Glancy
Binkow & Goldberg LLP announces that it is investigating
potential claims on behalf of investors of MasTec,
Inc. (“MasTec” or the “Company”) (NYSE:MTZ) concerning possible
violations of federal securities laws. The investigation is focused on
the Company’s operations and financial performance.
Please contact Lesley
Portnoy at (888) 773-9224 or (310) 201-9150, or at shareholders@glancylaw.com
to discuss this matter. If you inquire by email please include your
mailing address, telephone number and number of shares purchased.
MasTec is an infrastructure construction company that provides
engineering, building, installation, maintenance and upgrade services
for energy, utility and communications infrastructure primarily in the
United States. On March 17, 2015, MasTec announced that the Company will
not be able to timely file its Annual Report on Form 10-K for the fiscal
year ended December 31, 2014. According to the Company, the delay is the
result of an ongoing independent internal investigation by the Audit
Committee and its independent counsel, and that the Audit Committee “has
not reached any conclusions and is undertaking additional review of
accounting estimates.” The Company further stated that it “cannot
predict the outcome of the Audit Committee’s investigation, its ultimate
scope or when it will be completed.”
Following this news, MasTec shares fell approximately 9%, or as much as
$1.87 below the previous closing price, in intraday trading on March 18,
2015.
If you purchased MasTec securities, if you have information or would
like to learn
more about these claims, or have any questions concerning this
announcement or your rights or interests with respect to these matters,
please contact Lesley
Portnoy, Esquire, of Glancy Binkow &
Goldberg LLP, 1925 Century Park East, Suite 2100, Los Angeles,
California 90067 at (310) 201-9150, Toll Free at (888) 773-9224, by
e-mail to shareholders@glancylaw.com,
or visit our website at http://www.glancylaw.com.
If you inquire by email please include your mailing address, telephone
number and number of shares purchased.
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jurisdictions under the applicable law and ethical rules.
Copyright Business Wire 2015