SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of MasTec Inc.

News provided by

Mar 19, 2015, 08:30 ET

NEW YORK, March 19, 2015 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of MasTec, Inc. ("MasTec" or the "Company") (NYSE: MTZ -News). Such investors are advised to contact Peretz Bronstein or his investor relations coordinator Eitan Kimelman at [email protected] or 212-697-6484.

The investigation concerns whether MasTec, Inc. and certain of its officers and/or directors have violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934.

On March 17, 2014 The Company announced in a press release that it will not be able to timely file its Annual Report on Form 10-K for the fiscal year ended December 31, 2014. The 10-K had been expected to be filed by March 17, 2015, in accordance with a previously extended deadline for filing pursuant to Securities and Exchange Commission rules. The Audit Committee and its independent counsel are still conducting the previously disclosed independent internal investigation. The Company said, "The Audit Committee has not reached any conclusions and is undertaking additional review of accounting estimates. The Company cannot predict the outcome of the Audit Committee's investigation, its ultimate scope or when it will be completed".

Following this news, shares of MasTec. fell $1.88, or 9.54%, to close at $17.82 on March 18, 2015.

If you are aware of any facts relating to this investigation, or purchased shares of MasTec, you can assist this investigation by contacting Peretz Bronstein or his Investor Relations Coordinator Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:

Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Eitan Kimelman 212-697-6484
[email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC