INVESTOR ALERT: Kirby McInerney LLP Announces Investigation on Behalf of Ormat Technologies, Inc. (ORA) Investors
May 25 2018 - 1:48PM
Business Wire
The law firm of Kirby McInerney LLP announced today an
investigation on behalf of Ormat Technologies, Inc. (“Ormat” or the
“Company”) (NYSE: ORA) investors concerning officers’ possible
violations of federal securities laws.
On May 11, 2018, Ormat disclosed that the Company would delay
the filing of its Quarterly Report for the period ended March 31,
2018, stating that “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 “the 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 share price fell from $56.19 to close at
$52.77 on May 14, 2018 (a decline of $3.42 or 6.09%).
If you purchased or otherwise acquired Ormat securities, have
information or would like to learn more about these claims, please
contact Thomas W. Elrod of Kirby McInerney LLP at 212-371-6600, by
email at telrod@kmllp.com, or by
filling out this contact form to discuss your rights or interests
with respect to these matters without any cost to you.
Kirby McInerney LLP is a New York-based plaintiffs’ law firm
concentrating in securities, antitrust, whistleblower and consumer
litigation. The firm’s efforts on behalf of shareholders in
securities litigation have resulted in recoveries totaling billions
of dollars. Additional information about the firm can be found at
Kirby McInerney LLP’s website: http://www.kmllp.com.
This press release may be considered Attorney Advertising in
some jurisdictions under the applicable law and ethical rules.
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version on businesswire.com: https://www.businesswire.com/news/home/20180525005594/en/
Kirby McInerney LLPThomas W. Elrod,
212-371-6600http://www.kmllp.comtelrod@kmllp.com
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