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Securities and Exchange Commission v. Hurgin et al

  1. March 31, 2023

    Israeli Execs To Pay SEC $12.2M For Misleading Investors

    Two executives of an Israeli communications firm have agreed to pay more than $12 million to settle claims they lied to investors that they had seven-figure sales lined up with Mexico's national police agency, allegedly collecting more in pay than the company profited.

  2. September 26, 2022

    SEC's Fraud Fight With Israeli Contractor Execs To Go To Jury

    A New York federal judge has refused to hand either side a pretrial win in the U.S. Securities and Exchange Commission's fraud fight against two executives for an Israeli government communications contractor that once provided products to the Mexican police, ruling that a jury must decide the securities claims.

  3. February 10, 2022

    Israeli Contractor Execs Spar With SEC Over Merger Claims

    The U.S. Securities and Exchange Commission and executives at an Israeli government communications contractor accused of misleading investors about its success ahead of a merger sparred in New York federal court over the significance of claims made to investors.

  4. June 04, 2020

    Judge Weighs Israeli Contractor Execs' Bid To Skirt SEC Suit

    A New York federal judge is weighing motions by a pair of executives for an Israeli government communications contractor to dodge an SEC enforcement action accusing them of misleading investors about the contractor's success before a merger.

  5. December 19, 2019

    SEC Says Israeli Gov't Contractor Execs Must Face Fraud Suit

    The U.S. Securities and Exchange Commission told a New York federal judge Wednesday that a pair of executives for an Israeli government communications contractor cannot escape securities fraud claims, just a week after the contractor agreed to settle claims it lied to shareholders.

  6. December 10, 2019

    Israeli Gov't Contractor Settles SEC Fraud Suit Over Merger

    Israeli government communications contractor Ability Inc. settled securities fraud claims brought by the U.S. Securities and Exchange Commission on Tuesday, agreeing to pay an undisclosed amount in fines and disgorgement.

  7. June 21, 2019

    SEC Says Israeli Gov't Contractor Misled Investors On Merger

    The U.S. Securities and Exchange Commission has sued Israeli government communications contractor Ability Inc. and its executives in New York federal court, accusing them of making fraudulent financial statements relating to a merger.