Ability shareholders have an opportunity to recover their investment losses.
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Rosen Law Firm announces the filing of a class action lawsuit on behalf of purchasers of the common stock of Ability, Inc. (NASDAQ: ABIL) from September 8, 2015 through April 29, 2016, inclusive (the “Class Period”) resulting from allegations that Ability may have issued materially misleading business information to the investing public.
If you purchased shares of Ability from September 8, 2015 through April 29, 2016, and would like to join the action, please click "Join This Class Action" above.
EQUITY ALERT: Rosen Law Firm Announces Filing of Securities Class Action Lawsuit Against Ability, Inc. - ABIL
New York, N.Y., May 25, 2016. Rosen Law Firm, a global investor rights law firm, announces that a class action lawsuit on behalf of purchasers of the common stock of Ability, Inc. (NASDAQ: ABIL) from September 8, 2015 through April 29, 2016, inclusive (the “Class Period”). The lawsuit seeks to recover damages for Ability investors under the federal securities laws.
To join the Ability class action, go to the firm’s website at http://rosenlegal.com/cases-891.html or call Phillip Kim, Esq. or Kevin Chan, Esq. toll free at 866-767-3653 or email firstname.lastname@example.org or email@example.com for more information on the class action.
NO CLASS HAS YET BEEN CERTIFIED IN THE ABOVE ACTION. UNTIL A CLASS IS CERTIFIED, YOU ARE NOT REPRESENTED BY COUNSEL UNLESS YOU RETAIN ONE. YOU MAY ALSO REMAIN AN ABSENT CLASS MEMBER AND DO NOTHING AT THIS POINT. YOU MAY RETAIN COUNSEL OF YOUR CHOICE.
According to the lawsuit, throughout the Class Period defendants issued false and misleading statements to investors and/or failed to disclose that: (1) Ability materially overstated its income by failing to account for commissions; (2) Ability materially overstated its operating results by improperly recognizing revenue on multiple element sales transactions; (3) Ability has material weaknesses in its internal controls; (4) as a result of the foregoing, Ability’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. The suit claims that investors were damaged as a result of the alleged fraud.
A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than July 25, 2016. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation. If you wish to join the litigation, go to the firm’s website at http://rosenlegal.com/cases-891.html for more information. You may also contact Phillip Kim, Esq. or Kevin Chan, Esq. of Rosen Law Firm toll free at 866-767-3653 or via email at firstname.lastname@example.org or email@example.com.
Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation.
Laurence Rosen, Esq.
Phillip Kim, Esq.
Kevin Chan, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 34th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827