MTZ INVESTOR ALERT: Glancy Prongay & Murray Reminds Investors of the July 6, 2015 Deadline in the Class Action Lawsuit Against MasTec, Inc.

LOS ANGELES--(BUSINESS WIRE)--

Glancy Prongay & Murray reminds investors that a class action has been filed on behalf of MasTec, Inc. ("MasTec" or the "Company") MTZ investors who purchased shares between August 12, 2014 and March 17, 2015 inclusive (the "Class Period"). Investors have until July 6, 2015 to file a motion to be appointed as a lead plaintiff in this class action lawsuit.

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 $1.88 or over 9.5% on unusually heavy volume, to close at $17.82 on March 18, 2015.

The Complaint alleges that MasTec misled investors by failing to adequately disclose that 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, that MasTec's internal control over financial reporting was ineffective.

If you purchased MasTec shares or have information or would like to learn more about these claims, or have any questions concerning this announcement, please contact Lesley Portnoy, of Glancy Prongay & Murray, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email 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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