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."

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."

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".

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."