NEW YORK--(BUSINESS WIRE)--Levi & Korsinsky announces it has commenced an investigation of Ormat Technologies, Inc. (“Ormat” or “the Company”) (NYSE: ORA) concerning possible violations of federal securities laws.
On May 11, 2018, Ormat filed a 10-Q disclosing the discovery of “an error in the Company’s financial statement presentation of deferred income tax liabilities” which would affect the Company’s balance sheets in previous periods. Then on May 16, 2018, Ormat announced that investors should no longer rely on its previously issued financial statements for the second, third and fourth quarter of 2017 and full-year 2017. To obtain additional information, go to:
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