Point Blank Solutions Lawsuit

Multi Million Dollar Settlement

Point Blank Class Action Settled for $34.9 Million Plus Company Shares

Point Blank Solutions, Inc., a manufacturer of protective body armor, today announced that the United States District Court, Eastern District of New York, has approved the settlement entered into in connection with the securities class action against the Company and certain individual defendants, as well as the related shareholder derivative action.

Under the terms of the settlement, the plaintiff class consists of all persons who purchased or otherwise acquired Point Blank Solutions, Inc. shares (formerly DHB Industries, Inc.) during the period November 18, 2003 through November 30, 2006.

The class action was settled for $34.9 million in cash, plus 3,184,713 shares of Company common stock. The derivative action was settled in consideration of Point Blank Solutions adopting certain corporate governance provisions and the payment of $300,000 as attorneys' fees and expenses to lead counsel in the derivative action. Included in the terms of the settlement are provisions releasing the Company and all of the Company's present and former officers and directors who were named in the class and derivative actions from any and all liability to members of the plaintiff class for the conduct alleged in the class action complaint. The Company has not admitted any wrongdoing.

JUN-25-08: Point Blank Solutions Announces Final Court Approval of Class Action Settlement [THE EARTH TIMES: POINT BLANK SETTLEMENT]

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