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Case ID: 4443 | Stocks | 09/28/2005
A class action has been filed against DHB Industries, Inc. (DHB), certain of its officers and directors by stockholders who purchased the company's common stock between April 24, 2004 and August 29, 2005. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock.
According to a press release dated September 9, 2005, a shareholder class action lawsuit has been filed against DHB and certain of its officers and directors with violations of the Securities Exchange Act of 1934. DHB designs, manufactures and markets protective armor, through its subsidiaries, Point Blank Body Armor, Inc. ("Point Blank") and Protective Apparel Corporation of America ("PACA"). Specifically, the complaint alleges that throughout the Class Period, defendants issued numerous statements concerning the quality of the Company's bulletproof vests. Recently, DHB announced it would stop manufacturing and selling certain of its vests due to their being decertified by a government agency and took a write-off. Following this announcement, shares of DHB stock declined in value. If you bought DHB Industries, Inc. securities between April 24, 2004 and August 29, 2005, inclusive, and would like to obtain information about the DHB Industries, Inc. lawsuit, then you are invited to call (866) 467-1400 to speak with an attorney. At Lawcash.com, it is our goal to keep you informed about important legal cases, class actions and settlements. Our lawyers offer free legal evaluations in tort cases, class actions, personal injury, and other lawsuits because we are dedicated to helping you resolve your legal complaints. Other Stocks Cases of Interest The judge entered an order consolidating the cases, approving the SUL Group as lead plaintiff and their selection of Klafter & Olsen LLP and Berger & Montague PC as lead counsel.
A class action lawsuit has been filed in the US District Court for the Middle District of North Carolina against Parkdale America, LLC. The case involves antitrust litigation. No additional information about the substance of the allegations is available at this time. Classactionamerica.com will monitor this case and provide additional details as soon as they become available. A class action has been filed against The Coca-Cola Company (NYSE:CCE), certain of its officers and directors by stockholders who purchased the company's common stock between January 30, 2003 and September 15, 2004. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock. According to the press release, the complaint charges that the defendant Corporation and certain of its officers violated Sections 10(b) and 20(a) of the Exchange Act by issuing materially inaccurate financial statements to the investing public. Several class actions have been filed against energy holding company TECO Energy, Inc. (NYSE:TE), and certain of its officers and directors by stockholders who purchased the company's common stock between October 30, 2001, and February 4, 2003. The actions claim that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. A class action has been filed against Atherogenics, Inc. (NASDAQ:AGIX), a GA based research pharmaceutical company and certain of its officers and directors by stockholders who purchased the company's common stock between September 28, 2004 and December 31, 2004. The action claims that the defendants violated federal securities laws by issuing a series of material misrepresentations to the market over this time period, thereby artificially inflating the price of the company's securities. The stockholders seek to recover compensatory damages for the loss of value of their stock. |
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