{"id":461023,"date":"2021-03-18T15:56:03","date_gmt":"2021-03-18T19:56:03","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=461023"},"modified":"2021-03-18T15:56:03","modified_gmt":"2021-03-18T19:56:03","slug":"investor-alert-law-offices-of-howard-g-smith-continues-investigation-of-ormat-technologies-inc-ora-on-behalf-of-investors","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-law-offices-of-howard-g-smith-continues-investigation-of-ormat-technologies-inc-ora-on-behalf-of-investors\/","title":{"rendered":"INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Ormat Technologies, Inc. (ORA) on Behalf of Investors"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">BENSALEM, Pa., March  18, 2021  (GLOBE NEWSWIRE) &#8212; Law Offices of Howard G. Smith\u00a0continues its investigation on behalf of Ormat Technologies, Inc. (&#8220;Ormat&#8221; or the &#8220;Company&#8221;) (NYSE: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=f4u0N-YVBLqgqjhT3---NCv7bu3EevAH1lXDy5uV0UGoVEfstp7KmxC6j835TIK2uNvMoSEXewdftBm0BiOEDg==\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">ORA<\/a>) investors concerning the Company and its officers\u2019 possible violations of federal securities laws.<\/p>\n<p align=\"justify\">On March 1, 2021, before the market opened, Hindenburg Research published a report entitled \u201cOrmat: Dirty Dealings in \u2018Clean\u2019 Energy.\u201d According to the report, the Company \u201chas engaged in what we believe to be widespread and systematic acts of intentional corruption,\u201d adding that it \u201cexpect[s] the blowback to these revelations to be severe, threatening Ormat\u2019s contracts in its most lucrative markets.\u201d The report alleges that Hindenburg \u201cuncovered evidence tying Ormat to corruption with senior government officials,\u201d and \u201cdirect evidence tying Ormat to corruption with senior Guatemalan government officials\u201d further noting \u201cOrmat paid contractors in Kenya tied to corrupt government officials.\u201d<\/p>\n<p align=\"justify\">On this news, Ormat\u2019s stock price fell $1.00, or 1.1%, to close at $84.67 per share on March 1, 2021, thereby injuring investors.<\/p>\n<p align=\"justify\">The same day, after the market closed, Ormat responded to the report and acknowledged that \u201c[t]he Company is aware of claims being investigated in Israel regarding Ravit Barniv, an Ormat Board member, and Hezi Kattan, the Company\u2019s General Counsel and Chief Compliance Officer.\u201d Though the \u201cclaims involve Ms. Barniv\u2019s and Mr. Kattan\u2019s work at another company, prior to joining Ormat,\u201d the Company announced that it would \u201ctransfer the responsibility for the Company\u2019s compliance function to other members of the Ormat management team until these issues are resolved.\u201d<\/p>\n<p align=\"justify\">On this news, Ormat\u2019s stock price fell $1.68, or nearly 2%, to close at $82.99 per share on March 2, 2021, thereby injuring investors further.<\/p>\n<p>If you purchased Ormat securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Howard G. Smith, Esquire, of Law Offices of Howard G. Smith, 3070 Bristol Pike, Suite 112, Bensalem, Pennsylvania 19020 by telephone at (215) 638-4847, toll-free at (888) 638-4847, or by email to\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5cC7qGr_mN02R1hhjoR_3LA8JB8UkLRZPjCVau38stxc_Vl1QJWPc2ZCmJm46xZlJJuRaBhi2bf0tXK4mtpLNihCdZ8niJfZeHtOXhPDeySBRE74AQWXlupBAViYIYYx\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">howardsmith@howardsmithlaw.com<\/a>, or visit our website at <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=TCI_4gNkpdO_6xtLFye6ym4VaqmlLCFTetQph7YWYLly1LU9NB6sMVrmRrbQVH6LieF8P3fANrmgY_KDQy__pkYvioHeD2xKxGWTMHLivTw=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.howardsmithlaw.com<\/a>.<\/p>\n<p>This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.