CLASS ACTION UPDATE for QCOM and ORA: Levi & Korsinsky, LLP Reminds Investors of Class Actions on Behalf of Shareholders
Levi & Korsinsky, LLP
Jul. 15, 2018
NEW YORK, July 15, 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; further details about the cases can be found at the links provided.
QUALCOMM Incorporated (NASDAQ:QCOM) Class Period: January 31, 2018 - March 12, 2018Lead Plaintiff Deadline: August 7, 2018
During the class period, Qualcomm had secretly filed a unilateral notice with CFIUS in order to frustrate Broadcom's attempt to acquire the Company; and investors suffered damages as a result of defendants' wrongful acts and omissions. On March 5, 2018, Broadcom announced that Qualcomm had filed a voluntary request for The Committee on Foreign Investment in the United States to initiate an investigation into Broadcom’s actions. Broadcom referred to this as a “blatant, desperate act by Qualcomm to entrench its incumbent board of directors and prevent its own stockholders from voting for Broadcom’s independent director nominees.”
To learn more about the Qualcomm class action go to: http://www.zlk.com/pslra-d/qualcomm-investigation?wire=3.
Ormat Technologies, Inc. (NYSE:ORA) Class Period: August 8, 2017 - May 15, 2018Lead Plaintiff Deadline: August 8, 2018
During the class period, PG&E allegedly made materially false and/or misleading statements and/or failed to disclose that: PG&E had failed to maintain electricity transmission and distribution networks in compliance with safety requirements and regulations promulgated under state law; consequently, PG&E was in violation of state law regulation; PG&E’s electricity networks would cause numerous wildfires in California; and as a result of the foregoing, Defendants’ statements about the Company’s business and operations were materially false and misleading at all relevant times.
To learn more about the Ormat class action go to: http://www.zlk.com/pslra-d/ormat-technologies-inc?wire=3.
You have until the lead plaintiff deadlines to request the court appoint you 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, LLPJoseph E. Levi, Esq.30 Broad Street - 24th FloorNew York, NY 10004Tel: (212) 363-7500Toll Free: (877) 363-5972Fax: (212) 363-7171www.zlk.com