San Diego, CA -- (SBWIRE) -- 05/11/2016 -- An investigation was announced for investors of Ability Inc (NASDAQ:ABIL) shares over potential securities laws violations by Ability Inc in connection certain financial statements.

Investors who purchased shares of Ability Inc (NASDAQ:ABIL), have certain options and should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

The investigation by a law firm focuses on possible claims on behalf of purchasers of the securities of Ability Inc (NASDAQ:ABIL) concerning whether a series of statements by Ability Inc regarding its business, its prospects and its operations were materially false and misleading at the time they were made.

On May 2, 2016, Ability Inc (NASDAQ:ABIL) released an annual report on Form 20-F disclosing that it would be restating its financial results for the two years ending December 31, 2014. Ability Inc admitted that it improperly allocated and timed its revenue recognition, and failed to recognize commissions due to a third party. Shares of Ability Inc (NASDAQ:ABIL) declined to as low as $2.77 per share on May 6, 2016.

Those who purchased shares of Ability Inc have certain options and should contact the Shareholders Foundation.

Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com