ALERT: Morgan & Morgan Announces That a Class Action Lawsuit Has Been Filed Against MasTec, Inc. -- MTZ

NEW YORK, June 19, 2015 (GLOBE NEWSWIRE) -- Morgan & Morgan announces that a securities class action has been filed in the United States District Court for the Southern District of Florida on behalf of those who purchased shares of MasTec, Inc. ("MasTec" or the "Company") MTZ, during the period between August 12, 2014 and March 17, 2015 inclusive (the "Class Period").

If you purchased MasTec securities during the Class Period, you may, no later than July 6, 2015, request that the Court appoint you lead plaintiff of the proposed class. A lead plaintiff is a representative party that acts on behalf of all class members in directing the litigation. Any member of the purported class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member.

If you want more information about the MasTec Securities Class Action, contact Morgan & Morgan at 1(800) 732-5200 or email info@morgansecuritieslaw.com

The complaint alleges that throughout the Class Period, the Company and certain of its officers violated the Securities Exchange Act of 1934.

The complaint also alleges that during the Class Period, defendants made false and misleading statements and failed to disclose that: (1) certain cost to complete estimates, currently believed to be in the range of zero to $13 million, which were recognized during the company's third quarter of 2014, should have been recognized during the second quarter of 2014; and (2) MasTec's internal control over financial reporting was ineffective.

On March 2, 2015, the Company filed a Form 12b-25 with the SEC, notifying the SEC that it would delay the filing of its Annual Report on Form 10-K for the period ended December 31, 2014. On March 17, 2015, after the close of trading, the Company issued a press release, announcing a further delay in filing its 2014 Form 10-K. Following this news, shares of MasTec fell $1.88 or over 9.5% on unusually heavy volume, to close at $17.82 on March 18, 2015.

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