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 pkim@rosenlegal.com or kchan@rosenlegal.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 pkim@rosenlegal.com
or kchan@rosenlegal.com.
The Rosen Law Firm represents investors throughout the globe,
concentrating its practice in securities class actions and shareholder
derivative litigation.
Copyright Business Wire 2015