SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation of Ability, Inc. (ABIL)

NEW YORK, May 3, 2016 /PRNewswire/ -- Attorney Advertising -- Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of the securities of Ability, Inc. ("Ability" or "the Company") (NASDAQ: ABIL). Such investors are advised to contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz at [email protected] or 212-697-6484.

This investigation concerns whether Ability and certain of its officers and/or directors have violated the Federal Securities Laws under the Securities Exchange Act of 1934 (the "Exchange Act"). 

On May 2, 2016, Ability released its annual report, Form 20-F, and said that it would be restating its financial ends for the two years ending December 31, 2014. Ability confessed that it wrongly accounted for its revenue recognition, and failed to recognize commissions due to a third party. Following this news, Ability dropped and closed at $4.90 per share on May 2, 2016.

If you are aware of any facts relating to this investigation, or purchased shares of Ability you can assist this investigation by visiting the firm's website: http://www.bgandg.com/#!abil/iawi1. You can also contact Peretz Bronstein or his Investor Relations Analyst, Yael Hurwitz of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email [email protected]. Those who inquire by e-mail are encouraged to include their mailing address, email and telephone number.

Bronstein, Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate and commercial litigation, as well as securities arbitration. Attorney advertising. Prior results do not guarantee similar outcomes.

Contact:
Bronstein, Gewirtz & Grossman, LLC
Peretz Bronstein or Yael Hurwitz
212-697-6484 | [email protected]

SOURCE Bronstein, Gewirtz & Grossman, LLC

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