NEW YORK, Aug. 07, 2018 (GLOBE NEWSWIRE) -- Levi & Korsinsky, LLP announces that class action lawsuits have
commenced on behalf of shareholders of the following publicly-traded companies. Shareholders interested in serving as lead
plaintiff have until the deadlines listed to petition the court and further details about the cases can be found at the links
provided. There is no cost or obligation to you.
Ormat Technologies, Inc. (NYSE:ORA)
Class Period: August 8, 2017 - May 15, 2018
Lead Plaintiff Deadline: August 8, 2018
Join the action: http://www.zlk.com/pslra-d/ormat-technologies-inc?wire=3
The lawsuit alleges: Ormat Technologies, Inc. made materially false and/or misleading statements and/or failed to disclose that:
(1) 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; (2) 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; (3) Ormat’s internal controls over financial reporting were ineffective; (4) Ormat would need to restate its
second, third and fourth quarter 2017 financial statements and its full-year 2017 financial statements; and (5) 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.
To learn more about the ORA class action contact jlevi@levikorsinsky.com.
Facebook, Inc. (NASDAQ:FB)
Class Period: October 1, 2017 - July 26, 2018
Lead Plaintiff Deadline: September 25, 2018
Join the action: http://www.zlk.com/pslra-d/facebook-2?wire=3
The lawsuit alleges that, during the class period, Facebook, Inc. made materially false and/or misleading statements and/or
failed to disclose that: (i) the implementation of the General Data Protection Regulation (“GDPR”), which was adopted by the
European Union on or around April 14, 2016, would have a foreseeable and materially negative impact on use of the Platform, revenue
growth, and profitability because the informed consent required by the GDPR resulted in many users rejecting Facebook’s privacy
policies and/or procedures and exposed a significant number of fake accounts on the platform; (ii) by May 25, 2018, Facebook’s
Platform use and revenue growth had already begun to decline as a result of Facebook’s efforts to comply with the GDPR; (iii) the
decline in Facebook’s Platform use and the increase in costs as a result of complying with the GDPR had a materially adverse effect
on Facebook’s financial health, including its revenue and projected growth; and (iv) as a result, Facebook’s public statements were
materially false and misleading at all relevant times.
To learn more about the FB class action contact jlevi@levikorsinsky.com.
You have until the lead plaintiff deadlines to request the court appoint as lead plaintiff. Your ability to share in any
recovery doesn’t require that you serve as a lead plaintiff.
Levi & Korsinsky is a national firm with offices in New York, California, Connecticut, and Washington D.C. The firm’s attorneys
have extensive expertise and experience representing investors in securities litigation, and have recovered hundreds of millions of
dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
jlevi@levikorsinsky.com
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
