Boston, Massachusetts–(Newsfile Corp. – March 1, 2021) – Block & Leviton LLP (www.blockleviton.com), a national securities litigation firm, announces that it is investigating Ormat Technologies, Inc. (NYSE: ORA) for potential violations of the federal securities laws.
Before the markets opened on March 1, 2021, analyst Hindenburg Research published a scathing report on Ormat entitled “Ormat: Dirty Dealings in ‘Clean’ Energy.” In its report, Hindenburg wrote that Ormat “has engaged in what we believe to be widespread and systematic acts of intentional corruption.” Hindenburg continued that it “expect[s] the blowback to these revelations to be severe, threatening Ormat’s contracts in its most lucrative markets.” Hindenburg further wrote that it had “uncovered evidence tying Ormat to corruption with senior government officials,” and Hindenburg alleged 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.” On this news, shares have fallen in premarket trading.
Block & Leviton LLP (www.blockleviton.com) is investigating whether Ormat and certain of its executives may be liable for securities fraud. If you purchased or acquired shares of Ormat and have questions about your legal rights or possess information relevant to this investigation, please contact Block & Leviton attorneys at (617) 398-5600, via email at [email protected], or visit our website for information on the case.
Block & Leviton LLP is a firm dedicated to representing investors and maintaining the integrity of the country’s financial markets. The firm represents many of the nation’s largest institutional investors as well as individual investors in securities litigation throughout the United States. The firm’s lawyers have recovered billions of dollars for its clients.
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CONTACT:
BLOCK & LEVITON LLP
260 Franklin St., Suite 1860
Boston, MA 02110
Phone: (617) 398-5600
Email: [email protected]
SOURCE: Block & Leviton LLP
www.blockleviton.com
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