Judge Orders Diebold Shareholder Claims to Proceed Amid Wrongdoing Allegations – Including SEC Securities Fraud Fine for $25 Million

A court has ordered that a Diebold DBD shareholder's case against the company's board of directors should proceed, announced Goldfarb Branham LLP. The lawsuit alleges that the board's lax internal controls and wasting of corporate assets caused significant damage to the value of Diebold. Current Diebold stockholders – and persons with knowledge about these issues – are encouraged to learn more about investors' rights and these claims by contacting securities attorney Hamilton Lindley, toll free at 877-583-2855 or by email at hlindley@goldfarbbranham.com. “Under the directors' watch, Diebold paid a $25 million securities fraud fine to the SEC, paid $41 million in fees related to that fine, had to buy back $358 million in stock and lost $2.5 billion in stockholder value,” Hamilton Lindley said. “Our shareholder lawsuit seeks to restore investor confidence at Diebold by enhancing internal controls at the company – and get money back from the wrongdoers – so that Diebold improves its value for investors.”