NEW YORK, Sept. 22, 2005 (PRIMEZONE) -- Abbey Gardy, LLP commenced a Class Action lawsuit in the United States District Court for the Eastern District of New York (Civil Action No. 05-4330) on behalf of a class (the "Class") of all persons who purchased or acquired securities of DHB Industries, Inc. ("DHB" or the "Company")(AMEX:DHB) between April 21, 2004 and August 29, 2005 inclusive (the "Class Period"). A copy of the complaint filed is on our website at www.abbeygardy.com.
The Complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 by issuing a series of material misrepresentations to the market during the Class Period thereby artificially inflating the price of DHB securities. More specifically, the Complaint alleges that during the Class Period, DHB insiders sold approximately 194 million of the their own shares at prices artificially inflated by defendants' false and misleading statements about the Company's bullet resistant body armor products.
Plaintiff seeks to recover damages on behalf of all those who purchased or otherwise acquired DHB securities during the Class Period. If you purchased or otherwise acquired DHB securities during the Class Period, and either lost money on the transaction or still hold the securities, you may wish to join in the action to serve as lead plaintiff.
If you would like to discuss this action or if you have any questions concerning this Notice or your rights as a potential class member or lead plaintiff, you may contact:
Abbey Gardy, LLP Susan Lee or Nancy Kaboolian, Esq. 212 East 39th Street New York, New York 10016 (212) 889-3700 (800) 889-3701 (Toll Free) Or e-mail Susan Lee at slee@abbeygardy.com