SEC v. Ability Computer & Software Industries Ltd., et al.

Case No. 19-cv-05705-MKV (S.D.N.Y.)

On June 18, 2019, the Commission filed a complaint (the “Complaint”) against Ability Computer & Software Industries Ltd. (“ACSI”), Ability Inc. (“Ability”), Alexander Aurovsky (“Aurovsky”), and Anatoly Hurgin (“Hurgin”)(collectively, the “Defendants”). The Complaint alleged violations of the antifraud and proxy solicitation provisions of the Securities Act of 1933 and the Securities Exchange Act of 1934 by Hurgin and Aurovsky, and the Israeli company they controlled, Ability, in connection with Ability’s December 2015 merger with Cambridge Capital Acquisition Corporation, a U.S. publicly-traded special purpose acquisition company. See Complaint.

On March 30, 2023, the Court entered Final Judgments against Aurovsky and Hurgin, and on April 24, 2023, the Court entered a Final Judgment against ACSI and AI (the “Final Judgments”). The Defendants were ordered to pay a total of $49,811,772.64 in disgorgement and prejudgment interest to the Commission, which amount would be deemed satisfied by a distribution of $6,500,000.00 (USD) from an Israeli bankruptcy proceeding. See Alexander Aurovsky’s Final Judgment, Anatoly Hurgin’s Final Judgment, and ACSI and AI’s Final Judgment.

On March 18, 2026, the Court entered an Order Appointing a Tax Administrator, and Authorizing Payment of Administrative Fees, Expenses, and Tax Obligations (the “March 18th Order”). The March 18th Order appointed Heffler, Radetich & Saitta, LLP, as the Tax Administrator to fulfill the tax obligations of the Distribution Fund. See the Court’s Order.

For more information, please contact the Commission:

Office of Distributions
Email: ENFOfficeofDistributions@sec.gov