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Strategies & Market Trends : YEEHAW CANDIDATES -- Ignore unavailable to you. Want to Upgrade?

To: Ken W who wrote (1539)	3/13/2003 3:07:15 PM
From: JoeinIowa	Read Replies (1) \| Respond to of 23958

Good news for DHB. DHB Industries Shareholder Derivative Action Dismissed Thursday March 13, 2:20 pm ET CARLE PLACE, N.Y., March 13 /PRNewswire-FirstCall/ -- DHB Industries Inc. (Amex: DHB - News), the market leader in the rapidly growing protective body armor industry, announced today the dismissal of a shareholder derivative action against DHB and six of its officers and directors brought by the Plumbers & Pipefitters Local 112 Pension Fund in October of 2002. In the favorable decision on DHB's motion to dismiss, the Honorable Ira B. Warshawsky, Justice, Supreme Court, State of New York, County of Nassau states, "The evidence before me does not indicate that this is a garden variety claim of heedless director self dealing, mindless of peril to the company, or of negligence. Every major decision which plaintiff complains vis-a-vis the board seems to involve a labor issue. The complaint about the defendants' management of the company are about defendants' resistance to labor's demands and retaliatory action taken against them." Commenting on the dismissal of the lawsuit, David H. Brooks, Chief Executive Officer of DHB Industries Inc. stated, "We have always maintained that this was a frivolous lawsuit motivated by an unscrupulous union and that it would be promptly dismissed. This action validates our contention that the suit was brought by a union seeking to organize DHB's subsidiary by disseminating false information about the Company and its products to force the Company to accept union representation without a democratic vote. We are pleased that we can now put this lawsuit to rest and get on with what we do best -- running our business successfully and providing body armor products that save lives and protect our nation's military and law enforcement. About DHB Industries DHB Industries Inc.'s Armor Group is the market leader in the rapidly growing protective body armor industry. Its highly recognized subsidiaries, Point Blank Body Armor Inc. and Protective Apparel Corporation of America (PACA) are focused on the design, manufacture, and distribution of bullet resistant and protective body armor for military, law enforcement, and corrections in the US and worldwide. DHB Armor Group's customers include the U.S. Army, Air Force, Navy, Marines, Coast Guard, Secret Service, FBI, DEA, INS, ATF, NATO, U.S. Marshals, the NYC Police Department, the LA Police Department, and the California Highway Patrol. DHB Sports Group produces and markets a comprehensive line of athletic supports and braces which are merchandised through national superstore chains including Target and Wal-Mart, as well as private label distributors such as Meijer, Amerisource, Cardinal Health, and CDMA.