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Service Corporation International Announces Class Certified By Florida Court
HOUSTON, Aug. 19 /PRNewswire-FirstCall/ -- Service Corporation International (NYSE: SRV) announced today that in connection with the lawsuit involving two SCI-affiliated cemeteries in South Florida, the trial judge has issued a ruling certifying a class. The lawsuit is captioned Joan Light, Shirley Eisenbert and Carol Prisco v. SCI Funeral Services of Florida, Inc. d/b/a Menorah Gardens & Funeral Chapels, and Service Corporation International, Case No. 01-21376 CA 08, and was filed December 19, 2001 in the Circuit Court of the 17th Judicial Circuit in and for Broward County, Florida, General Jurisdiction Division.
The lawsuit was brought on behalf of all persons with burial plots or family members buried at Menorah Gardens & Funeral Chapels in Florida. Excluded from the class definition are persons whose claims have been reduced to judgment or have been settled as of the date of class certification.
The Company is reviewing the trial judge's order to determine the appropriate response. The Company currently cannot quantify its ultimate liability, if any, for the payment of damages or predict the outcome of this pending litigation.
Cautionary Statement on Forward-Looking Statements
The statements in this press release that are not historical facts are forward-looking statements made in reliance on the "safe harbor" protections provided under the Private Securities Litigation Reform Act of 1995. These statements may be accompanied by words that convey the uncertainty of future events or outcomes. These statements are based on assumptions that the Company believes are reasonable; however, many important factors could cause the Company's actual results in the future to differ materially from the forward-looking statements made herein and in any other documents or oral presentations made by, or on behalf of, the Company, including the outcome of proceedings and investigations still pending in Florida. For further information on these risks and uncertainties, see the Company's Securities and Exchange Commission filings, including the Company's 2002 Annual Report on Form 10-K. The Company assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by the Company, whether as a result of new information, future events or otherwise.
For additional information contact: Investors: Debbie Young (713) 525-9088 Media: Don Mathis (561) 329-3013 Terry Hemeyer (713) 525-5497
SOURCE Service Corporation International