DOJ Fights Body Armor Firm's Bid To Settle Suits

Law360, New York (November 26, 2007, 12:00 AM EST) -- Body armor maker Point Blank Solutions Inc. is facing an uphill battle to lay to rest a slew of securities class actions and shareholder derivative suits filed against it, with federal regulators lodging an objection to the proposed settlement of the cases.

Point Blank, formerly known as DHB Industries Inc., said in a filing with the U.S. Securities and Exchange Commission on Monday that the Commercial Litigation Division of the U.S. Department of Justice is fighting the proposed settlement of certain class and derivative actions brought...
To view the full article, register now.

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.