ÿþ<HTML><HEAD><TITLE>Gerber Scientific, Inc. - Securities Class Action</TITLE> <META NAME='DESCRIPTION' CONTENT='<b>Summary:</b> According to a press release dated January 7, 2003, following its appointment as Lead Plaintiff by the United States District Court for the District of Connecticut in Berger v. Gerber Scientific, Inc., et al (02-CV-687), and, after a thorough investigation of the facts, the Louisiana Municipal Police Employees' Retirement System has determined that the claims against Gerber Scientific, Inc. and its officers and directors should be dismissed. Lead Plaintiff and Lead Counsel, the law firm of Bernstein Litowitz Berger & Grossmann LLP, believed that this course of action was consistent with their fiduciary responsibilities under the Private Securities Litigation Reform Act of 1995. Accordingly, on December 17, 2002, the Louisiana Municipal Police Employees' Retirement System, through its counsel, entered into an agreement with the defendants to voluntarily dismiss this action, without prejudice. On December 24, 2002, the Hon. Janet C. Hall approved the voluntary dismissal and ordered that the action be dismissed without prejudice. The Complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by issuing a series of material misrepresentations to the market between May 27, 1999 and April 12, 2002, thereby artificially inflating the price of Gerber Scientific securities. Throughout the Class Period, as alleged in the complaint, defendants issued statements regarding Gerber Scientific's quarterly and annual financial performance and filed reports confirming such performance with the United States Securities and Exchange Commission ("SEC"). The complaint alleges that these statements were materially false and misleading because, among other things, (i) the Company was employing improper inventory and reserve accounting practices in violation of Generally Accepted Accounting Principles. As a result, the Company's operating results were materially misrepresented and overstated; (ii) the Company lacked adequate internal controls and was therefore unable to ascertain the true financial condition of the Company; and (iii) based on the foregoing, defendants' statements concerning the prospects of Gerber Scientific were lacking in a reasonable basis at all times. On April 15, 2002, before the market opened, Gerber Scientific announced that it expected to take a $12 million pre-tax charge in its fiscal fourth quarter, the period ending April 30, 2002. Additionally, Gerber Scientific announced that, in response to an investigation by the SEC into its inventory and reserve accounting practices, it was conducting an internal review of its financial reporting for the period January 1, 1998 through April 30, 2002. The Company further stated that its investigation is ongoing and once it has been completed, the Company will likely restate its financial results for the appropriate periods. In response to the Company's announcements, the price of Gerber Scientific common stock declined to $6.99 per share, a decline of more than 71% from a Class Period high of $24.50 per share, reached on July 6, 1999.'> <META NAME='KEYWORDS' CONTENT='Gerber Scientific, Inc. - Securities Class Action, Class Action, Securities'></HEAD> <BODY background='/img/bg.gif' VLINK=#660000 ALINK=#DDDDDD LINK=#330066> <TABLE WIDTH=765> <TR><TD WIDTH=151><IMG SRC='/img/frond2.gif'></TD> <TD ALIGN='left'> <table width='600' border='0' cellspacing='0' cellpadding='0'> <tr> <td height='75'><img src='/img/scac_banner_600.jpg' width='600' height='85' usemap='#MapMapMap' border='0'><map name='MapMapMap'><area shape='rect' coords='338,56,591,77' href='http://www.cornerstone.com'><area shape='rect' coords='7,4,232,36' href='http://www.law.stanford.edu/'></map></td> </tr> <tr bgcolor='#330066'> <td height='35'> <table width='600' border='0' cellspacing='6' cellpadding='0' bgcolor='#330066' height='20'> <tr 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face='Garmond,Helvetica,Times' size=2 color=#330066><b><font size=1> <input