NEW YORK, April 25, 2018 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Macquarie Infrastructure Corporation ("Macquarie" or the "Company") (NYSE: MIC) and certain of its officers, on behalf of shareholders who purchased or otherwise acquired Macquarie securities between February 22, 2016 and February 21, 2018, both dates inclusive (the "Class Period"). Such investors are encouraged to join this case by visiting the firm's site: http://www.bgandg.com/mic.
This class action seeks to recover damages against Defendants for alleged violations of the federal securities laws under the Securities Exchange Act of 1934.
On February 21, 2018, Macquarie revealed negative Q4 results, including earnings per share below analysts' estimates and a substantial dividend cut. The Company said that its poor performance was due to a drop in demand for a specific fuel oil product, revealing the significance of that specific product to its business segment, despite previous statements advertising the stability of that segment. Following this news, Macquarie stock dropped to $37.41 per share on February 22, 2018.
A class action lawsuit has already been filed. If you wish to review a copy of the Complaint you can visit the firm's site: http://www.bgandg.com/mic or you may contact Peretz Bronstein, Esq. or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484. If you suffered a loss in Macquarie you have until June 25, 2018 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.
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.