NEW YORK--(BUSINESS WIRE)--The Rosen Law Firm, a global investor rights firm, announces that a class action lawsuit has been filed on behalf of purchasers of MasTec, Inc. (NYSE:MTZ) securities from August 12, 2014 through March 17, 2015 (the “Class Period”). The lawsuit seeks to recover damages for MasTec investors under the federal securities laws.
To join the MasTec class action, go to the firm’s website at http://www.rosenlegal.com/cases-553.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll-free at 866-767-3653 or email firstname.lastname@example.org or email@example.com for information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
The lawsuit alleges that during the Class Period defendants made false and/or misleading statements and/or failed to disclose that: (1) certain cost to complete estimates recognized during the third quarter of 2014, currently believed to be between zero to $13 million, should have been recognized during the second quarter of 2014; (2) MasTec’s internal control over financial reporting was ineffective; and (3) as a result, MasTec’s public statements were materially false and misleading at all relevant times. When the true details entered the market, the lawsuit claims that investors suffered damages.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 6, 2015. If you wish to join the litigation, go to the firm’s website at http://www.rosenlegal.com/cases-553.html or to discuss your rights or interests regarding this class action, please contact Phillip Kim, Esq. or Kevin Chan, Esq. of The Rosen Law Firm toll free at 866-767-3653 or via e-mail at firstname.lastname@example.org or email@example.com.
The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.