Wolf Haldenstein Adler Freeman & Herz LLP Commences Class Action Lawsuit on Behalf of Investors in DHB Industries, Inc.
September 21 2005 - 6:39PM
PR Newswire (US)
NEW YORK, Sept. 21 /PRNewswire/ -- Wolf Haldenstein Adler Freeman
& Herz LLP filed a class action lawsuit in the United States
District Court for the Eastern District of New York, on behalf of
all persons who purchased the securities of DHB Industries, Inc.
("DHB" or the "Company") (AMEX:DHB) between November 18, 2003 and
August 29, 2005, inclusive, (the "Class Period") against defendants
DHB and certain officers of the Company. The case name is Bushnell
v. DHB Industries, Inc., et al. A copy of the complaint filed in
this action is available from the Court, or can be viewed on the
Wolf Haldenstein Adler Freeman & Herz LLP website at
http://www.whafh.com/. The complaint alleges that defendants
violated the federal securities laws by issuing materially false
and misleading statements throughout the Class Period that had the
effect of artificially inflating the market price of the Company's
securities. The complaint further alleges that during the Class
Period, defendants made statements that were materially false and
misleading because they failed to disclose the following facts,
among others: (a) the Company's body armor products containing
Zylon were potentially dangerous because they could fail to stop
bullets due to Zylon-fiber degradation; (b) because of the
foregoing, the Company was subject to potentially ruinous liability
from regulatory, criminal or civil actions; (c) the Company's
business was dependent, in material part, on the sale of products
whose safety was in serious doubt, which once such potential
problems became widely known, would cause a dramatic, if not total,
decline in demand; (d) the Company was at risk that the National
Institute of Justice would revoke its certification of DHB's Zylon
containing armor, which was required by many of DHB's customers,
and that the revocation would have a materially negative impact on
its business; and (e) defendants Brooks and Schlegel's express
assurances that the Form 10-K was free from materially false and
misleading statements were untrue because of the above-noted
misrepresentations. Such assurances were themselves deceptive and
provided false comfort to investors. If you purchased DHB
securities during the Class Period, you may request that the Court
appoint you as lead plaintiff by November 8, 2005. A lead plaintiff
is a representative party that acts on behalf of other class
members in directing the litigation. In order to be appointed lead
plaintiff, the Court must determine that the class member's claim
is typical of the claims of other class members, and that the class
member will adequately represent the class. Under certain
circumstances, one or more class members may together serve as
"lead plaintiff." Your ability to share in any recovery is not,
however, affected by the decision whether or not to serve as a lead
plaintiff. You may retain Wolf Haldenstein, or other counsel of
your choice, to serve as your counsel in this action. Wolf
Haldenstein has extensive experience in the prosecution of
securities class actions and derivative litigation in state and
federal trial and appellate courts across the country. The firm has
approximately 60 attorneys in various practice areas; and offices
in Chicago, New York City, San Diego, and West Palm Beach. The
reputation and expertise of this firm in shareholder and other
class litigation has been repeatedly recognized by the courts,
which have appointed it to major positions in complex securities
multi-district and consolidated litigation. If you wish to discuss
this action or have any questions, please contact Wolf Haldenstein
Adler Freeman & Herz LLP at 270 Madison Avenue, New York, New
York 10016, by telephone at (800) 575-0735 (Fred Taylor Isquith,
Esq., Gregory M. Nespole, Esq., George T. Peters, Esq., or Derek
Behnke), via e-mail at or visit our website at
http://www.whafh.com/. All e-mail correspondence should make
reference to DHB. DATASOURCE: Wolf Haldenstein Adler Freeman &
Herz LLP CONTACT: Fred Taylor Isquith, Esq., Gregory M. Nespole,
Esq., George T. Peters, Esq., or Derek Behnke, all of Wolf
Haldenstein Adler Freeman & Herz LLP, 1-800-575-0735, or Web
site: http://www.whafh.com/
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