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1, ¶42); (e) That "financial reporting should provide information about how management of an enterprise has discharged its stewardship responsibility to owners (stockholders) for the use of enterprise resources entrusted to it" (FASB Statement of Concepts No. 1, ¶50); (f) That "financial reporting should be reliable in that it represents what it purports to represent" (FASB Statement of Concepts No. 2, ¶¶ 58-59); (g) That "completeness, meaning that nothing is left out of the information that may be necessary to insure that it validly represents underlying events and conditions" (FASB Statement of Concepts No. 2, ¶79); and (h) That "conservatism be used as a prudent reaction to uncertainty to try to ensure that uncertainties and risks inherent in business situations are adequately considered" (FASB Statement of Concepts No. 2, ¶95). 56. The adverse information concealed by Defendants during the Class Period and detailed above was in violation of Item 303 of Regulation S-K under the federal securities law (17 C.F.R. §229.303). PLAINTIFF'S CLASS ACTION ALLEGATIONS 57. Plaintiff brings this action as a class action pursuant to Rule 23 of the Federal Rules of Civil Procedure on behalf of all persons who purchased Ormat securities during the Class Period (the "Class"), including those who purchased the Company's securities pursuant or traceable to the Company's public offering on or about May 9, 2008. Excluded from the Class are defendants, directors and officers of Ormat and their families and affiliates. 21PDF Image | ORMAT TECHNOLOGIES Lawsuit
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