Thieler Law Corp advises investors with losses exceeding $100,000 of the June 25, 2018 lead plaintiff deadline in a class action lawsuit filed against Macquarie Infrastructure Corporation (NYSE: MIC) (“Macquarie” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Macquarie Infrastructure Corporation securities between February 22, 2016 and February 21, 2018, have until June 25, 2018 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Macquarie Infrastructure Corporation securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that IMTT's 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; IMTT relied significantly on demand for storage of heavy residual fuel oils, including No. 6 fuel oil; Macquarie needed to undertake significant capital expenditures to repurpose IMTT storage tanks to accommodate alternative products; and as a result of the foregoing, Macquarie's shares traded at artificially inflated prices during the Class Period, and class members suffered significant losses and damages.

On February 21, 2018, Macquarie revealed disappointing fourth-quarter earnings of $0.43 per share, well short of analysts' estimate of $0.51 per share, and that the Company would be slashing its dividend by 31%. Macquarie blamed its poor performance on the declining use of heavy residual oil products, declining demand and prices for No. 6 fuel oil.

Following this news, NYSE: MIC fell $26.21, or 41.19%, to close at $37.41 on February 22, 2018.

If you were negatively impacted by your investment in Macquarie Infrastructure Corporation securities between February 22, 2016 and February 21, 2018 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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