Former United States Securities and Exchange Commission attorney Willie Briscoe is investigating potential claims against the Board of Directors of U.S. Geothermal Inc. (“U.S. Geothermal”) (NYSE American: HTM) concerning the merger with Ormat Nevada Inc. Under the terms of the agreement, valued at approximately $109 million, U.S. Geothermal shareholders will only receive $5.45 in cash per U.S. Geothermal share held.
If you are an affected investor, and you want to learn more about the investigation or if you have information that you believe would be helpful to our investigation of the fairness of the proposed transaction, contact Willie Briscoe at The Briscoe Law Firm, PLLC via email at firstname.lastname@example.org or by calling (888) 809-2750. There is no cost or fee to you.
The investigation centers on whether the Board of Directors of U.S. Geothermal is acting in the shareholders’ best interests, whether the board is properly negotiating a higher share price for the shareholders, and whether the board has employed an adequate process to review and act on the proposed transaction.
The Briscoe Law Firm, PLLC is a full-service business litigation and shareholder rights advocacy firm with more than 20 years of experience in complex litigation matters, including claims of investor and stockholder fraud, shareholder derivative suits, and securities class actions.