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In re Ability, Inc. Securities Litigation

  1. September 17, 2018

    Israeli Gov't Contractor Settles Securities Suit With $3M Deal

    Ability Inc. agreed to pay $3 million to investors to resolve a securities suit accusing the Israeli government contractor of making misleading financial statements during its bid to buy Cambridge Capital Acquisition Corp., according to a deal approved by a New York federal judge on Monday.

  2. April 26, 2018

    Israeli Gov't Contractor Agrees To $3M Deal In Securities Suit

    A pair of Ability Inc. investors asked a New York federal court to sign off on a $3 million cash deal resolving a consolidated securities suit accusing the Israeli government communications contractor of making misleading financial statements surrounding a merger.

  3. May 26, 2016

    Israeli Military Contractor Accused Of Stock Inflation

    An investment fund hit Israeli military communications contractor Ability Inc. with a putative class action in Manhattan federal court Wednesday, claiming the company embellished its revenues through fraudulent accounting methods, sending its stock price soaring and later plummeting when the truth came out.