Milberg Weiss Announces The Filing Of A Class Action Suit Against Diebold

[kster]

NEW YORK--(BUSINESS WIRE)--Jan. 6, 2006--The law firm of Milberg Weiss Bershad & Schulman LLP announces that a class action lawsuit was filed on January 6, 2005, on behalf of purchasers of the securities of Diebold, Inc. ("Diebold" or the "Company") (NYSE: DBD) between October 22, 2003 and September 20, 2005, inclusive (the "Class Period"), seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act").

The action, is pending in the United States District Court for the Northern District of Ohio, against defendants Diebold, Walden W. O'Dell (former CEO, Chairman), Eric C. Evans (former President and COO) and Gregory T. Geswein (former CFO). A copy of the complaint filed in this action is available from the Court, or can be viewed on Milberg Weiss's website at: http://www.milbergweiss.com

If you bought the securities of Diebold between October 22, 2003 and September 20, 2005, inclusive, and sustained damages, you may, no later than February 13, 2006, request that the Court appoint you as lead plaintiff. A lead plaintiff is a representative party that acts on behalf of other class members in directing the litigation. In order to be appointed lead plaintiff, the Court must determine that the class member's claim is typical of the claims of other class members, and that the class member will adequately represent the class. Under certain circumstances, one or more class members may together serve as "lead plaintiff." Your ability to share in any recovery is not, however, affected by the decision whether or not to serve as a lead plaintiff. You may retain Milberg Weiss Bershad & Schulman LLP, or other counsel of your choice, to serve as your counsel in this action.

The Complaint alleges that throughout the Class Period, defendants represented that the Company was effectively growing its business and that the growth would continue. Such statements presented the Company's historical results, and its prospects, in a very favorable light, causing the Company's stock to trade at inflated levels. Such statements, which are particularized in the complaint, were materially false and misleading because, contrary to the picture painted by defendants, the Company was suffering from severe operational and manufacturing deficiencies and lacked the systems and processes necessary to issue accurate and reliable financial forecasts.

http://home.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&newsId=20060106005625&newsLang=en

[orleans]

1. yes, well, here's a few paragraphs from my local paper yesterday

"DuPage County buys touch-screen voting machines"

snip

"The commission will receive a grant of no more than $4 million to purchase 732 Diebold TSX touch-screen machines, one for each precinct in the county."

snip

"The commission approved the agreement in a special meeting less than 10 minutes long. Vice Chairman Jeanne McNamara addressed residents' doubts about the system.
"We share your concerns that a vote cast be a vote counted. We cannot, will not, and have not relied upon unsubstantiated rumors, allegations and innuendos regarding the system selection," McNamara said."

snip

"Saar said the commissions decision came down to the wire as it investigated claims made against the systems. He said the commission was most impressed by Diebold. "They have a proven track record to get the work done," he said. "

ARRRGGGGGHHHHHHHHHHHHHHH!!!!! HELLLLLLLLLLLLLLPP!

[Erika]

2. Yeah, Diebold said they would deliver Ohio to W

They got the work done.

[kster]

5. I'm a stones throw away, depending on how good you can throw a stone

Will county, I read the same article.

[orleans]

14. hey, will county. that article gave me a whirlwind of

emotions ranging from shocked to "figures" to "those f*ckers!"

i sent off a letter to durbin (the email i sent him got bounced back to me--i wondered if his name is in the news too much, connected with that abramoff crap and donations he took from an indian tribe) and i sent him a copy of the article, pleading for help.

gee? do i really think he can? no, but i'm desperate. first it's one per precinct then it'll be all diebolds as far as the eye can see.

blah.

[kster]

15. Keep sending them e-mails, Diebold as far as the eye can see

http://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=203x408124#408136

this is what I see.

[redacted]

3. Here's the direct link to the Complaint in PDF format:

http://www.milbergweiss.com/files/tbl_s5069CaseStudies/Complaint5728/2363/complaint_locked.pdf

[Steve A Play]

4. It's getting hard to keep track of all of them!

12/13/05 Federman & Sherwood Announces That a Securities Class Action Lawsuit Was Filed Against Diebold, Inc.

12/13/05 Scott + Scott LLC Law firm says filed suit against Diebold

12/16/05 Schatz & Nobel, P.C. Announces Class Action Lawsuit against Diebold Inc. and the Investigation of Diebold, Inc. 401k Plans

12/17/05 Law Offices Of Charles J. Piven, P.A. Announces Class Action Lawsuit Against Diebold Inc.

