Ex-DHB Directors Strike $1.6M Deal To End SEC Fraud Suit

Law360, New York (November 10, 2011, 3:14 PM EST) -- Three former directors of military body armor supplier DHB Industries Inc. have agreed to more than $1.6 million in sanctions to settle accounting fraud claims in Florida federal court related to the conviction of DHB's ex-CEO, the U.S. Securities and Exchange Commission said Thursday.

The SEC had accused Cary Chasin, Jerome Krantz and Gary Nadelman of willful blindness to signals of accounting fraud and reporting violations at the Pompano Beach, Fla.-based company now known as Point Blank Solutions Inc. The regulator sued the directors, who were...
To view the full article, register now.




Case Information

Case Title

Securities and Exchange Commission v. Krantz et al

Case Number



Florida Southern

Nature of Suit



William P. Dimitrouleas

Date Filed

February 28, 2011

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.