The Law Office of Joseph Klein Announces Investigation of Gerber Scientific Inc.
June 22 2011 - 7:06PM
Business Wire
The Law Office of Joseph Klein is investigating the Board of
Directors of Gerber Scientific Inc. (NYSE: GRB) for possible
breaches of fiduciary duty and other violations of state law in
connection with the sale of the Company to Vector Capital Corp.
Under the terms of the deal, Vector Capital will pay Gerber
shareholders $11.00 per share of Gerber stock they own. Gerber
shareholders also will receive a non-transferable right to receive
cash payments in the future, contingent upon possible recoveries
resulting from certain patent litigation claims (U.S. Patent
5,537,135). The transaction has a total approximate value of $281.8
million.
The investigation concerns whether the Gerber Board of Directors
breached their fiduciary duties to Gerber stockholders by failing
to adequately shop the Company before entering into this
transaction and whether Vector Capital Corp. is underpaying for
Gerber shares.
If you own common stock in Gerber and wish to obtain additional
information, please contact Joseph Klein, Esq. directly, via email
at jk@jkleinlawfirm.com, by telephone at 718-947-0005, Toll Free:
877-STOK-180, or visit
http://www.jkleinlawfirm.com/gerber-scientific.html.
Joseph Klein, Esq. is an experienced attorney and has also
practiced as a Certified Public Accountant. Mr. Klein represents
investors and participates in securities litigations involving
financial fraud throughout the nation. Attorney advertising. Prior
results do not guarantee similar outcomes.
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