Diebold named in class action suit

Diebold named in class action suit
Tags: Diebold, Incorporated, Kiosks/Self-Service, Manufacturers, Other, Public Companies, Regulatory Issues
December 15, 2005

NORTH CANTON, Ohio - Corporate officers at Diebold Inc. have been named defendants in a class action lawsuit filed in U.S. District Court for the Northern District of Ohio.

According to a news release, the suit alleges violations of U.S. securities laws and that the company was unable to assure the quality and working order of its voting-machine products.

The plaintiffs are seeking unspecified damages.

In a statement released to investors, Diebold states that "the allegations in the lawsuit are without merit," and that the company "intends to vigorously defend itself against all allegations."