Paskowitz & Associates announced today that it has commenced a class action in the United States District Court for the Eastern District of New York against DHB Industries, Inc. (Amex: DHB - News) and certain individual defendants. The alleged class consists of purchasers of DHB securities between April 21, 2004 and August 29, 2005, inclusive (the "Class Period"). If you wish to discuss this action or have questions concerning this notice or your rights as a class member, you may contact Laurence Paskowitz, Esq. toll free at 1-800-705-9529 for more information, or by e-mail by writing to classattorney@aol.com. There is no cost or fee to you for information regarding your rights in this class action, or for case materials you may wish to have sent to you. The complaint 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-party 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." If you purchased DHB securities during the Class Period, April 21, 2004 and August 29, 2005, you may qualify to serve as Lead Plaintiff on behalf of the Class. Motions for appointment to the Lead Plaintiff position must be filed no later than November 8, 2005. You are not required to have sold your DHB securities in order to claim damages, or to serve in this role.
Dhb Industries (AMEX:DHB)
Gráfico Histórico do Ativo
De Mai 2024 até Jun 2024 Click aqui para mais gráficos Dhb Industries.
Dhb Industries (AMEX:DHB)
Gráfico Histórico do Ativo
De Jun 2023 até Jun 2024 Click aqui para mais gráficos Dhb Industries.