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.
Dhb Industries (AMEX:DHB)
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