Dhb Industries (AMEX:DHB)
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Scott + Scott, LLC (http://www.scott-scott.com)
represents client-shareholders in a securities class action filed in
the United States District Court for the Eastern District of New York
against DHB Industries, Inc. (Amex: DHB) and individual defendants.
Purchasers of DHB securities between April 21, 2004 and August 29,
2005, inclusive (the "Class Period") are members of the purported
class. DHB designs, develops, manufactures and markets protective
armor through its subsidiaries, Point Blank Body Armor, Inc. and
Protective Apparel Corporation of America.
If you wish to discuss this action or have questions concerning
this notice or your rights as a class member, you may contact this
firm for more information. Scott + Scott will provide you with case
materials, answer all questions regarding your participation and
rights and assist you with other services the firm provides. There is
no cost or fee to you. Contact Scott + Scott partner Neil Rothstein at
nrothstein@scott-scott.com (800/332-2259, ext. 22 or cell
619/251-0887) or attorney Amy K. Saba at asaba@scott-scott.com
(800/332-2259, ext. 26).
The complaint filed on September 9, 2005 by Scott + Scott alleges
that during the Class Period, DHB and certain individual defendants,
including CEO David Brooks, violated the Securities Exchange Act of
1934 by making false statements or failing to disclose adverse facts
known to them about DHB. Defendants' fraudulent scheme, it is alleged:
(a) deceived the investing public regarding DHB's prospects and
business; (b) artificially inflated the prices of DHB's publicly
traded securities; and (c) caused members of the Class to purchase
DHB's publicly traded securities at inflated prices. It is also
alleged that while DHB's securities were artificially inflated,
insiders sold over $220 million of common stock.
A September 8, 2005 article about DHB appearing in The Motley Fool
and authored by Seth Jayson states: "Now that (DHB) has cratered to
one-fourth its former high price, I don't see any insider buying.
Instead, I see insiders granting themselves a giant pile of warrants,
including a ludicrous 1.5 million to (CEO David) Brooks at a $1 strike
price, vesting immediately -- with another 750,000 vesting each year
until 2010 ... Mix in overly generous housing and personal benefits
and a slew of creepy related-part transactions that enrich family
members, and you can only come to the conclusion that Brooks believes
that what's his is his, and what's yours is his too."
The plaintiff is represented by Scott + Scott, LLC, which has
significant experience in prosecuting investor class actions. The firm
dedicates itself to client communication and satisfaction and
currently is litigating major securities, antitrust and employee
retirement plan actions throughout the United States. The firm
represents pension funds, charities, foundations, individuals and
other entities worldwide.