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2nd Circ. Overturns Ex-DHB CEO's Restitution, Keeps Bail

Law360, New York (September 20, 2017, 7:37 PM EDT) -- The Second Circuit on Wednesday vacated a securities fraud conviction against the deceased former CEO of military body armor maker DHB Industries Inc. and let his estate off the hook for $91 million in restitution, but found his family can’t get back funds that were forfeited after the government found he was hiding assets.

A three-judge panel found former DHB Industries CEO David Brooks’ conviction on charges he siphoned millions from the company abated after he died last October, and widened a circuit split by ruling...
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Case Information

Case Title

United States of America v. Schlegel (Brooks)


Case Number

13-3213

Court

Appellate - 2nd Circuit

Nature of Suit

Date Filed

August 26, 2013

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