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Investors Sue Military Contractor Over Bullet-Proof Vests

Law360 (November 5, 2005, 12:00 AM EST) -- Body armor maker DHB Industries Inc. failed to inform investors that one of its key products, a bullet proof vest, would soon lose the safety certification it needed to be sold to police officers, according to a class action securities fraud lawsuit.

The suit against New York-based DHB, filed in the U.S. District Court for the Southern District of New York, represents purchasers of DHB’s securities between April 21, 2004 and August 29, 2005.

During that time, DHB and its chief executive officer David Brooks allegedly...
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