Key Developments: Ocean Power Technologies Inc (OPTT.OQ)

OPTT.OQ on NASDAQ Stock Exchange Global Market

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Latest Key Developments (Source: Significant Developments)

Ocean Power Technologies Inc appoints George H. Kirby as president and CEO
Monday, 5 Jan 2015 04:12pm EST 

Ocean Power Technologies Inc:Appointed George H. Kirby as president, chief executive officer (CEO), and director effective Jan. 20, 2015.  Full Article

Ocean Power Technologies Receives $1.1 million through New Jersey's Technology business tax certificate transfer program
Thursday, 18 Dec 2014 10:19am EST 

Ocean Power Technologies:Receives about $1.1 mln through the State of New Jersey's Business Tax Certificate Transfer Program (the Program).Program enables companies to raise cash to finance their growth and operations and is administered by the New Jersey Economic Development Authority (NJEDA) and the New Jersey Department of the Treasury's Division of Taxation.  Full Article

Law Firm of Andrews & Springer LLC announces filing of lawsuit against Ocean Power Technologies Inc
Monday, 30 Jun 2014 08:15am EDT 

Ocean Power Technologies Inc:Andrews & Springer LLC, boutique securities class action law firm focused on representing shareholders nationwide.Announces that federal securities class action lawsuit has been commenced by shareholder against Ocean Power Technologies, Inc. and former CEO Charles Dunleavy for securities fraud.  Full Article

Federman & Sherwood announces filing of securities class action lawsuit against Ocean Power Technologies, Inc.
Thursday, 19 Jun 2014 03:22pm EDT 

Federman & Sherwood:Says on June 13, 2014, class action lawsuit was filed in the United States District Court for the District of New Jersey against Ocean Power Technologies, Inc.Says complaint alleges violations of federal securities laws, Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5.Including allegations of issuing a series of material or false misrepresentations to the market which had the effect of artificially inflating the market price during the Class Period, which is Jan. 14, 2014 through June 09, 2014.  Full Article

Wolf Haldenstein Adler Freeman & Herz LLP notifies investors that a securities class action has been filed against Ocean Power Technologies, Inc
Wednesday, 18 Jun 2014 05:56pm EDT 

Wolf Haldenstein Adler Freeman & Herz LLP:Says class action lawsuit has been filed against Ocean Power Technologies, Inc. in the United States District Court for the District of New Jersey.Files on behalf of all purchasers of Ocean Power Technologies securities between Jan. 14, 2014 and June 9, 2014, inclusive (Class Period).  Full Article

Class action lawsuit against Ocean Power Technologies Inc announced by Law Offices of Howard G. Smith
Tuesday, 17 Jun 2014 10:32am EDT 

Howard G. Smith:Law Offices of Howard G. Smith files class action lawsuit in the United States District Court for the Southern District of New York on behalf of all purchasers of securities of Ocean Power Technologies, Inc between Jan 14, 2014 and June 9, 2014, inclusive (Class Period).  Full Article

Rigrodsky & Long, P.A. announces securities fraud class action lawsuit against Ocean Power Technologies, Inc.
Monday, 16 Jun 2014 05:14pm EDT 

Rigrodsky & Long, P.A:Announces that a complaint has been filed in the U.S District Court on behalf of all persons or entities that purchased the common stock of Ocean Power Technologies, Inc. between Jan. 14, 2014 and June 9, 2014, inclusive (Class Period).Alleging violations of the Securities Exchange Act of 1934 against the company and certain of its officers.Complaint alleges that throughout the class period, defendants made materially false and misleading statements, and omitted materially adverse facts, about the company's business, operations and prospects.Says the company may have misstated the nature and/or circumstances of the agreement between Victorian Wave Partners Pty Ltd (VWP) and the Australian Renewable Energy Agency.Says as a result of the foregoing, defendants' statements concerning the VWP project and positive statements about Ocean Power's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis.Says as a result of defendants' alleged false and misleading statements, the company's stock traded at artificially inflated prices during the class period.  Full Article

Rosen Law Firm files securities fraud class action against Ocean Power Technologies Inc
Sunday, 15 Jun 2014 01:04pm EDT 

Rosen Law Firm, P.A:Files class action lawsuit on behalf of purchasers of Ocean Power Technologies Inc securities during the period from Jan. 14, to June 9, 2014 inclusive, seeking to recover damages for violations of federal securities laws.According to suit, beginning Jan. 14, OPTT and its CEO Charles Dunleavy made materially false and misleading statements about OPTT's relationship with Australian Renewable Energy Agency (ARENA), an agency that had issued an OPTT subsidiary a grant.  Full Article

Glancy Binkow & Goldberg LLP files class action lawsuit against Ocean Power Technologies Inc
Friday, 13 Jun 2014 06:09pm EDT 

Glancy Binkow & Goldberg LLP:Representing investors of Ocean Power Technologies, Inc files class action lawsuit in United States District Court for District of New Jersey.Files on behalf of class (Class) comprising all purchasers of Ocean Power Technologies securities between Jan. 14, 2014 and June 9, 2014, inclusive (Class Period).  Full Article

Ocean Power Technologies Inc announces changes in company leadership
Tuesday, 10 Jun 2014 02:39pm EDT 

Ocean Power Technologies Inc:Says it has terminated Charles F. Dunleavy as Chief Executive Officer and as an employee of the Company, effective June 9, 2014.Dunleavy has also been removed from his position as Chairman of the Board of Directors.David L. Keller, who has served as a Non-Executive Director of the Company since Oct 2013, has assumed the position of Interim Chief Executive Officer, effective June 09, 2014, and will continue in this position while Company searches for a permanent replacement.  Full Article

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