type='submit' name='btnG' value='SEARCH CASE COURT FILINGS'/> </font></b></font> <input type='hidden' name='site' value='stanford'/> <input type='hidden' name='client' value='stanford'/> <input type='hidden' name='proxystylesheet' value='http://google.stanford.edu/stylesheet.xslt'/> <input type='hidden' name='output' value='xml_no_dtd'/> <input type='hidden' name='as_dt' value='i'/> <input type='hidden' name='as_sitesearch' value='http://securities.stanford.edu/1023/GRB02-01'> </form> </font></font> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> <b>Conclusion:</b>&nbsp;According to a press release dated January 7, 2003, following its appointment as Lead Plaintiff by the United States District Court for the District of Connecticut in Berger v. Gerber Scientific, Inc., et al (02-CV-687), and, after a thorough investigation of the facts, the Louisiana Municipal Police Employees' Retirement System has determined that the claims against Gerber Scientific, Inc. and its officers and directors should be dismissed. Lead Plaintiff and Lead Counsel, the law firm of Bernstein Litowitz Berger & Grossmann LLP, believed that this course of action was consistent with their fiduciary responsibilities under the Private Securities Litigation Reform Act of 1995. Accordingly, on December 17, 2002, the Louisiana Municipal Police Employees' Retirement System, through its counsel, entered into an agreement with the defendants to voluntarily dismiss this action, without prejudice. On December 24, 2002, the Hon. Janet C. Hall approved the voluntary dismissal and ordered that the action be dismissed without prejudice. <br><br> The Complaint alleges that defendants violated Sections 10(b) and 20(a) of the Securities Exchange Act of 1934, and Rule 10b-5 promulgated thereunder, by issuing a series of material misrepresentations to the market between May 27, 1999 and April 12, 2002, thereby artificially inflating the price of Gerber Scientific securities. Throughout the Class Period, as alleged in the complaint, defendants issued statements regarding Gerber Scientific's quarterly and annual financial performance and filed reports confirming such performance with the United States Securities and Exchange Commission ("SEC"). The complaint alleges that these statements were materially false and misleading because, among other things, (i) the Company was employing improper inventory and reserve accounting practices in violation of Generally Accepted Accounting Principles. As a result, the Company's operating results were materially misrepresented and overstated; (ii) the Company lacked adequate internal controls and was therefore unable to ascertain the true financial condition of the Company; and (iii) based on the foregoing, defendants' statements concerning the prospects of Gerber Scientific were lacking in a reasonable basis at all times. On April 15, 2002, before the market opened, Gerber Scientific announced that it expected to take a $12 million pre-tax charge in its fiscal fourth quarter, the period ending April 30, 2002. Additionally, Gerber Scientific announced that, in response to an investigation by the SEC into its inventory and reserve accounting practices, it was conducting an internal review of its financial reporting for the period January 1, 1998 through April 30, 2002. The Company further stated that its investigation is ongoing and once it has been completed, the Company will likely restate its financial results for the appropriate periods. In response to the Company's announcements, the price of Gerber Scientific common stock declined to $6.99 per share, a decline of more than 71% from a Class Period high of $24.50 per share, reached on July 6, 1999.<br> <HR WIDTH=50% ALIGN=left> INDUSTRY CLASSIFICATION:<br> <b>SIC Code:</b> 3559<br> <b>Sector:</b> Technology<br> <b>Industry:</b> Computer Peripherals<br> </font><p></P><HR> <TABLE width='100%'> <TR> <TD ALIGN='left' width='30%'><font FACE=Garmond,Helvetica,Times size=1 color=#330066><B> COMPANY/ISSUER NAME:</B></font></TD> <TD ALIGN='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066><B> Gerber Scientific, Inc.