NEW YORK, May 14, 2018 /PRNewswire/ -- Bernstein Liebhard
LLP is investigating potential securities fraud claims on behalf of
shareholders of Ormat Technologies, Inc. ("Ormat" or the "Company")
(NYSE: ORA). If you purchased Ormat securities, and/or have
information relating to this matter, please visit our ORMAT
SHAREHOLDER PAGE or contact Daniel
Sadeh toll free at (877) 779-1414 or
dsadeh@bernlieb.com.
On May 11, 2018, Ormat disclosed
that it's delaying the filing of its Quarterly Report for the
period ended March 31, 2018 with the
SEC because "management has identified an error in the Company's
financial statement presentation of deferred income tax assets and
deferred income tax liabilities that affects the Company's balance
sheets in previous reporting periods." Ormat further disclosed that
"[t]he Company is evaluating the impact of this error on its
consolidated financial statements and the extent to which the
Company's annual and quarterly consolidated financial statements
filed in previous periods require revision or amendment."
On this news, Ormat's stock fell sharply during intraday trading
on May 14, 2018.
Since 1993, Bernstein Liebhard LLP has recovered over
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addition to representing individual investors, the Firm has been
retained by some of the largest public and private pension funds in
the country to monitor their assets and pursue litigation on their
behalf. As a result of its success litigating hundreds of lawsuits
and class actions, the Firm has been named to The National Law
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Contact Information
Daniel Sadeh
Bernstein Liebhard LLP
http://www.bernlieb.com
(877) 779-1414
dsadeh@bernlieb.com
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SOURCE Bernstein Liebhard LLP