NEW YORK--(BUSINESS WIRE)--The following statement is being issued by Levi & Korsinsky, LLP:
To: All persons or entities who purchased or otherwise acquired securities of MasTec, Inc. (NYSE: MTZ) between August 12, 2014 and March 17, 2015.
You are hereby notified that a securities class action lawsuit has been commenced in the United States District Court for the Southern District of Florida. If you purchased or otherwise acquired MasTec, Inc. (“MasTec”) securities between August 12, 2014 and March 17, 2015, your rights may be affected by this action. To get more information go to:
or contact Joseph E. Levi, Esq. either via email at firstname.lastname@example.org or by telephone at (212) 363-7500, toll-free: (877) 363-5972. There is no cost or obligation to you.
The complaint alleges that the Company made false and/or misleading statements and/or failed to disclose that: (a) 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; and (b) MasTec’s internal control over financial reporting was ineffective.
On March 2, 2015, the Company announced it would delay the filing of its Annual Report on Form 10-K for the period ended December 31, 2014. Then on March 17, 2015, the Company announced a further delay in the filing.
If you suffered a loss in MasTec you have until July 6, 2015 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, Connecticut and Washington D.C. The firm’s attorneys have extensive expertise in prosecuting securities litigation involving financial fraud, representing investors throughout the nation in securities and shareholder lawsuits. Attorney advertising. Prior results do not guarantee similar outcomes.
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171