NEW YORK, May 14, 2018 /PRNewswire/ -- Bernstein Liebhard LLP
is investigating potential securities fraud claims on behalf of shareholders of Ormat Technologies, Inc. ("Ormat" or the
"Company") (NYSE: ORA). If you purchased Ormat securities, and/or have information relating to this matter, please visit our
ORMAT SHAREHOLDER PAGE or
contact Daniel Sadeh toll free at (877) 779-1414 or dsadeh@bernlieb.com.
On May 11, 2018, Ormat disclosed that it's delaying the filing of its Quarterly Report for the
period ended March 31, 2018 with the SEC because "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 "[t]he 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 stock fell sharply during intraday trading on May 14, 2018.
Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition
to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the
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and class actions, the Firm has been named to The National Law Journal's "Plaintiffs' Hot List" thirteen times and listed
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Contact Information
Daniel Sadeh
Bernstein Liebhard LLP
http://www.bernlieb.com
(877) 779-1414
dsadeh@bernlieb.com
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SOURCE Bernstein Liebhard LLP