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Did you hear?… Cybex CEO in shareholder letter tells of ‘sense of injustice’ in $66M verdict against firm

On Dec. 13, Cybex CEO John Aglialoro sent an open letter to shareholders explaining his company’s position on the recent $66 million jury verdict against the company. Read it on SNEWS.


On Dec. 13, Cybex CEO John Aglialoro sent an open letter to shareholders and also posted it on the company website explaining his company’s position on the recent $66 million jury verdict against the company.

In it, Aglialoro explained what he called a “sense of injustice” the management and employees feel. Since the announcement of the verdict on Dec. 8, 2010, Cybex’s stock price (NASDAQ: CYBI) has plummeted, hitting a low Dec. 8 of $0.67. On Dec. 13, shares closed at $0.72, down 8.86 percent, on a volume of 115,604.

Aglialoro wrote:



To read the letter online, click here. To read the Dec. 8, 2010 company statement about the verdict against it, click here.

–Therese Iknoian