Thieler Law Corp advises investors with losses exceeding $100,000 of the July 25, 2016 lead plaintiff deadline in a class action lawsuit filed against Ability Inc (NASDAQ:ABIL) (“Ability” or “the Company”). The suit is pending in the U.S. District Court for the Southern District of New York and investors, who purchased Ability Inc securities between September 8, 2015 and April 29, 2016, have until July 25, 2016 to move for lead plaintiff. You do not need to move for lead plaintiff to be a member of the Class.

If you purchased Ability Inc securities during the Class Period, and have losses over $100,000, you may contact Thieler Law Corp by calling at (619) 377 - 4324 or emailing mail@thielerlaw.com . No class has been certified in this case, and if your losses are less than $100,000 you are still a member of the class.

The complaint alleges that during the Class Period defendants made false and misleading statements and/or allegedly failed to disclose that Ability materially overstated its income by failing to account for commissions; Ability materially overstated its operating results by improperly recognizing revenue on multiple element sales transactions; Ability has material weaknesses in its internal controls; 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.

On May 2, 2016, annual report stated that the Company would restate its financial results for 2013 and 2014. Ability had identified errors with revenue recognition practices and with respect to previously unrecognized commissions owed to a vendor.

Following this news, Ability shares declined sharply in value thereby damaging investors.

If you were negatively impacted by your investment in Ability Inc securities between September 8, 2015 and April 29, 2016 and would like to learn more about this lawsuit and your ability to participate as a lead plaintiff, please contact us for your no-cost evaluation.

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