INSIDE TRADING IS ALLEGED IN COMPLAINT AS STOCK DROPS FROM OVER $22 per share TO JUST OVER $4 per share—ABOUT 75%
COLCHESTER, Conn., Sept.10 – Scott + Scott, LLC 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 through 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.
Scott + Scott will provide you with case materials, answer all questions regarding your participation and rights and assist you with other services that the firm provides. There is no cost or fee to you. Contact Scott + Scott partner Neil Rothstein at [email protected] (800/332-2259, ext. 22 or cell 619/251-0887) or attorney Amy K. Saba at [email protected] (800/332- 2259, ext. 26). If you purchased DHB securities during the Class Period and wish to serve as lead plaintiff, you must move the court no later than 60 days from today. 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. Our website is located at (http://www.scott-scott.com ). The firm has offices in California, Connecticut and Ohio.
The complaint filed on September 9, 2005 by Scott + Scott alleges that during the Class Period, DHB and certain individual defendants violated the Securities and 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; (c) allowed defendants to sell approximately $195.4 million of their own shares at inflated prices; and (d) caused members of the Class to purchase DHB’s publicly traded securities at inflated prices.
The plaintiff is represented by Scott+Scott, which has expertise 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. Notable securities cases of its leadership include Emulex, Halliburton, ImClone and more.