NEW YORK--(BUSINESS WIRE)--Rosen Law Firm, a global investor rights law firm, announces it is investigating potential securities claims on behalf of shareholders of Ability, Inc. (NASDAQ:ABIL) resulting from allegations that Ability may have issued materially misleading business information to the investing public.
On May 2, 2016, Ability 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 admitted that it improperly allocated and timed its revenue recognition, and failed to recognize commissions due to a third party. On this news, shares of Ability fell sharply during intraday trading on May 2, 2016.
Rosen Law Firm is preparing a class action lawsuit to recover losses suffered by Ability investors. If you purchased shares of Ability on or before April 29, 2016, please visit the firm’s website at http://www.rosenlegal.com/cases-891.html for more information. You may also contact Phillip Kim or Jonathan Stern of Rosen Law Firm toll free at 866-767-3653 or via email at pkim@rosenlegal.com or jstern@rosenlegal.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Attorney Advertising. Prior results do not guarantee a similar outcome.
