On August 22, 2008, Judge Peter Economus of the U.S. District Court for the Northern District of Ohio dismissed the securities class action against Diebold, Inc. and numerous Diebold executives. Plaintiffs claimed that the defendants made a series of allegedly false statements regarding the financial health of Diebold and that those statements materially misled the investing public. The court ruled, however, that plaintiffs failed adequately to allege scienter.
Geoffrey J. Ritts
Diebold was represented in the case by Geoffrey J. Ritts, John M. Newman, Jr., Adrienne M. Ferraro, and Jonathan B. Leiken of the law firm Jones Day.
Read the Court’s opinion in In re Diebold Securities Litigation
