximations of the revenue numbers for the overall market and the sub segments. Companies like Symantec, Trend Micro, Inc., Fireeye, Inc., Fortinet, Inc., Intel Security, Palo Alto Networks, Blue Coat Systems, Webroot, Inc., Dell Secureworks and Websense, Inc. have been profiled in this 143 pages research report at http://www.rnrmarketresearch.com/advanced-persistent-threat-protection-market-by-solution-sandboxing-endpoint-protection-forensic-analysis-siem-ids-ips-next-generation-firewall-by-service-by-deployment-by-organization-size-by-vertical-by-region-global-foreca-market-report.html .

About Us:

RnRMarketResearch.com is your single source for all market research needs. Our database includes 500,000+ market research reports from over 100+ leading global publishers & in-depth market research studies of over 5000 micro markets.

For more information about us, please visit http://www.rnrmarketresearch.com

Contact Info:
Name: Ritesh Tiwari
Organization: RNR Market Research
Address: UNIT no 802, Tower no. 7, SEZ Magarpatta city, Hadapsar
Phone: +1-888-391-5441

Source: http://marketersmedia.com/digital-forensics-market-to-grow-at-a-cagr-of-11-3-to-2020-driven-by-emergence-of-iot/112568

Release ID: 112568

1.5 Billion Damage in Fort Worth & Dallas By Hailstorm Damage

Dallas Forth Area suffered 3 hail storms, the last one causing 1.5 billion in damage.

north richaland hills, United States – April 28, 2016 /PressCable/ —

A recent estimate found this week’s hailstorm that hit Collin County caused more than $300 million in damages. The latest storm that hit Wylie and parts of Plano isn’t going to be the most expensive in North Texas but does push well over $1.5 billion in hail costs in less than four weeks time.

Between the broken windows, A/C units and battered roof, it will be a while before Wylie homeowner Michelle Schupbach’s house is whole again.

DFW Best Roofing company owner, Justin Stanfield said, “Whenever damage at this scale happens, there is always a lot of scams.” The Fort Worth Roofing company owner also emphasised homeowners should take pictures of all the damages and make sure the to get a roof inspection from a local company.

“We have an adjuster coming out Thursday so we are just now starting really,” said Shupbach. “We have over 20 holes in our roof and we’ve had them covered. But that’s basically it.”

Shupbach is not sure what repairs will cost but expects it’s going to take at least $50-70 thousand. And the Shupbach family is just one of many families facing major repairs. “Everything facing north in Wylie has just been trashed,” said Joel Beckman with BCC Roofing & Storm Repair. “These things actually got damage to the brick.” The Insurance Council of Texas toured the damage on Friday. It estimates the price tag of Monday’s storm, the third major hail event to hit North Texas since March 17, is around $300 million.

“Of the three storms, this probably was the largest hail,” said Mark Hanna. “And probably did the most damage but to a smaller footprint.”

That’s on top of an estimated $700 million in damages on March 23 when large hail battered Plano. Six days before that, Tarrant County was hit hard to the tune of $600 million. The latest storm puts the overall total in North Texas at around $1.6 billion, and it’s still early in the spring storm season. “It’s a pretty bad omen, you know,” said Hanna. “You just don’t know what to expect.”

For more information about us, please visit http://www.dfwbestroofing.com

Contact Info:
Name: Delana Shatley
Email: info@dfwbestroofing.com
Organization: DFW Best Roofing
Address: 7800 Mockingbird Ln
Phone: 7083730017

Release ID: 112670

Enterprise Content Management Market to Hit a CAGR of 19.5% to 2020

Enterprise content management market is to grow from USD 24.61 Billion in 2015 to USD 59.86 Billion by 2020, at a CAGR of 19.5% to 2020 driven by growing need for content management solutions in organizations, the necessary requisite for streamlining business operations and others.

Pune, India – April 28, 2016 /MarketersMedia/ —

Today, most of enterprises are vying to effectively address the voluminous amount of content being generated on a daily basis. This content may vary from spreadsheets to huge databases and can be highly unstructured. This huge chunk of content is defined as a goldmine of information to derive policies and align enterprises’ strategic initiatives.

Complete report on global enterprise content management market spread across 151 pages, profiling 10 companies and supported with 75 tables and 45 figures is now available at http://www.rnrmarketresearch.com/enterprise-content-management-market-by-solution-enterprise-document-management-enterprise-web-content-management-records-management-ediscovery-and-others-deployment-type-user-type-vertical-and-region-global-forecasts-and-ana-market-report.html .

The enterprise content management market can be defined as the market for the management of an enterprise’s unstructured data and information content from disparate sources without the presence of the owner of the content. The enterprise content management market is segmented into solutions, deployment types, user types, verticals, and regions.

The enterprise content management market has been segmented on the basis of solutions into enterprise document management, enterprise document imaging and capture, enterprise content workflow management, enterprise records management, enterprise web content management, enterprise document collaboration, digital asset management, advanced case management, mobile content management, document output management, enterprise digital rights management, e-discovery, and others.

On the basis of deployment types into on-premises and hosted; on the basis of user types into Small and Medium Businesses (SMBs) and enterprises; on the basis of vertical types into academia & education, Banking, Financial Services, and Insurance (BFSI), consumer goods & retail, energy & power, government & defense, life sciences & healthcare, manufacturing, IT & telecom, transportation & logistics, and others; and on the basis of regions into North America, Asia-Pacific (APAC), Europe, the Middle East and Africa (MEA), and Latin America. The report also provides insights into the opportunity analysis of specific verticals and business case analysis and road maps for the enterprise content management market.

Enterprise content management is crucial in providing a unified view about enterprise wide-data and introduces greater visibility and transparency in enterprise-wide operations.