12/20/05 Wechsler Harwood Announces an Investigation of ERISA Violations Relating to the Diebold, Incorporated 401(k) Savings Plan

12/28/05 Smith & Smith LLP Announces Class Action Lawsuit Against Diebold, Incorporated

12/30/05 Shareholder Class Action Filed Against Diebold, Inc. by the Law Firm of Schiffrin & Barroway, LLP

Steven P. :kick:

[kster]

6. You seem to be doing a pretty good job at it...nt

[Steve A Play]

7. Somebody has to

:hi: :kick:

[redacted]

8. Steven, maybe start a new thread with this info? Or a blog?

I had no idea there were now SEVEN suits. And if I didn't know that, the sheeple not here on DU have no clue whatsoever.

That's some really nice work.

[Steve A Play]

9. Thanks but it was really nothing

I just knew that I had heard of several others recently so I went to Google and typed in 'Diebold' and 'lawsuit' in the news section and clicked on 'sort by date'. :)

Perhaps BradBlog should do a follow-up to their recent coverage. Maybe something like "Is Diebold the canary in the E-Voting coal mine?"

Start with a generic "Mounting pressure on Diebold by states, stockholders, and voting rights groups, yadda yadda...

Continue with a state by state roundup of their machines being dumped in Leon and Volusia counties in Florida and North Carolina, California de-certifying them till the ITA's determine if the software 'interpreter' is legal, Connecticut, and Pennsylvania refusing to certify Diebold machines, http://www.bradblog.com/archives/00002187.htm">New Mexico now taking a closer look at not only Diebold but Sequoia as well, etc.

Move on to the stockholder and other lawsuits as summed up above.

Give a volley of quotes from various election reform spokespersons that sum up the problems.

He could even go into some of Abramoff's ties to his lobbyist who spent $287,500.00 lobbying New York City on behalf of Diebold Election Systems in 2003/4.

If he doesn't, maybe I'll write something up for DU. Anyone know how many posts I need to start a thread?

Steven P. :kick:

[kster]

10. How many posts do I need to start a new thread, etc?

New members are restricted from starting new discussion topics. We require you to first post responses to a few existing discussion threads before you are given the privilege to do so. We wish we did not have to enforce this rule, but we have found it very helpful to keep disruptors off of our message board. Please do not ask what the minimum number is; we won't tell you, and it's not very high. New members are similarly restricted from using the private messaging function or recommending topics for the Greatest Page.


http://www.democraticunderground.com/forums/faq.html

[Steve A Play]

11. Thanks kster

I guess I'll just :kick: this instead.

Steven P.

[Steve A Play]

16. I almost forgot

St. Louis!

Steven P. :kick:

[nicknameless]

12. R'ed yesterday. K'ed today.

How is it that these rethug corporations don't hesitate to commit multiple crimes? Election fraud wasn't enough? What arrogance.
It speaks volumes about the thoroughness of governmental corruption that Diebold assumed they had nothing to worry about.

:kick:

[Land Shark]

13. Diebold guilty of not accomplishing only thing they're trying to do:

Make Money for shareholders.

[AtLiberty]

17. Is there a clearing house to keep all these straight?

I think I've read about a dozen different class-action lawsuits against Diebold the past month.

[kster]

18. Heres a list

Steve A Play (56 posts)

12/13/05 Federman & Sherwood Announces That a Securities Class Action Lawsuit Was Filed Against Diebold, Inc.

12/13/05 Scott + Scott LLC Law firm says filed suit against Diebold

12/16/05 Schatz & Nobel, P.C. Announces Class Action Lawsuit against Diebold Inc. and the Investigation of Diebold, Inc. 401k Plans

12/17/05 Law Offices Of Charles J. Piven, P.A. Announces Class Action Lawsuit Against Diebold Inc.

12/20/05 Wechsler Harwood Announces an Investigation of ERISA Violations Relating to the Diebold, Incorporated 401(k) Savings Plan

12/28/05 Smith & Smith LLP Announces Class Action Lawsuit Against Diebold, Incorporated

12/30/05 Shareholder Class Action Filed Against Diebold, Inc. by the Law Firm of Schiffrin & Barroway, LLP

Steven P