GERBER SCIENTIFIC ANNOUNCES
DISMISSAL OF SHAREHOLDER CLASS ACTION
SOUTH WINDSOR, CT, December 18, 2002 -- Gerber Scientific, Inc. (NYSE: GRB)
today announced that the shareholder class
actions (Berger, et. al. Vs Gerber Scientific, Inc., et al.) brought in April,
2002, and consolidated into a single action in June, 2002, have been voluntarily
dismissed by the plaintiffs, with consent of the defendants, in a filing today
with the U.S. District Court for the District of Connecticut. The filing
provides that no payments have been made or are to be made to any of the parties
and that the dismissal “does not constitute any admission … by any party” with
respect to the allegations asserted. This dismissal is without prejudice and it
is possible these claims could be re-filed in the future.
About Gerber Scientific, Inc.
Gerber Scientific is the world's leading supplier of sophisticated automated
manufacturing systems for sign making and specialty graphics, apparel and
flexible goods, and optical lens processing. Headquartered in South Windsor,
Connecticut, the company operates through four wholly owned subsidiaries: Gerber
Scientific Products and Spandex PLC, Gerber Technology, and Gerber Coburn.
Safe Harbor Statement:
In addition to the historical information contained herein, there are matters
discussed that are considered to be "forward-looking statements." The Private
Securities Litigation Reform Act of 1995 provides a "safe harbor" for
forward-looking statements. These forward-looking statements involve risks and
uncertainties, including, but not limited to, economic, competitive,
governmental, and technological factors affecting the company’s operations,
markets, products, and services, that could significantly affect results in the
future. For a discussion of other risk factors relating to the company’s
business, see the company’s Quarterly Reports on Form 10-Q for the quarters
ended July 31, 2002 and October 31, 2002 and its Annual Report on Form 10-K for
the year ended April 30, 2002, as filed with the Securities and Exchange
Commission. The forward-looking statements contained in this release are made as
of the date of this release, and the company assumes no obligation to update or
revise any forward-looking statements contained in this release.