NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Macquarie Infrastructure Corporation (“Macquarie” or “the Company”) (NYSE:MIC) concerning possible violations of federal securities laws.
On February 21, 2018, Macquarie announced it would slash its dividend and that it had lost International-Matex Tank Terminals (“IMTT”) contracts. During a conference call on February 22, 2018, CEO Christopher Frost said “a number of customers terminated contracts for a significant amount of 6 oil capacity at IMTT's facility in St. Rose. Not only did they terminate those contracts, in some cases, they shut down their operations and exited the industry. Many of these firms have been long term customers of IMTT.” Shares of Macquarie fell from a close of $63.62 on February 21, 2018, to a close of $37.41 on February 22, 2018. To obtain additional information, go to:
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