INVESTOR ALERT: Goldberg Law PC Announces Securities Class Action Lawsuit Against Ability, Inc. and Encourages Investors with Losses to Contact the Firm

LOS ANGELES--()--Goldberg Law PC (www.Goldberglawpc.com) announces that a class action lawsuit has been filed against Ability, Inc. ("Ability" or the "Company") (Nasdaq: ABIL). Investors who purchased or otherwise acquired shares between September 8, 2015 and April 29, 2016 (the “Class Period”), are encouraged to contact the firm in advance of the July 25, 2016 lead plaintiff motion deadline.

If you are a shareholder who suffered a loss during the Class Period, click here to participate. In addition, we advise you to contact Michael Goldberg or Brian Schall, of Goldberg Law PC, 1999 Avenue of the Stars, Suite 1100, Los Angeles, CA 90067, at 800-977-7401, to discuss your rights without cost to you. You can also reach us through the firm’s website at http://www.Goldberglawpc.com, or by email at info@goldberglawpc.com.

The class in this case has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.

According to the complaint, the Company issued false and misleading statements to investors and/or failed to disclose that: Ability overstated its income by not accounting for commissions; Ability materially overstated its operating results by improperly recognizing revenue on multiple element sales transactions; the Company has material weaknesses in its internal controls; and as a result of the above, the Company’s financial statements for the years ending December 31, 2013 and 2014 were materially false and misleading, and not prepared in accordance with U.S. Generally Accepted Accounting Principles.

Goldberg Law PC represents shareholders around the world and specializes in securities class actions and shareholder rights litigation.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts

Goldberg Law PC, Los Angeles
Michael Goldberg, Esq., 800-977-7401
Brian Schall, Esq., 800-977-7401
info@goldberglawpc.com

Contacts

Goldberg Law PC, Los Angeles
Michael Goldberg, Esq., 800-977-7401
Brian Schall, Esq., 800-977-7401
info@goldberglawpc.com