Rosen Law Firm, a global investor rights law firm, reminds purchasers of
Ormat Technologies, Inc. (NYSE:ORA) from August 8, 2017 and May 15,
2018, both dates inclusive (the “Class Period”) of the important August
10, 2018 lead plaintiff deadline in the class action. The lawsuit seeks
to recover damages for Ormat investors under the federal securities laws.
To join the Ormat class action, go to http://www.rosenlegal.com/cases-1344.html
or call Phillip Kim, Esq. or Zachary Halper, Esq. toll-free at
866-767-3653 or email firstname.lastname@example.org
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, throughout the Class Period defendants made
false and/or misleading statements and/or failed to disclose that: (1)
there were errors in the income tax provision primarily relating to
Ormat’s valuation allowance based on its ability to utilize foreign tax
credits in the U.S. prior to their expiration; (2) Ormat netted certain
deferred income tax assets and deferred income tax liabilities across
different tax jurisdictions that are not permitted to be netted pursuant
to United States generally accepted accounting principles; (3) Ormat’s
internal controls over financial reporting were ineffective; (4) Ormat
would need to restate its second, third and fourth quarter 2017
financial statements and its full-year 2017 financial statements; and
(5) as a result, defendants’ statements about Ormat’s business,
operations and prospects were materially false and misleading and/or
lacked a reasonable bases at all relevant times. 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 August 10, 2018.
If you wish to join the litigation, go to http://www.rosenlegal.com/cases-1344.html
to join the class action. You may also contact Phillip Kim or Zachary
Halper of Rosen Law Firm toll free at 866-767-3653 or via email at email@example.com
Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm
or on Twitter: https://twitter.com/rosen_firm.
Rosen Law Firm represents investors throughout the globe, concentrating
its practice in securities class actions and shareholder derivative
litigation. Rosen Law Firm was Ranked No. 1 by ISS Securities Class
Action Services for number of securities class action settlements in
2017. The firm has been ranked in the top 3 each year since 2013.
Attorney Advertising. Prior results do not guarantee a similar outcome.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180619006383/en/