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.

Documents

Related

Sections

Case Information

Case Title

Securities and Exchange Commission v. Krantz et al


Case Number

0:11-cv-60432

Court

Florida Southern

Nature of Suit

Securities/Commodities

Judge

William P. Dimitrouleas

Date Filed

February 28, 2011

Law Firms

Companies

Government Agencies

Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.