SOURCE: Berman DeValerio

April 17, 2008 17:29 ET

Berman DeValerio Announces Shareholder Suit Against Force Protection, Inc.

LADSON, SC--(Marketwire - April 17, 2008) - An investor has sued Force Protection, Inc. ("Force Protection" or the "Company") (NASDAQ: FRPT) in federal court, accusing the company of violating securities laws, Berman DeValerio announced today.

Berman DeValerio (www.bermanesq.com) filed the class action complaint on April 14, 2008 in the U.S. District of South Carolina. The complaint, filed as 08-cv-01586-CWH, seeks damages for violations of federal securities laws and remedies under the Securities Exchange Act of 1934 (the "Exchange Act").

The class action was filed on behalf of all investors who acquired Force Protection securities from August 14, 2006, through and including February 29, 2008 (the "Class Period"). Based in Ladson, South Carolina, Force Protection designs and manufactures ballistic- and blast-protected specialty vehicles.

To receive a copy of the complaint, you may contact the court, call Berman DeValerio's Boston office at (800) 516-9926, or click here to download a copy.

The lawsuit claims that Force Protection and a number of individual defendants violated Sections 10(b) and 20(a) of the Exchange Act, 15 U.S.C. Sections 78j (b) and 78t(a) and Rule 10b-5 promulgated thereunder by the Securities and Exchange Commission ("SEC"), 17 C.F.R. Section 240.10b-5.

According to the complaint, Force Protection made false and misleading statements regarding its financial results, failed to record all revenue and costs related to a joint venture with another manufacturer of specialty vehicles and failed to maintain effective internal controls over its financial reporting. As a result, Force Protection's share price was artificially inflated during the Class Period, the complaint says.

If you acquired Force Protection securities from August 14, 2006, through and including February 29, 2008, you may wish to contact the following attorneys at Berman DeValerio to discuss your rights and interests.

Nathaniel L. Orenstein, Esq.
Jeffrey C. Block, Esq.
One Liberty Square
Boston, MA 02109
(800) 516-9926
law@bermanesq.com

If you wish to apply to be the lead plaintiff in this action, a motion on your behalf must be filed with the court no later than May 9, 2008. You may contact the attorneys at Berman DeValerio to discuss your rights regarding the appointment of lead plaintiff and your interest in the class action, or you may submit information online by clicking here. Please note, you may also retain counsel of your choice and need not take any action at this time to be a class member.

Berman DeValerio prosecutes class actions nationwide on behalf of institutions and individuals, chiefly victims of securities and antitrust law violations. The firm has 30 lawyers in Boston, San Francisco and West Palm Beach.

Contact Information

  • Contact:
    Nathaniel L. Orenstein, Esq.
    Jeffrey C. Block, Esq.
    (800) 516-9926