NEW YORK, June 19, 2018 (GLOBE NEWSWIRE) -- The Law Offices of Vincent Wong announce that class actions have
commenced on behalf of shareholders of the following companies. If you suffered a loss you have until the lead plaintiff deadline
to request that the court appoint you as lead plaintiff.
Ormat Technologies, Inc. (NYSE:ORA)
Lead Plaintiff Deadline: August 8, 2018
Class Period: August 8, 2017 and May 15, 2018
The complaint alleges that there were errors in the income tax provision primarily relating to Ormat’s valuation
allowance based on its ability to utilize foreign tax credits in the U.S. prior to their expiration; Ormat netted certain deferred
income tax assets and deferred income tax liabilities across different tax jurisdictions that are not permitted to be netted
pursuant to United States generally accepted accounting principles; Ormat’s internal controls over financial reporting were
ineffective; Ormat would need to restate its second, third and fourth quarter 2017 financial statements and its full-year 2017
financial statements; and as a result, defendants’ statements about Ormat’s business, operations and prospects were materially
false and misleading and/or lacked a reasonable bases at all relevant times.
Get additional information: http://www.wongesq.com/pslra-c/ormat-technologies-inc-2?wire=3.
Unum Group (NYSE:UNM)
Lead Plaintiff Deadline: August 13, 2018
Class Period: January 31, 2018 and May 2, 2018
The complaint alleges that the Company was experiencing a higher claims incidence for its long-term care
business; the Company was experiencing less favorable policy terminations in connection with its long-term care business; as such,
the Company’s long-term care business loss ratio would reach the upper 90% range; and as a result of the foregoing, Defendants’
statements about Unum’s business, operations, and prospects, including statements related to the Company’s long-term care reserves
and capital management plans, were materially false and/or misleading and/or lacked a reasonable basis.
Get additional information: http://www.wongesq.com/pslra-c/unum-group?wire=3.
Vincent Wong, Esq. is an experienced attorney that has represented investors in securities litigations involving
financial fraud and violations of shareholder rights. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Vincent Wong, Esq.
39 East Broadway
Suite 304
New York, NY 10002
Tel. 212.425.1140
Fax. 866.699.3880
E-Mail: vw@wongesq.com
