Lawsuit Ormat Technologies

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Lawsuit Ormat Technologies ( lawsuit-ormat-technologies )

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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 UNITED STATES DISTRICT COURT DISTRICT OF NEVADA WAYNE SZYMBORSKI, on behalf of himself ) and all others similarly situated, ) ) Case No.: 3:10-CV-132-RCJ Plaintiffs, ) ) v. ) ) ORDER ORMATTECHNOLOGIES,INC.,YEHUDIT ) BRONICKI, JOSEPH TENNE, ) ) Defendants. ) ) ___________________________________ ) Currently before the Court is Plaintiffs’ Unopposed Motion for Final Approval of the Proposed Settlement, Class Certification and the Plan of Allocation (#103); and Plaintiff’s Unopposed Motion for Attorneys’ Fees and Reimbursement of Expenses (#105). BACKGROUND On June 3, 2010, the Court consolidated three class action suits alleging violations of federal securities laws against Ormat Technologies, Inc. (“Ormat”) and individual officers of Ormat. Plaintiffs Jianxun Dong, George Umino, and A.R.D. Investment Club, L.P. (“Lead Plaintiffs”) were appointed lead plaintiffs in the consolidated class action. On March 3, 2011, the Court partially granted (#56) a motion to dismiss. On March 27, 2012, the parties filed a Stipulation of Settlement (#97), and on March 30, 2012, the Court signed an Order Preliminarily Approving Settlement (#98). A hearing for final approval of the settlement was set for October 1, 2012, and notice was sent to the class members of the proposed settlement terms and procedure to object to, or to request an exclusion from, the settlement. The final date to submit objections or to request an exclusion Case 3:10-cv-00132-RCJ-WGC Document 117 Filed 10/16/12 Page 1 of 7

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