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ONGOING INVESTIGATION REMINDER: The Schall Law Firm Announces it is Investigating Claims Against Ormat Technologies, Inc. and Encourages Investors with Losses of $100,000 to Contact the Firm

March 04, 2021 | About:

PR Newswire

LOS ANGELES, March 4, 2021 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Ormat Technologies, Inc. ("Ormat" or "the Company") (NYSE: ORA) for violations of the securities laws.

The investigation focuses on whether the Company issued false and/or misleading statements and/or failed to disclose information pertinent to investors. Ormat is the subject of a report published by Hindenburg Research on March 1, 2021, titled, "Ormat: Dirty Dealings in 'Clean' Energy." According to the report, the Company "has engaged in what we believe to be widespread and systematic acts of intentional corruption." Hindenburg adds that it "expect[s] the blowback to these revelations to be severe, threatening Ormat's contracts in its most lucrative markets." The report alleges that Hindenburg "uncovered evidence tying Ormat to corruption with senior government officials," and states that there is "direct evidence tying Ormat to corruption with senior Guatemalan government officials" and that "Ormat paid contractors in Kenya tied to corrupt government officials."

If you are a shareholder who suffered a loss, click here to participate.

We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].

The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.

CONTACT:

The Schall Law Firm
Brian Schall, Esq.
310-301-3335
[email protected]
www.schallfirm.com

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/ongoing-investigation-reminder-the-schall-law-firm-announces-it-is-investigating-claims-against-ormat-technologies-inc-and-encourages-investors-with-losses-of-100-000-to-contact-the-firm-301240957.html

SOURCE The Schall Law Firm


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