The major enterprise content management companies profiled in the report such as EMC Corporation, IBM Corporation, Microsoft Corporation, Opentext Corporation, Oracle Corporation, Alfresco Software, Hp Autonomy, Hyland Software, Lexmark International Inc. and Xerox Corporation. Ask for a discount before order a copy of Enterprise Content Management Market by Solution (Enterprise Document Management, Enterprise Web Content Management, Records Management, eDiscovery, and others), Deployment Type, User Type, Vertical and Region – Global Forecasts and Analysis to 2020 research report at http://www.rnrmarketresearch.com/contacts/discount?rname=408398 .

There are various assumptions that have been taken into consideration for the market sizing and forecasting exercise. Few global assumptions include political, economic, social, technological, and economic factors. For instance, exchange rates, one of the economic factors, are expected to have a moderate rating of impact on this market. Therefore, dollar fluctuations are expected to not seriously affect the forecasts in the emerging regions.

On a related note, another research on Content Delivery Network (CDN) Market Global Forecast to 2020 says, the market size of CDN is expected to grow from USD 4.95 Billion in 2015 to USD 15.73 Billion in 2020, at a CAGR of 26.0%. Adoption of cloud services, BYOD, CYOD, and mobility adoption trend is increasing. The North American region is dominating the CDN market in 2015. Companies such as Akamai Technologies, Level3 communications, Limelight networks Inc., Internap, Ericsson, CDNetworks, Highwinds, Chinacache, Cloudflare, and Tata Communications have been profiled in this 134 pages research report available at http://www.rnrmarketresearch.com/global-content-delivery-networks-cdn-market-delivery-technologies-hardware-analytics-monitoring-encoding-transparent-caching-drm-cms-ovp-trends-geographical-analysis-worldwide-market-report.html .

About Us:

For more information about us, please visit http://www.rnrmarketresearch.com

Contact Info:
Name: Ritesh Tiwari
Organization: RNR Market Research
Address: UNIT no 802, Tower no. 7, SEZ Magarpatta city, Hadapsar
Phone: +1-888-391-5441

Source: http://marketersmedia.com/enterprise-content-management-market-to-hit-a-cagr-of-19-5-to-2020/112564

Release ID: 112564

Final Reminder for Teekay Corp. Shareholders – May 2, 2016 Deadline

RADNOR, PA / ACCESSWIRE / April 28, 2016 / The law firm of Kessler Topaz Meltzer & Check, LLP reminds investors that a shareholder class action lawsuit has been filed against Teekay Corporation (NYSE:TK) (“Teekay” or the “Company”) on behalf of purchasers of the Company’s securities
between
June 30, 2015 and December 17, 2015, inclusive (the “Class Period”).

FINAL REMINDER: Investors who purchased Teekay common stock during the Class Period may, no later than May 2, 2016, petition the Court to be appointed as a lead plaintiff representative of the class. For additional information please visit https://www.ktmc.com/new-cases/teekay-corporation#join.

Teekay shareholders who wish to discuss this action and their legal options are encouraged to contact Kessler Topaz Meltzer & Check, LLP (Darren J. Check, Esq. or D. Seamus Kaskela, Esq.) at (888) 299 – 7706 or at info@ktmc.com.

As detailed in the complaint, on June 30, 2015, the defendants increased Teekay’s quarterly dividend by 75% to $0.55 per share, and assured investors that the Company would maintain its high dividend. Thereafter, Teekay and certain of its executive officers issued a series of false and misleading statements which continued to represent that the Company remained on track to continue to pay out high dividends, and that Teekay would increase its dividend by 15-20% in the near future.

On December 16, 2015, Teekay shocked investors when it announced that it was slashing its dividend by 90% – from $0.55 per share to just $0.055 per share. On this news, the price of Teekay’s common stock declined $10.22 per share, or over 58 percent, to close on December 17, 2015 at $7.27 per share, on heavy trading volume.

The complaint alleges that Teekay and certain of its executive officers made materially false and misleading statements to investors during the Class Period which misrepresented and/or omitted to disclose, among other things, that: (1) the Company’s repeated assurances that it would maintain a quarterly dividend of at least $0.55 per share were baseless; (2) the Company 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 the Company’s master MLPs could not possibly sustain such high dividends. As a result of the foregoing, Teekay misled the market about the strength of its business and financial condition.

Teekay shareholders who purchased their
securities during the Class Period (June 30, 2015 – December 17, 2015) may, no later than May 2, 2016, petition
the Court to be appointed as a lead plaintiff representative of the class.

Members of the purported class may petition to be appointed as a lead plaintiff the Court through Kessler Topaz Meltzer & Check or other counsel, or may choose to do nothing and remain an absent class member. A lead plaintiff is a representative party who acts on behalf of all class members in directing the litigation. In order to be appointed as a lead plaintiff, the Court must determine that the class member’s claim is typical of the claims of other class members, and that the class member will adequately represent the class in the action. A class member’s ability to share in any recovery is not affected by the decision of whether or not to petition the Court to be appointed as a lead plaintiff.

Kessler Topaz Meltzer & Check prosecutes class actions in state and federal courts throughout the country. Kessler Topaz Meltzer & Check is a driving force behind corporate governance reform, and has recovered billions of dollars on behalf of institutional and individual investors from the United States and around the world. The firm represents investors, consumers and whistleblowers (private citizens who report fraudulent practices against the government and share in the recovery of government dollars). The complaint in this action was not filed by Kessler Topaz Meltzer & Check. For more information about Kessler Topaz Meltzer & Check, or for additional information about participating in this action, please visit www.ktmc.com.

SOURCE: Kessler Topaz Meltzer & Check, LLP

ReleaseID: 439368