LOS ANGELES--(BUSINESS WIRE)--Glancy Prongay & Murray LLP (“GPM”) announces an investigation on behalf of investors of Ability Inc. (“Ability” or the “Company”) (NASDAQ: ABIL) concerning the Company and its officers’ possible violations of federal securities laws. GPM is preparing a lawsuit on behalf of injured investors.
Ability provides tactical communications intelligence solutions for government agencies, military forces, law enforcement and homeland security agencies worldwide.
On May 2, 2015, the Company announced that its 2015, 2014, 2013 and 2012 financial statements have been restated; and, that the Company had identified errors with revenue recognition practices and with respect to previously unrecognized commissions owed to a vendor. The Company also announced that the Company’s audit committee has initiated an investigation and expects to engage external consultants to assist in the investigation. On this news shares of Ability declined sharply in value thereby damaging investors.
If you purchased Ability securities, have information or would like to learn more about these claims, or have any questions concerning this announcement or your rights or interests with respect to these matters, please contact Lesley Portnoy, Esquire, of GPM, 1925 Century Park East, Suite 2100, Los Angeles, California 90067 at 310-201-9150, Toll-Free at 888-773-9224, by email to firstname.lastname@example.org, or visit our website at http://www.glancylaw.com. If you inquire by email please include your mailing address, telephone number and number of shares purchased.
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