March 31, 2023
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.
September 26, 2022
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.
February 10, 2022
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.
June 04, 2020
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.
December 19, 2019
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.
December 10, 2019
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.
June 21, 2019
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.