Objectors Make Last Stand Against DHB Settlement

Law360, New York (September 24, 2007, 12:00 AM EDT) -- A small group of stockholders has objected to a class action and shareholder derivative settlement in which body armor maker DHB Industries Inc. will shell out $35 million and 3.2 million shares of company stock.

In court documents filed Friday with the U.S. District Court for the Eastern District of New York, a group of committee objectors opined that the settlement amount was inadequate, that the settlement process was flawed and that class members did not have enough information to make an informed judgment on whether...
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