<\/p>\n<p>\n        <strong>Contacts<\/strong><br \/>\n        <br \/>Law Offices of Howard G. Smith<br \/>Howard G. Smith, Esquire<br \/>215-638-4847<br \/>888-638-4847<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=5cC7qGr_mN02R1hhjoR_3LA8JB8UkLRZPjCVau38stzCc_DfAePqlD-DODtxy6EZ3lQXuEc6HML2_EBZ3cM4Jl_OevvAUlThDXYFkJb0CaeC47UsXDQYRciV3hm1AH0K\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">howardsmith@howardsmithlaw.com<\/a><br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=TCI_4gNkpdO_6xtLFye6ym4VaqmlLCFTetQph7YWYLmNC-TNosQjij0ELlxKpo_xTd291WFQF0GQQj8EvRGECSl84NOc5FGS3Lm89eRZyrY=\" rel=\"nofollow noopener noreferrer\" target=\"_blank\">www.howardsmithlaw.com<\/a><\/p>\n<p \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODE5Mjg2NSM0MDcxODk5IzIwMjA0MzI=\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/9a357136-a2e9-48a4-bb76-736150f937e9\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>BENSALEM, Pa., March 18, 2021 (GLOBE NEWSWIRE) &#8212; Law Offices of Howard G. Smith\u00a0continues its investigation on behalf of Ormat Technologies, Inc. (&#8220;Ormat&#8221; or the &#8220;Company&#8221;) (NYSE: ORA) investors concerning the Company and its officers\u2019 possible violations of federal securities laws. On March 1, 2021, before the market opened, Hindenburg Research published a report entitled \u201cOrmat: Dirty Dealings in \u2018Clean\u2019 Energy.\u201d According to the report, the Company \u201chas engaged in what we believe to be widespread and systematic acts of intentional corruption,\u201d adding that it \u201cexpect[s] the blowback to these revelations to be severe, threatening Ormat\u2019s contracts in its most lucrative markets.\u201d The report alleges that Hindenburg \u201cuncovered evidence tying Ormat to corruption with senior government officials,\u201d and \u201cdirect evidence &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-law-offices-of-howard-g-smith-continues-investigation-of-ormat-technologies-inc-ora-on-behalf-of-investors\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Ormat Technologies, Inc. (ORA) on Behalf of Investors&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-461023","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Ormat Technologies, Inc. (ORA) on Behalf of Investors - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/investor-alert-law-offices-of-howard-g-smith-continues-investigation-of-ormat-technologies-inc-ora-on-behalf-of-investors\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Ormat Technologies, Inc. (ORA) on Behalf of Investors - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"BENSALEM, Pa., March 18, 2021 (GLOBE NEWSWIRE) &#8212; Law Offices of Howard G. Smith\u00a0continues its investigation on behalf of Ormat Technologies, Inc. (&#8220;Ormat&#8221; or the &#8220;Company&#8221;) (NYSE: ORA) investors concerning the Company and its officers\u2019 possible violations of federal securities laws. On March 1, 2021, before the market opened, Hindenburg Research published a report entitled \u201cOrmat: Dirty Dealings in \u2018Clean\u2019 Energy.\u201d According to the report, the Company \u201chas engaged in what we believe to be widespread and systematic acts of intentional corruption,\u201d adding that it \u201cexpect[s] the blowback to these revelations to be severe, threatening Ormat\u2019s contracts in its most lucrative markets.\u201d The report alleges that Hindenburg \u201cuncovered evidence tying Ormat to corruption with senior government officials,\u201d and \u201cdirect evidence &hellip; Continue reading &quot;INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Ormat Technologies, Inc. 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On March 1, 2021, before the market opened, Hindenburg Research published a report entitled \u201cOrmat: Dirty Dealings in \u2018Clean\u2019 Energy.\u201d According to the report, the Company \u201chas engaged in what we believe to be widespread and systematic acts of intentional corruption,\u201d adding that it \u201cexpect[s] the blowback to these revelations to be severe, threatening Ormat\u2019s contracts in its most lucrative markets.\u201d The report alleges that Hindenburg \u201cuncovered evidence tying Ormat to corruption with senior government officials,\u201d and \u201cdirect evidence &hellip; Continue reading \"INVESTOR ALERT: Law Offices of Howard G. Smith Continues Investigation of Ormat Technologies, Inc. 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