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MIC UPDATE: Pawar Law Says Important June 25, 2018 Lead Plaintiff Deadline in Class Action - MIC

NEW YORK, NY / ACCESSWIRE / May 16, 2018 / Pawar Law Group reminds shareholders who purchased shares of Macquarie Infrastructure Corporation (NYSE: MIC) from February 22, 2016 through February 21, 2018, both dates inclusive (the "Class Period") of the important June 25, 2018 lead plaintiff deadline in the class action. The lawsuit seeks to recover damages for Macquarie investors under the federal securities laws. To join the Macquarie class action, go to or call Vik Pawar, Esq. toll-free at 888-589-9804 or email for information on the class action.

No class has yet been certified in the above action. Until a class is certified, you are not represented by counsel unless you retain one. You may also remain an absent class member and do nothing at this point. You may retain counsel of your choice.

According to the lawsuit, defendants during the Class Period made materially false and/or misleading statements and/or failed to disclose that: (1) Macquarie's International-Matex Tank Terminals' ("IMTT") performance and utilization were at risk of significant decline due to ongoing industrywide changes in the market for heavy residual oils, and in particular, declining demand and pricing for No. 6 fuel oil; (2) IMTT relied significantly on demand for storage of heavy residual fuel oils, including No. 6 fuel oil; and (3) Macquarie needed to undertake significant capital expenditures to repurpose IMTT storage tanks to accommodate alternative products. When the true details entered the market, the lawsuit claims that investors suffered damages.

A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than June 25, 2018. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to to join the class action. You may also contact Vik Pawar of Pawar Law Group toll-free at 888-589-9804 or via email at

Pawar Law Group represents investors from around the world.

Attorney Advertising. Prior results do not guarantee a similar outcome.


Vik Pawar, Esq.
Pawar Law Group
20 Vesey Street, Suite 1210
New York, NY 10007
Tel: (917) 261-2277
Fax: (212) 571-0938

SOURCE: Pawar Law Group

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