SHAREHOLDER ALERT: Kaskela Law LLC Announces Investigation of Ormat Technologies Inc. on Behalf of Investors
09 Junho 2018 - 10:00AM
Business Wire
Kaskela Law LLC is investigating Ormat Technologies Inc. (NYSE:
ORA) (“Ormat” or the “Company”) on behalf of the Company’s
investors.
Ormat investors are encouraged to contact Kaskela Law LLC (D.
Seamus Kaskela, Esquire) at (484) 258 – 1585 or (888) 715 – 1740,
or via email at skaskela@kaskelalaw.com, to discuss this
investigation and their legal rights and options. Additional
information about this investigation may also be found at
www.kaskelalaw.com/case/ormat.
On May 11, 2018, Ormat reported to the U.S. Securities and
Exchange Commission (“SEC”) that it was “not able to file its
Quarterly Report on Form 10-Q for the quarter ended March 31, 2018
(the ‘Q1 Form 10-Q’) within the prescribed time period” because
management had “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.” Following this news, shares of the
Company’s stock fell $3.42 per share, or over 6%, to close on May
14, 2018 at $52.77, on heavy trading volume.
Then, on May 16, 2018, Ormat disclosed that it would “restate
its second, third and fourth quarter 2017 financial statements and
its full-year 2017 financial statements.” Additionally, Ormat
cautioned that “investors should no longer rely upon the Company's
previously issued financial statements for the periods set forth
above, earnings releases for these periods, and other
communications relating to these financial statements.”
Ormat investors are encouraged to contact Kaskela Law LLC to
discuss this investigation and their legal rights and options.
Kaskela Law LLC exclusively represents investors in state and
federal courts throughout the country. For additional information
about Kaskela Law LLC please visit www.kaskelalaw.com. This notice
may constitute attorney advertising in certain jurisdictions.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180609005003/en/
Kaskela Law LLCD. Seamus Kaskela, Esq.201 King of Prussia
RoadSuite 650Radnor, PA
19087484-258-1585888-715-1740skaskela@kaskelalaw.comwww.kaskelalaw.com
Ormat Technologies (NYSE:ORA)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024
Ormat Technologies (NYSE:ORA)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024
