Holzer Holzer & Fistel, LLC Announces That a Shareholder Class Action Lawsuit Has Been Filed Against Ormat Technologies, Inc.
10 Março 2010 - 7:10AM
Holzer Holzer & Fistel, LLC announces that a class action
lawsuit has been filed in the United States District Court for the
District of Nevada against Ormat Technologies, Inc ("Ormat" or the
"Company") (NYSE:ORA) and certain of its officers. The complaint
alleges, among other things, that Ormat engaged in improper
accounting practices by failing to expense costs relating to
exploration and development projects after the Company abandoned
the projects.
Holzer Holzer & Fistel, LLC is currently investigating
whether certain officers and directors of Ormat complied with the
fiduciary duties they owed to the Company and its shareholders in
connection with the conduct alleged in the class action
lawsuit. If you have continuously owned Ormat common stock
since at least May 2008 and are interested in learning more about
your legal rights, you are encouraged to contact Holzer Holzer
& Fistel, LLC and its attorneys Michael I. Fistel, Esq. or
Marshall P. Dees, Esq. via email at mfistel@holzerlaw.com or
mdees@holzerlaw.com, or via toll-free telephone at (888)
508-6832.
Holzer Holzer & Fistel, LLC is an Atlanta, Georgia law firm
that dedicates its practice to vigorous representation of
shareholders and investors in litigation nationwide, including
shareholder class action and derivative litigation. More
information about the firm is available through its website,
www.holzerlaw.com and upon request from the firm. Holzer Holzer
& Fistel, LLC has paid for the dissemination of this
promotional communication, and Michael I. Fistel, Jr. is the
attorney responsible for its content.
CONTACT: Holzer Holzer & Fistel, LLC
Michael I. Fistel, Esq.
mfistel@holzerlaw.com
Marshall P. Dees, Esq.
mdees@holzerlaw.com
(888) 508-6832
200 Ashford Center North, Suite 300
Atlanta, GA 30338
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