A federal appeals court denied a Wall Street law firm’s request to stop the flow of bankruptcy settlement money from a Pompano Beach-based body armor company subsidiary by creating a $15 million reserve for attorney fees.

The U.S. Court of Appeals for the Third Circuit’s precedential ruling Tuesday is the latest development in the legal debacle surrounding the downfall of free-spending David H. Brooks, the late CEO of Delaware-incorporated DHB Industries, whose conviction on insider trading charges spawned a flurry of lawsuits.

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