Brief: Ability Announces Securities And Exchange Commission Settlement

Ability

10/12/2019 13:30

Dec 10 (Reuters) - Ability Inc  ABIL.O :
    * ABILITY INC. ANNOUNCES SECURITIES AND EXCHANGE COMMISSION
SETTLEMENT
    * ABILITY INC - CO AND ACSI CONSENTED TO ENTRY OF A JUDGMENT
ON A
"NEITHER ADMIT NOR DENY" BASIS
    * ABILITY INC - ENTERED INTO SETTLEMENT WITH SEC TO RESOLVE
PREVIOUSLY DISCLOSED SEC ENFORCEMENT ACTION AGAINST CO, ACSI
    * ABILITY INC - PURSUANT TO SETTLEMENT, PARTIES WOULD
REFRAIN FROM
VIOLATING SECTION 10(B) OF SECURITIES EXCHANGE ACT OF 1934
    * ABILITY INC - AGREED NOT TO ACCEPT DELIVERY OF PUT OPTION,
OR
OTHERWISE PURCHASE ALL OR PORTION OF PUT OPTIONS, HELD BY HURGIN
& AUROVSKY
    * ABILITY INC - ANATOLY HURGIN AND ALEXANDER AUROVSKY ARE
NOT PART
OF SETTLEMENT AND ARE CONTINUING TO LITIGATE ACTION.

Source text for Eikon:  ID:nGNX7gNhSD 
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