SOURCE: Bronstein, Gewirtz & Grossman, LLC

March 13, 2008 13:52 ET

Bronstein, Gewirtz & Grossman, LLC Announces That a Class Action Has Been Filed Against Force Protection, Inc. and Certain of Its Senior Officers and Directors

NEW YORK, NY--(Marketwire - March 13, 2008) - Bronstein, Gewirtz & Grossman, LLC announces that a class action lawsuit has been filed in the United States District Court for the District of South Carolina on behalf of purchasers of the common stock Force Protection, Inc. ("Force Protection") (NASDAQ: FRPT). The class consists of purchasers of the Force Protection common stock for the period August 14, 2006 through and including February 29, 2008.

The complaint alleges that during the class period mentioned above, Force Protection and certain individual defendants Frank Kavanaugh, Gordon R. McGilton, Michael Moody, Michael S. Durski and Raymond W. Pollard ("The Defendants") violated the federal securities laws by issuing false and misleading statements regarding the company's business, financial results and prospects. As a result of defendants' false statements, Force Protection stock traded at artificially inflated prices reaching as high as $30.27 on May 30th, 2007. Prior to and during the class period, Force Protection continually boasted its dominance in the Mine Resistant Ambush Protected ("MRAP") market was due to its superior product design and its ability to meet deadlines. In a report dated June 27th, 2007, the Inspector General of the US Department of Defense, Force Protection's primary customer, questioned both of these claims and criticized the awarding of contracts on a sole source basis without competitive bidding. The report noted that there were other U.S. companies that could have competed with Force Protection on both product capability and faster delivery schedules. On February 29th, 2008, after the market closed, Force Protection issued a press release, which stated it would have to delay the release of its 2007 form 10-K and restate its form 10-Q for the period ended September 30, 2007. As a result of this news, Force Protection shares dropped to close at $3.58 on March 3rd, 2008, a 13% decline from its February 29th, 2008 stock value. Shares of Force Protection have declined over 85% during this class period.

If you purchased Force Protection common stock between August 14, 2006 through and including February 29, 2008 and sustained losses and would like to discuss this action or if you have any questions regarding this notice or your rights as a potential class member or lead plaintiff you may contact: Peretz Bronstein or Eitan Kimelman of Bronstein, Gewirtz & Grossman, LLC at 212-697-6484 or via email If you wish to serve as lead plaintiff, you must move to court no later than May 9th, 2008.

Bronstein Gewirtz & Grossman, LLC is a corporate litigation boutique. Our primary expertise is the aggressive pursuit of litigation claims on behalf of our clients. In addition to representing institutions and other investor plaintiffs in class action security litigation, the firm's expertise includes general corporate work, private securities offerings, and securities arbitration.

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