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NEW YORK, May 6, 2016 /PRNewswire/ -- Levi & Korsinsky announces it has commenced an investigation of Ability, Inc. ("Ability" or the "Company") (NASDAQ: ABIL) concerning possible violations of federal securities laws.
On May 2, 2016, Ability filed its annual report Form 20-F, stating that its "consolidated financial statements as of December 31, 2014 and for the two years in the period then ended have been restated to reflect correction of errors with respect to previously unrecognized commissions due to a vendor on revenues that were recognized were recognized in 2014, 2013, and 2012; and previously unrecognized commissions due to a third party on cost of revenues that were recognized in 2014." In a press release issued the same day, Ability announced the commencement of an internal investigation into the circumstances of the restatement. To obtain additional information about the investigation, go to:
http://zlk.9nl.com/ability-abil
or contact Eduard Korsinsky, Esq. either via email at ek@zlk.com or by telephone at (212) 363-7500, toll-free: (877) 363-5972.
Levi & Korsinsky is a national firm with offices in New York, New Jersey, California, Connecticut, and Washington D.C. The firm's attorneys have extensive expertise and experience representing investors in securities litigation involving financial fraud, and have recovered hundreds of millions of dollars for aggrieved shareholders. Attorney advertising. Prior results do not guarantee similar outcomes.
CONTACT:
Levi & Korsinsky, LLP
Eduard Korsinsky, Esq.
30 Broad Street - 24th Floor
New York, NY 10004
Tel: (212) 363-7500
Toll Free: (877) 363-5972
Fax: (212) 363-7171
www.zlk.com
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/investor-alert-levi--korsinsky-llp-announces-the-commencement-of-an-investigation-into-possible-securities-fraud-violations-by-certain-officers-and-directors-of-ability-inc----abil-300264462.html
SOURCE Levi & Korsinsky, LLP
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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