Defendant Name: DHB Industries, Inc.

Defendant Type: Public Company
SIC Code: 3482
CUSIP: 23321E10

Initial Case Details

Legal Case Name SEC v. DHB Industries, Inc., n/k/a Point Blank Solutions, Inc.
First Document Date 28-Feb-2011
Initial Filing Format Civil Proceeding
Case Number 11-cv-60431
Allegation Type Issuer Reporting and Disclosure
Federal District Court Florida, Southern District of Florida

Violations Alleged

Exchange Act
Sec 10(b) + Rule 10b-5
Rule 12b-20
Sec 13(a)
Rule 13a-1
Rule 13a-11
Rule 13a-13
Sec 13(b)(2)(A)
Sec 13(b)(2)(B)
Sec 14(a)
Rule 14a-9


First Resolution Date 28-Feb-2011

Related Documents:

LR-21867 28-Feb-2011 Litigation Release
Litigation Release
On February 28, 2011, the SEC issued a litigation release. According to the release, the SEC has filed securities fraud charges against DHB Industries. The SEC alleges that: "the company, through its senior executive officers, engaged in pervasive accounting and disclosure fraud, and misappropriation of company assets that resulted in the company filing materially false and misleading periodic reports with the SEC."
comp21867-dhb 28-Feb-2011 Complaint
On February 28, 2011, the SEC filed a complaint against DHB Industries, Inc. alleging that it engaged "in a massive accounting fraud... between 2003 and 2005."
2011-52 28-Feb-2011 Press Release--Civil Action
SEC Charges Military Body Armor Supplier and Former Outside Directors With Accounting Fraud
On February 28, 2011, the SEC announced that it charged DHB Industries (now known as Point Blank Solutions), a major supplier of body armor to the U.S. military and law enforcement agencies, for engaging in a massive accounting and disclose fraud through its senior officers and misappropriating company assets to personally benefit the former CEO. DHB Industries has agreed to settle with the SEC and consented to a permanent injunction from future violations of the federal securities laws. The proposed settlement took into account the remedial measures already taken by the company. As the company is in bankruptcy, the bankruptcy court must approve the settlement. The agency separately charged three of the company's former outside directors and audit committee members for their complicity in the scheme and had previously charged former DHB Industries CEO David Brooks as well as two other former senior officers for their roles in the fraud.
court_doc6_11-cv-60431 18-Apr-2011 Court Docket Document
Final Judgment as to Defendant DHB Industries, Inc. n/k/a Point Blank Solutions, Inc.
On April 15, 2011, Judge James I. Cohn entered Final Judgment as to defendant DHB Industries, Inc. DHB Industries, Inc consented to the entry of the Final Judgment without admitting or denying the allegations of the SEC's complaint.

Related Actions:

SEC v. Dawn M. Schlegel, and Sandra L. Hatfield
SEC v. David H. Brooks
SEC v. Jerome Krantz, Cary Chasin, and Gary Nadelman
In the Matter of Dawn M. Schlegel, CPA