Ex-DHB Execs Hit With Criminal Charges

Law360, New York (August 17, 2006, 12:00 AM EDT) -- Two former top executives at DHB Industries Inc.—a leading manufacturer of body armor for the U.S. military—have been arraigned on criminal charges, accused of inflating the company’s earnings and profits and reaping a total of $8 million dollars from insider-trading.

Dawn Schlegel, DHB’s former chief financial officer, and Sandra Hatfield, DHB’s former chief operations officer, have been charged with conspiracy to commit securities fraud, securities fraud and insider-trading. Schegel and Hatfield face the possibility of 25 years in jail on each of the conspiracy and securities...
To view the full article, register now.

Law360 UK

UK Financial Services

Read Our Latest UK Legal News & Analysis

Financial Services Law360 UK and Insurance Law360 UK provide breaking news and in-depth analysis on U.K. and European Union regulation, enforcement, legislation, and litigation involving banks, investment firms, insurers, and more.