Thursday, April 22, 2010

Point Blank Body Armor Has Filed for Bankruptcy

Point Blank Body Armor has filed for bankruptcy.  It has listed more than $65 million in debts and its owner is facing a criminal fraud lawsuit.  The company initially made a lot of money in the years following 9/11 providing body armor to the military.  (Source is Courthouse News Service, April 19, 2010.)

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