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Company's finances, operations, and sales at all relevant times; and (iv) each of these defendants was aware of the Company's dissemination of information to the investing public which they knew or recklessly disregarded was materially false and misleading. 93. The defendants had actual knowledge of the misrepresentations and omissions of material facts set forth herein, or acted with reckless disregard for the truth in that they failed to ascertain and to disclose such facts, even though such facts were available to them. Such defendants' material misrepresentations and/or omissions were done knowingly or recklessly and for the purpose and effect of concealing Ormat financial well-being and reporting from the investing public and supporting the artificially inflated price of its securities. As demonstrated by defendants' overstatements and misstatements of the Company's financial well-being and reporting throughout the Class Period, defendants knowingly or recklessly failed to take those steps necessary to discover whether those statements were false or misleading. 94. As a result, the market price of Ormat's securities was artificially inflated during the Class Period. Relying directly or indirectly on the false and misleading statements made by defendants, Plaintiff and the other members of the Class acquired Ormat securities during the Class Period at artificially high prices and were damaged thereby. 95. As a direct and proximate result of defendants' wrongful conduct, Plaintiff and the other members of the Class suffered damages in connection with their respective purchases and sales of the Company's securities during the Class Period. FIFTH CLAIM Violation of Section 20(a) of The Exchange Act the Individual Defendants 96. Plaintiff repeats and realleges each and every allegation contained above as if fully set forth herein. 31PDF Image | ORMAT TECHNOLOGIES Lawsuit
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