September 4, 2015 (Shareholders Foundation) - An investigation on behalf of investors of Digital Ally, Inc. (NASDAQ:DGLY) shares over potential securities laws violations by Digital Ally, 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 Digital Ally, Inc. (NASDAQ:DGLY) concerning whether a series of statements by Digital Ally regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

Lenexa, KS based Digital Ally, Inc. produces digital video imaging and storage products for use in law enforcement, security and commercial applications. Digital Ally, Inc. reported that its annual Total Revenue declined from $17.83 million in 2013 to $17.44 million in 2014 and that its respective Net Loss increased from $2.5 million to $9.16 million.

On September 2, 2015, pre-market, TASER International announced that the U.S. Patent and Trademark Office had rejected all 20 claims of Digital Allys U.S. Patent 8,781,292, describing an auto-activated video recording platform (utilized in large part by police departments and private security), in response to an ex parte reexamination request filed by TASER.