Shareholders Intend To File Lead Plaintiff Motion On November 8, 2005 In DHB Industries Securities Fraud Action
COLCHESTER, Conn. LAWFUEL – The Law News Network – November 3, 2005 — Scott+Scott, LLC (http://www.scott-scott.com), the first to file a securities class action against DHB Industries, Inc. (Amex: DHB) on September 9, 2005 on behalf of its clients, will file a lead plaintiff motion with the Court on November 8, 2005. Scott+Scott, representing both individual and institutional investors of DHB in the United States District Court for the Eastern District of New York (Case No. 2:05-cv-04296-JS-ETB), drafted a complaint on behalf of clients and other shareholders after determining that the alleged fraud was substantial and that the misrepresentations were material. Purchasers of DHB securities between April 21, 2004 and August 29, 2005, inclusive (the “Class Period”) are members of the purported class.
Contact Scott+Scott partner Neil Rothstein (800/332-2259, ext. 22 or cell 619/251-0887) if you wish to discuss this action or have questions concerning this notice. You may contact the firm for more information (in the morning, the firm can be contacted at 800/404-7770). Scott+Scott will provide class members 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. Institutional Investors may also contact the firm.
The complaint, filed on September 9, 2005, 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 and misleading statements causing artificial inflation in the Company’s stock price. For more information, see Scott+Scott’s first press release at: http://biz.yahoo.com/prnews/050909/nyf154.html?.v=1.
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. Cases currently being litigated and/or investigated by Scott+Scott, LLC include: Refco, Inc.; Boston Scientific Corp.; Commerce Bancorp; First BanCorp.; Guidant Corp.; Cott Corp.; Packeteer Inc.; Mercury Computer Systems Inc.; Barrier Therapeutics; and International Rectifier Corp., among others. Please visit our website for more information.