(se) Selector loses connections under stress with Linux kernel 2.4.x

When GlassFish Application server is installed on a 2.4 kernel and stressed using a stress tool (ab), the Selector seems to lose registration. Opening 300 connections that does a total of 100 requests on a single Selector demonstrate the problem. Mainly, doing:

% ab -n1000 -c300 -k http://localhost:8080/images.jar

The benchmark will output:

Benchmarking localhost (be patient)
Completed 100 requests
Completed 200 requests
Completed 300 requests
Completed 400 requests
Completed 500 requests
Completed 600 requests
Completed 700 requests
Completed 800 requests
Send request timed out!
Completed 900 requests
Send request timed out!

Running the same test on 2.6x kernel (on the same hardware) isn't producing the problem. Attached is a test case that can be used to demonstrate the problem.