LOS ANGELES--(BUSINESS WIRE)--Lundin Law PC announces a class action lawsuit has been filed against Ability, Inc. (“Ability” or the “Company”) (Nasdaq: ABIL) concerning possible violations of federal securities laws between September 8, 2015 and April 29, 2016. Investors who purchased or otherwise acquired shares during the Class Period should contact the Firm in advance of the July 25, 2016, lead plaintiff motion deadline.
To participate in this class action lawsuit, please contact Brian Lundin, Esquire, of Lundin Law PC, at 888-713-1033, or via e-mail at email@example.com.
No class has been certified in the above action. Until a class is certified, you are not considered represented by an attorney. You may also choose to do nothing and be an absent class member.
According to the complaint, the Company failed to disclose that: (1) Ability overstated its income by not accounting for commissions; and (2) Ability materially overstated its operating results by improperly recognizing revenue on multiple element sales transactions.
Lundin Law PC was created by Brian Lundin, a securities litigator based in Los Angeles.
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