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:
or contact Eduard Korsinsky, Esq. either via email at email@example.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.
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
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SOURCE Levi & Korsinsky, LLP