An investigation for investors in 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.
Investors who purchased shares of Ability Inc (NASDAQ:ABIL), have certain options and should contact the Shareholders Foundation at firstname.lastname@example.org or call +1(858) 779 – 1554.
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.
Shares of Ability Inc (NASDAQ:ABIL) declined to as low as $2.77 per share on May 6, 2016.
Those who purchased NASDAQ:ABIL shares have certain options and should contact the Shareholders Foundation.
Shareholders Foundation, Inc.
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