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Browse: Home / 2008 / August / 26 / Ohio Federal Court Dismisses Diebold Securities Class Action

Ohio Federal Court Dismisses Diebold Securities Class Action

By Securities Docket on August 26, 2008, 2:34 pm

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

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

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Posted in Class Actions | Tagged Dismissals

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