Feds Pan Ex-Point Blank CEO’s Retrial Bid In $189M Scam

Law360, New York (August 12, 2011, 5:38 PM EDT) -- Prosecutors on Thursday asked a New York federal judge to deny a request by the former CEO of Point Blank Solutions Inc. for a new trial on charges he looted the body-armor maker through a $189 million fraud.

David Brooks, who was found guilty last year of insider trading, fraud and obstruction of justice, wants a new trial, claiming the court failed to recognize the obvious signs that he was suffering from prescription drug withdrawal. Brooks, diagnosed with paranoid personality disorder, also argues that his former...
To view the full article, register now.