Diebold Sued by Investors

Connie Mabin, AP, reports:

Two law firms representing investors are suing Diebold Inc., claiming the Ohio company made misleading comments about its electronic voting machine business that led to artificially high share prices.

The lawsuits filed this week in U.S. District Court in Cleveland claim Diebold was “unable to assure the quality and working order of its voting machine products.” The plaintiff claims the company tried to conceal the problems from investors and that Diebold lacked the internal controls necessary to accurately monitor its financial performance.

Heh

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