Bernstein Litowitz Berger & Grossmann LLP Announces Securities Class Action against Gerber Scientific, Inc. is Voluntarily Dismissed.Business Editors/Legal Writers NEW YORK--(BUSINESS WIRE)--Jan. 7, 2003 Following its appointment as Lead Plaintiff by the United States District Court for the District of Connecticut The United States District Court for the District of Connecticut is the Federal district court whose jurisdiction is the state of Connecticut. The court has offices in Bridgeport, Hartford and New Haven. in Berger v. Gerber Scientific Gerber Scientific Inc., located in South Windsor, Connecticut, is the parent of companies which provide end-to-end customer solutions to the world's sign making and specialty graphics, ophthalmic lens processing, and apparel and flexible materials industries. , 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 LLP - Lower Layer Protocol , believed that this course of action was consistent with their fiduciary responsibilities under the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and 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 Without any loss or waiver of rights or privileges. When a lawsuit is dismissed, the court may enter a judgment against the plaintiff with or without prejudice. When a lawsuit is dismissed without prejudice . On December 24, 2002, the Hon. Janet C. Hall approved the voluntary dismissal and ordered that the action be dismissed without prejudice. All inquiries regarding this press release should be directed to counsel for the plaintiffs - Eitan Misulovin -- at Bernstein Litowitz Berger & Grossmann LLP, (212) 554-1484; email: eitan@blbglaw.com |
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