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Ability Inc (NASDAQ:ABIL) Investor Investigation Over Potential Violations Of Securities Laws Announced

  • If you purchased shares of Ability Inc (NASDAQ:ABIL), you have certain options and you should contact the Shareholders Foundation, Inc.

  • To have your information reviewed for options and to receive notifications about this investigation, please send an email to mail@shareholdersfoundation.com, or call us at (858) 779-1554.

Investigation Overview

Company
Ability Inc
Security
NASDAQ: ABIL

Summary

May 11, 2016 (Shareholders Foundation) - An investigation on behalf of investors of Ability Inc (NASDAQ:ABIL) shares over potential securities laws violations by Ability Inc and certain of its directors and officers in connection certain financial statements was announced.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Ability Inc (NASDAQ:ABIL) concerning whether a series of statements by Ability Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On May 2, 2016, Ability Inc (NASDAQ:ABIL) released an annual report on Form 20-F disclosing that it would be restating its financial results for the two years ending December 31, 2014. Ability Inc admitted that it improperly allocated and timed its revenue recognition, and failed to recognize commissions due to a third party.

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