Levi & Korsinsky announces the filing of a class action lawsuit in the United States District Court for the Southern District of Florida on behalf of shareholders who purchased MasTec, Inc. (NYSE: MTZ) (“MasTec”) securities between August 12, 2014 and March 17, 2015.
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.
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