</B></font></TD> </TR> <TR> <TD ALIGN='left' width='30%'><font FACE=Garmond,Helvetica,Times size=1 color=#330066><B> COMPANY/ISSUER TICKER:</B></font></TD> <TD ALIGN='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066><B> GRB</B></font></TD> </TR> <TR> <TD ALIGN='left' width='30%'><font FACE=Garmond,Helvetica,Times size=1 color=#330066><B> COMPANY WEBSITE:</B></font></TD> <TD ALIGN='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066><B> <A HREF='http://www.gerberscientific.com/'>http://www.gerberscientific.com/</A></B></font></TD> </TR> </TABLE><HR> <TABLE BORDER=0 width=100%> <TR><TD COLSPAN = 4><B><font FACE=Garmond,Helvetica,Times size=2 color=#330066> FIRST IDENTIFIED COMPLAINT IN THE DATABASE</font></B></TD></TR> <TR><TD colspan=4 align='left' bgcolor='#330066'> <font FACE=Garmond,Helvetica,Times size=2 color=#FFFFFF><B>Berger, et al. v. Gerber Scientific, Inc., et al.</B></font></TD></TR> <TR><TD align='left' colspan='4'><div align='left'> <table width='100%' CELLPADDING='0' CELLSPACING='0' BORDER='1'> <TR><TD align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;COURT:&nbsp;<b>D. Connecticut</b></font></TD> <TD ALIGN='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;DOCKET NUMBER:&nbsp;<b>02-CV-00687</b><font></font></font></TD></TR> <TR><TD align='left' colspan=2 bgcolor='#DDDDDD'> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;JUDGE NAME:&nbsp;<b>Hon. Janet C. Hall </b></font></TD></TR> <TR><TD align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;DATE FILED:&nbsp;<b>04/18/2002</b></font></TD> <TD align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;SOURCE:&nbsp;<b>Business Wires<b></b></b></font></TD></TR> <TR><TD align='left' bgcolor='#DDDDDD'> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;CLASS PERIOD START:&nbsp;<b>05/27/1999<b></b></b></font></td> <TD align='left' bgcolor='#DDDDDD'> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;CLASS PERIOD END:&nbsp;<b>04/12/2002</b></font></TD></TR> <TR><TD align='left' colspan=2><font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;TYPE OF COMPLAINT:&nbsp;<b>Unamended/Unconsolidated</b></font></TD></TR> <TR><TD align='left' colspan=2 bgcolor='#DDDDDD'> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> &nbsp;PLAINTIFF FIRMS IN THIS OR SIMILAR CASE:</font></TD></TR> <TR><TD align='left' colspan=2><font FACE=Garmond,Helvetica,Times size=2 color=#330066><LI> <A HREF=''>Adkins & Kelston, P.C.</A><BR>&nbsp;&nbsp;90 Canal Street - 5th Floor, Boston, MA, 2114<BR> &nbsp;&nbsp; (voice) 617.367.1040, (fax) , <LI> <A HREF='http://www.bermanesq.com'>Berman DeValerio Pease Tabacco Burt & Pucillo (FL)</A><BR>&nbsp;&nbsp;515 North Flagler Drive - Suite 1701, West Palm Beach, FL, 33401<BR> &nbsp;&nbsp; (voice) 561.835.9400, (fax) , <LI> <A HREF=''>Brian Felgoise</A><BR>&nbsp;&nbsp;230 South Broad Street, Suite 404 , Philadelphia, PA, 19102 <BR> &nbsp;&nbsp; (voice) 215.735.6810, (fax) 215/735.5185., <LI> <A HREF='http://www.cauleygeller.com'>Cauley Geller Bowman Coates & Rudman LLP (Little Rock, AR)</A><BR>&nbsp;&nbsp;P.O. Box 25438, Little Rock, AR, 72221-5438<BR> &nbsp;&nbsp; (voice) 501.312.8500, (fax) 501.312.8505, <LI> <A HREF='http://www.faruqilaw.com/'>Faruqi & Faruqi LLP</A><BR>&nbsp;&nbsp;320 East 39th Street, New York, NY, 10016<BR> &nbsp;&nbsp; (voice) 212.983.9330, (fax) 212.983.9331, Nfaruqi@faruqilaw.com <LI> <A HREF='http://www.glrs.com/'>Goodkind Labaton Rudoff & Sucharow LLP</A><BR>&nbsp;&nbsp;100 Park Avenue, New York, NY, 10017<BR> &nbsp;&nbsp; (voice) 212.907.0700, (fax) 212.818.0477, info@glrslaw.com <LI> <A HREF=''>Law Offices of Charles J. Piven, P.A.