Defendant Name: Ability Computer & Software Industries Ltd.

Defendant Type: Subsidiary of Public Company

Document Reference: 2019-103

Document Details

Legal Case Name SEC v. Anatoly Hurgin, Alexander Aurovsky, Ability Computer & Software Industries Ltd., and Ability Inc.
Document Name SEC Charges Intelligence Communications Company and Top Executives With Defrauding Merger Investors
Document Date 20-Jun-2019
Document Format Civil Proceeding
Case Number 19-cv-05705
Federal District Court New York, Southern District of New York
Allegation Type Issuer Reporting and Disclosure
Document Summary The Commission stated: "The SEC has charged Ability Inc., an Israel-based intelligence communications company, its wholly-owned subsidiary, and two of its top executives with defrauding shareholders of a Florida-based special purpose acquisition company (SPAC), a company formed to raise capital for a merger or acquisition within a set timeframe."

Related Documents:

comp24505 18-Jun-2019 Complaint
Complaint
The SEC stated: "This action involves violations of the antifraud and proxy solicitation provisions of the Securities Act of 1933 ("Securities Act") and the Securities Exchange Act of 1934 ("Exchange Act") by Hurgin and Aurovsky, and the Israeli company they controlled, Ability, in connection with Ability's December 2015 merger with Cambridge Capital Acquisition Corporation ("Cambridge"), a U.S. publicly-traded special purpose acquisition company."
LR-24505 20-Jun-2019 Litigation Release
SEC Charges Intelligence Communications Company and Top Executives with Defrauding Merger Investors
The Commission stated: "The SEC on Tuesday charged Ability Inc., an Israel-based intelligence communications company, its wholly-owned subsidiary, and two of its top executives with defrauding shareholders of a Florida-based special purpose acquisition company, or "SPAC," a company formed to raise capital for a merger or acquisition within a set timeframe."
court_doc36_19-cv-05705 10-Dec-2019 Court Docket Document
Judgment as to Defendant Ability Computer & Software Industries Ltd.
On December 10, 2019, the Court entered a final judgement as to defendant Ability Computer & Software Industries Ltd. The Court stated that Defendant "consented to the Court's jurisdiction over Defendant . . .; consented to the entry of this Judgement without admitting or denying the allegations of the Complaint . . .; waived findings of fact and conclusions of law; and waived any right to appeal from this Judgment".
court_doc197_19-cv-05705 24-Apr-2023 Court Docket Document
Final Judgment as to Defendants Ability Inc. and Ability Computer & Software Industries Ltd.
On April 24, 2023, the Court issued a final judgment against Ability Inc. and Ability Computer & Software Industries Ltd., stating: " Defendants Ability Inc. and Ability Computer & Software Industries Ltd. (“Defendants” or “Ability”) having entered a general appearance; consented to the Court’s jurisdiction over Defendants and the subject matter of this action; consented to entry of this Judgment without admitting or denying the allegations of the Complaint (except as to jurisdiction and except as otherwise provided herein in paragraph VII); waived findings of fact and conclusions of law; and waived any right to appeal from this Judgment."

Other Defendants in Action:

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