Ex-Armor Co. Execs’ $80M Insider Gains Off Limits: Judge

Law360, New York (September 23, 2011, 1:08 PM EDT) -- A New York federal judge ruled Thursday that a pair of former executives of armor maker DHB Industries Inc. don't have to forfeit about $80 million they allegedly made through insider trading because prosecutors hadn't properly calculated the executives’ alleged gains.

The armor maker's former CEO David Brooks and former Chief Operating Officer Sandra Hatfield were convicted last year for allegedly falsifying accounting records and selling their overvalued stock in DHB, now Point Blank Solutions Inc., which sold much of its equipment to the U.S. military....
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