Show me legal filings against DHB.
SUPREME COURT - STATE OF NEW YORK COUNTY OF NASSAU
http://www.nycourts.gov/comdiv/Law%20Report%20Files/May%202003/Plumbers.htm
Schatz & Nobel, P.C. Announces Class Action Lawsuit against DHB Industries, Inc. -- DHB
http://www.primezone.com/newsroom/news.html?d=85695
http://www.dhbt.com/pressreleases.asp#92205
DHB Industries Will Vigorously Defend Lawsuits
Westbury, NY — DHB Industries Inc. (AMEX:DHB), DHB Industries, Inc., operating principally in the field of body armor, announced that, since September 16, 2005, it has been served with a number of lawsuits, all of which contain similar allegations. One of the lawsuits is filed as a derivative action and names the Company and all of its directors as defendants. All of the other lawsuits are purported class actions and name the Company and all or some of its directors as defendants.
"The vast majority of body armor sold by the Company does not contain any Zylon. This includes substantially all of the body armor sold to branches of the U.S. Military. During the past five years, sales of body armor containing Zylon made up less than five percent of the Company's total revenues. All of these models were certified by the NIJ prior to being sold to customers."
The basis of the lawsuits are the products containing Zylon, products marketed to law enforcement agencies. This does not rise to the level characterizing "our soldiers died" because of Brooks or their military armor. I don't know the Marines motive for recalling their armor other than they might have Concerns because of the bad press. With respect to the financial suits, they always come when business principals sell large quantities or all of their stock. Read any 8k on any company and you will see lawsuit after lawsuit. Brooks and DHB are entitled to have a fair hearing with all facts known before they should be characterized in the manner in the left wing hit piece. Thanks for the research. Keep a level head.
I hear it was garish display of rock 'n' roll idol worship for which the famously irascible CEO of DHB Industries, a Westbury-based manufacturer of bulletproof vests, SENT HIS COMPANY JET to retrieve Aerosmith's Steven Tyler and Joe Perry from their Saturday gig in Pittsburgh.
I'm also told that in honor of Aerosmith (and the $2 million fee I hear he paid for their appearance), the 50-year-old Brooks changed from a black-leather, metal-studded suit - accessorized with biker-chic necklace chains and diamonds from Chrome Hearts jewelers - into a hot-pink suede version of the same lovely outfit.