On June 25, 2008, Judge Joanna Seybert of the United States District Court for the Eastern District of New York approved the Settlement proposed by the parties in the securities fraud class action, In re DHB Industries, Inc. Class Action Litigation, Lead Case CV 05-4296 (JS)(ETB)(E.D.N.Y.)  The decision approving the settlement was announced from the bench by Judge Seybert, who directed the parties to submit a written judgment clarifying certain procedural matters.  The decision approving the settlement is subject to appeal.

Investors who acquired DHB’s securities during the period from November 18, 2003 through November 30, 2006 may be eligible to participate in the Settlement.  DHB is now know as Point Blank Solutions, Inc.

The Settlement, currently valued at approximately $45 million, creates a Fund in the amount of $34.9 million in cash and $9 million in stock, using the current price of the Company's stock. The Settlement also provides for the Company’s adoption of sweeping corporate governance measures. Labaton Sucharow, as Co-Lead Counsel with Coughlin Stoia Geller Rudman & Robbins LLP, represents Lead Plaintiffs RS Holdings, NECA-IBEW Pension Fund and George Baciu.

Please see the links to the Preliminary Approval Order, Stipulation of Settlement, Class Notice, Class Proof of Claim and Class Summary Notice for details and instructions about making a claim. Although the claim deadline has passed, the Court may approve the payment of late claims as part of a future distribution request.