Diebold DBD Stock Purchasers File Securities Fraud Class Action Lawsuit Complaint Against Diebold Over Alleged Improper Accounting Methods
A securities fraud class action lawsuit was filed against Diebold, Inc., Diebold’s officers and Diebold’s auditors, KPMG, LLC (collectively the “Defendants”) on behalf of a class consisting of all those who purchased or otherwise acquired the common stock of Diebold, Inc. between June 30, 2005 and January 15, 2008 inclusive (the “Class”), alleging that Diebold violated federal securities fraud laws by issuing false and misleading financial information to investors, according to class action lawsuit news reports.
The Diebold DBD securities fraud class action lawsuit complaint reportedly alleges that the defendants used improper accounting methods to inflate Diebold’s pre-tax earnings by $175 million.
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