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Case Status:    DISMISSED    
On or around 12/30/2002 (Date of order of final judgment)

Filing Date: April 18, 2002

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.

COMPANY INFORMATION:

Sector: Technology
Industry: Computer Peripherals
Headquarters: United States

SECURITIES INFORMATION:

Ticker Symbol: GRB
Company Market: New York SE
Market Status: Public (Listed)

About the Company & Securities Data


"Company" information provides the industry and sector classification and headquarters state for the primary company-defendant in the litigation. In general, "Securities" information provides the ticker symbol, market, and market status for the underlying securities at issue in the litigation.

In most cases, the primary company-defendant actually issued the securities that are the subject of the litigation, and the securities information and company information relate to the same entity. In a small subset of cases, however, the primary company-defendant is not the issuer (for example, cases against third party brokers/dealers), and the securities information and company information do not relate to the same entity.
COURT: D. Connecticut
DOCKET #: 02-CV-00687
JUDGE: Hon. Janet C. Hall
DATE FILED: 04/18/2002
CLASS PERIOD START: 05/27/1999
CLASS PERIOD END: 04/12/2002
PLAINTIFF FIRMS NAMED IN COMPLAINT:
  1. Adkins & Kelston, P.C.
    90 Canal Street - 5th Floor, Adkins & Kelston, P.C., MA 2114
    617.367.1040 · info@akzlaw.com
  2. Berman DeValerio Pease Tabacco Burt & Pucillo (FL)
    515 North Flagler Drive - Suite 1701, Berman DeValerio Pease Tabacco Burt & Pucillo (FL), FL 33401
    561.835.9400 ·
  3. Brian Felgoise
    230 South Broad Street, Suite 404 , Brian Felgoise, PA 19102
    215.735.6810 215/735.5185. ·
  4. Cauley Geller Bowman Coates & Rudman LLP (Little Rock, AR)
    P.O. Box 25438, Cauley Geller Bowman Coates & Rudman LLP (Little Rock, AR), AR 72221-5438
    501.312.8500 501.312.8505 ·
  5. Faruqi & Faruqi LLP (New York) (former)
    320 East 39th Street, Faruqi & Faruqi LLP (New York) (former), NY 10016
    212.983.9330 212.983.9331 · Nfaruqi@faruqilaw.com
  6. Goodkind Labaton Rudoff & Sucharow LLP
    100 Park Avenue, Goodkind Labaton Rudoff & Sucharow LLP, NY 10017
    212.907.0700 212.818.0477 · info@glrslaw.com
  7. Law Offices of Charles J. Piven, P.A.
    World Trade Center-Baltimore,401 East Pratt Suite 2525, Law Offices of Charles J. Piven, P.A., MD 21202
    410.332.0030 · pivenlaw@erols.com
  8. Law Offices of Marc S. Henzel (Lawrence)
    335 Central Avenue, Law Offices of Marc S. Henzel (Lawrence), NY 11559
    516.374.0707 516.295.3473 · securitiesfraud@comcast.net
  9. LeBlanc & Waddell, LLC
    201 St. Charles Avenue, Suite 3204, LeBlanc & Waddell, LLC, LA 70170
    504.523.9900 504.522.9300 ·
  10. Mark McNair
    1919 Pennsylvania Avenue, NW, Suite 800, Mark McNair , DC 20006
    703.273.3070 · wmmcnair@justice4investors.com
  11. Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY)
    One Pennsylvania Plaza, Milberg Weiss Bershad Hynes & Lerach LLP (New York, NY), NY 10119-1065
    212.594.5300 ·
  12. Pomerantz LLP (New York)
    600 Third Avenue, Pomerantz LLP (New York), NY 10016
    212.661.1100 212.661.8665 · info@pomerantzlaw.com/
  13. Schiffrin & Barroway LLP
    3 Bala Plaza E, Schiffrin & Barroway LLP, PA 19004
    610.667.7706 610.667.7056 · info@sbclasslaw.com
  14. Scott & Scott LLC (Connecticut)
    P.O. Box 192, 108 Norwich Avenue, Scott & Scott LLC (Connecticut), CT 06415
    860.537.5537 860.537.4432 · scottlaw@scott-scott.com
  15. Stull, Stull & Brody (New York)
    6 East 45th Street, Stull, Stull & Brody (New York), NY 10017
    310.209.2468 310.209.2087 · SSBNY@aol.com
  16. Weiss & Yourman (New York, NY)
    The French Building, 551 Fifth Ave., Suite 1600, Weiss & Yourman (New York, NY), NY 10126
    212.682.3025 212.682.3010 · info@wyca.com
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