LOS ANGELES--(BUSINESS WIRE)--Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed in the United States District Court for the Southern District of Florida against MasTec, Inc. (“MasTec” or the “Company”) (NYSE: MTZ), for alleged violations of the federal securities laws. Investors who purchased or otherwise acquired shares between August 12, 2014 and March 17, 2015, inclusive (the “Class Period”), have until July 6, 2015 to serve as lead plaintiff in the class action.
If you are a shareholder who suffered a loss during the Class Period, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 13650 Marina Pointe Dr. Suite 1404, Marina Del Rey, CA 90292, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at info@goldberglawpc.com.
The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
MasTec is an infrastructure company whose primary activities include engineering, building installation, maintenance and upgrade of energy, and utility and communications infrastructure throughout North America. The complaint alleges that throughout the Class Period, the Company made false and/or misleading statements and failed to disclose that: (1) certain cost to complete estimates, currently believed to be in the range of zero to $13 million, which were recognized during the company’s third quarter of 2014, should have been recognized during the second quarter of 2014; (2) MasTec’s internal controls over financial reporting were ineffective; and (3) as a result of the foregoing, the Company’s public statements were materially false and misleading at all relevant times. On March 2, 2015, MasTec announced that it would delay filing its Annual Report for the period ended December 31, 2014. Following this announcement, MasTec issued a press release on May 17, 2015, announcing an additional delay in the filing of its Annual Report. As a result of this news, shares of the Company fell 9.5% on heavy volume.
If you have any questions concerning your legal rights in this case, please immediately contact Goldberg Law PC at 800-977-7401, or visit our website at http://www.Goldberglawpc.com, or email us at info@goldberglawpc.com.
Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.
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