</A><BR>&nbsp;&nbsp;World Trade Center-Baltimore,401 East Pratt Suite 2525, Baltimore, MD, 21202<BR> &nbsp;&nbsp; (voice) 410.332.0030, (fax) , pivenlaw@erols.com <LI> <A HREF='http://members.aol.com/mhenzel182/frame.htm'>Law Offices of Marc S. Henzel</A><BR>&nbsp;&nbsp;335 Central Avenue, Lawrence, NY, 11559<BR> &nbsp;&nbsp; (voice) 516.374.0707, (fax) 516.295.3473, securitiesfraud@comcast.net <LI> <A HREF='http://www.lmwlaw.com'>LeBlanc & Waddell, LLC</A><BR>&nbsp;&nbsp;201 St. Charles Avenue, Suite 3204, New Orleans, LA, 70170<BR> &nbsp;&nbsp; (voice) 504.523.9900, (fax) 504.522.9300, <LI> <A HREF=''>Mark McNair </A><BR>&nbsp;&nbsp;1919 Pennsylvania Avenue, NW, Suite 800, Washington, DC, 20006<BR> &nbsp;&nbsp; (voice) 703.273.3070, (fax) , wmmcnair@justice4investors.com <LI> <A HREF='http://www.milberg.com'>Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY)</A><BR>&nbsp;&nbsp;One Pennsylvania Plaza, New York, NY, 10119-1065<BR> &nbsp;&nbsp; (voice) 212.594.5300, (fax) , <LI> <A HREF='http://www.pomerantzlaw.com'>Pomerantz Haudek Block Grossman & Gross LLP</A><BR>&nbsp;&nbsp;100 Park Avenue, 26th Floor, New York, NY, 10017-5516ven<BR> &nbsp;&nbsp; (voice) 212.661.1100, (fax) 212.661.8665, info@pomerantzlaw.com/ <LI> <A HREF='http://www.sbclasslaw.com'>Schiffrin & Barroway LLP</A><BR>&nbsp;&nbsp;3 Bala Plaza E, Bala Cynwyd, PA, 19004<BR> &nbsp;&nbsp; (voice) 610.667.7706, (fax) 610.667.7056, info@sbclasslaw.com <LI> <A HREF='http://www.scott-scott.com/'>Scott & Scott LLC</A><BR>&nbsp;&nbsp;P.O. Box 192, 108 Norwich Avenue, Colchester, CT, 06415<BR> &nbsp;&nbsp; (voice) 860.537.5537, (fax) 860.537.4432, scottlaw@scott-scott.com <LI> <A HREF='http://www.secfraud.com '>Stull, Stull & Brody (New York)</A><BR>&nbsp;&nbsp;6 East 45th Street, New York, NY, 10017<BR> &nbsp;&nbsp; (voice) 310.209.2468, (fax) 310.209.2087, SSBNY@aol.com <LI> <A HREF='http://www.wyca.com'>Weiss & Yourman (New York, NY)</A><BR>&nbsp;&nbsp;The French Building, 551 Fifth Ave., Suite 1600, New York, NY, 10126<BR> &nbsp;&nbsp; (voice) 212.682.3025, (fax) 212.682.3010, info@wyca.com <BR> <font face='Garmond,Helvetica,Times' size=1 color='#330066'> _____________________________________________ </font><BR> &nbsp;TOTAL NUMBER OF PLAINTIFF FIRMS:&nbsp; <b>16</b></font></TD></tr> </table></div> </TD></TR> </TABLE> <BR> <TABLE CELLPADDING=0 CELLSPACING=0 BORDER=1 width=100%> <TR><TD COLSPAN=4 bgcolor=#330066><font FACE=Garmond,Helvetica,Times size=2 color=#FFFFFF> &nbsp;DOCUMENTS FOR THE FIRST IDENTIFIED COMPLAINT</font></TD></TR><TR> <TD COLSPAN=4 bgcolor=#DDDDDD><font FACE=Garmond,Helvetica,Times size=2 color=#330066><b><A HREF='/1023/GRB02-01/20020418_f01c_Berger.pdf'>Class Action Complaint</A></b></font> </TD> </TR> <TR> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Type:&nbsp;Complaint</font> </TD> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Date on the document:&nbsp;04/18/2002</font> </TD> </TR><TR> <TD COLSPAN=4 bgcolor=#DDDDDD><font FACE=Garmond,Helvetica,Times size=2 color=#330066><b><A HREF='/1023/GRB02-01/20021224_f01k_02687.pdf'>U.S. District Court Civil Docket</A></b></font> </TD> </TR> <TR> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Type:&nbsp;Docket</font> </TD> <TD COLSPAN=2 align='left'><font FACE=Garmond,Helvetica,Times size=2 color=#330066>Date on the document:&nbsp;12/24/2002</font> </TD> </TR></TABLE><BR> <TABLE CELLPADDING=0 CELLSPACING=0 BORDER=1 width=100%><TR><TD COLSPAN=4 bgcolor=#330066><font FACE=Garmond,Helvetica,Times size=2 color=#FFFFFF> &nbsp;OTHER DOCUMENTS</font></TD></TR><TR><TD COLSPAN=4 bgcolor=#DDDDDD> <font FACE=Garmond,Helvetica,Times size=2 color=#330066><b> <A HREF='//'></A></b></font></TD></TR> <TR><TD COLSPAN=4 align='left'> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> Case Name and/or Number:&nbsp;</font> </TD></TR> <TR> <TD COLSPAN=2 align='left'> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> Type:&nbsp;</font></TD> <TD COLSPAN=2 align='left'> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> Date on the document:&nbsp;</font></TD> </TR></TABLE> <font FACE=Garmond,Helvetica,Times size=2 color=#330066> <HR><b>WARNING AND DISCLAIMER OF LIABILITY:</b><br> The information included on this Web site, whether provided by personnel employed by Stanford Law School or by third parties, is provided for research and teaching purposes only. 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