Ex-DHB Execs Face $150M Forfeiture For Stock Scheme

Law360, New York (June 15, 2011, 5:34 PM EDT) -- A federal judge in New York on Tuesday partially granted the U.S. government’s request to force a pair of former executives of armor maker DHB Industries Inc. to forfeit more than $150 million they made through an alleged insider trading scheme.

U.S. District Judge Joanna Seybert declined to detail exactly how much money David Brooks, the armor maker’s former CEO, and Sandra Hatfield, the company's former chief operating officer, should fork over. Instead, she asked the government to recalculate its forfeiture request in light of restated...
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