NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Ormat Technologies, Inc. (NYSE: ORA) resulting from allegations that Ormat may have issued materially misleading business information to the investing public.
On May 16, 2018, Ormat announced that it will restate its second, third and fourth quarter 2017, and its full-year 2017 financial statements. Ormat stated that investors should no longer rely upon Ormat’s previously issued financial statements, earnings releases, and other communications relating to these financial statements for those periods. Ormat also disclosed that it is further delaying the filing of its quarterly report on Form 10-Q for the first quarter of 2018 with the Securities and Exchange Commission (“SEC”). On this news, shares of Ormat fell sharply during pre-market trading on May 16, 2018.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Ormat investors. If you purchased shares of Ormat please visit the firm’s website at 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 firstname.lastname@example.org or email@example.com.
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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.
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