Diebold sued by four law firms.

[kansasblue]

Lerach Coughlin Stoia Geller Rudman & Robbins LLP Files Class Action Suit Against Diebold, Incorporated
http://biz.yahoo.com/bw/051216/20051216005603.html?.v=1

Schatz & Nobel, P.C. Announces Class Action Lawsuit against Diebold Inc. and the Investigation of Diebold, Inc. 401k Plans -- DBD

http://biz.yahoo.com/pz/051216/91383.html

Diebold Sued by Investors Claiming Some Misleading Comments Artificially Inflated Share Prices

Colchester, Conn., firm Scott & Scott LLC sued on behalf of investors who held Diebold stock between Oct. 22, 2003, and Sept. 21, 2005. Stull, Stull & Brady of New York also sued, representing people whose employers bought Diebold stock for their retirement accounts during that same period.

http://biz.yahoo.com/ap/051216/diebold_investor_lawsuits.html?.v=2

[OregonBlue]

1. But one word on MSM about any of this. Guess the implications

of this company being crooked are just too much for them!

[kansasblue]

2. Follow the money $$$$$ The business section is alive with the info.

[OregonBlue]

3. Not the TV business media. Their stock was down a little yesterday

but not nearly as much as you'd think given 4 lawsuits and the results of the hack test! Nothing from Bloombery, CNBC, etc.

[Zan_of_Texas]

4. Diebold has a truckload of stock buyback authorized.

On the Wednesday before O'Dell was forced out on Monday, Diebold's board authorized the potential buyback of 4 million shares of Diebold stock, using company money. They said the stock was priced attractively for the company to get some more of its own stock.

I believe they are using the capability of buying shares on the open market to prop up the stock price.

If you look at the stock chart for DBD, it was steadily falling immediately before Dec. 7, when the authorization was made. Then it headed upward.

[OregonBlue]

5. Thank you. I keep watching it and wondering when it would fall.

So, if the lawsuits are successful, they'll be stuck with a bunch of worthless stock! Yippee!!