WooHoo! Look at Lawsuits Scott & Scott VS Diebold has been involved in!

[KoKo]

Scott+Scott, LLC Files Securities Fraud Class Action Against Diebold Inc.
Tuesday December 13, 6:19 pm ET
Complaint Alleges Insider Trading Violations

The complaint alleges that defendants violated provisions of the United States securities laws causing artificial inflation of the Company's stock price. According to the complaint, during the Class Period, the Company lacked a credible state of internal controls and corporate compliance and remained unable to assure the quality and working order of its voting machine products. It is further alleged that the Company's false and misleading statements served to conceal the dimensions and scope of internal problems at the Company, impacting product quality, strategic planning, forecasting and guidance and culminating in false representations of astonishingly low and incredibly inaccurate restructuring charges for the 2005 fiscal year, which grossly understated the true costs and problems defendants faced to restructure the Company. The complaint also alleges over $2.7 million of insider trading proceeds obtained by individual defendants during the Class Period.

Finally, investors learned the truth about the adverse impact of the Company's alleged defective and deficient inventory-related controls and systems on Diebold's financial performance. As a result of defendants' shocking news and disclosures of September 21, 2005, the price of Diebold shares plunged 15.5% on unusually high volume, falling from $44.37 per share on September 20, 2005, to $37.47 per share on September 21, 2005, for a one- day drop of $6.90 per share on volume of 6.1 million shares -- nearly eight times the average daily trading volume.

The plaintiff is represented by Scott+Scott, LLC, which has significant experience in prosecuting investor class actions. The firm dedicates itself to client communication and satisfaction and currently is litigating major securities, antitrust and employee retirement plan actions throughout the United States. The firm represents pension funds, charities, foundations, individuals and other entities worldwide. Cases currently being litigated and/or investigated by Scott+Scott, LLC include: Refco, Inc.; Guidant Corp.; Abbott Laboratories; Halliburton; TRM Corp.; and Faro Tech., among others. Its success has brought shareholders hundreds of millions of dollars in cases against Mattel, Royal Dutch/Shell, Sprint, ImClone and others.


http://biz.yahoo.com/prnews/051213/netu036.html?.v=32

[NMDemDist2]

1. K& Nomination #3

:woohoo: :woohoo: :woohoo: :woohoo: :woohoo: :woohoo:

[hedda_foil]

2. Holy crap!

These guys really know what they're doing!

[bleever]

5. I think we're going to get info we would never have gotten via

legal action related to election fraud that will serve us very well.

:toast:

[bleever]

3. Thanks for the info. Diebold's security flaws thus are fair game in a

law suit unrelated to the theft of the election, but thus become public record.

Rec'd.

[Amaryllis]

6. How do you see that? I don't see the relation. Why would security flaws

become public recond? Software is still proprietary...

[bleever]

8. Because litigation re: stock value includes questions about the mere

vulnerability to security problems, and the risk of not being approved as compliant systems for different jurisdictions, and thus not generating the promised do-re-mi.

The free market says: you're only worth your contracts. And if some states say you're not meeting
legal standards (HAVA, and so much more), and you can't sell your corrupt machines, you're devalued (and maybe fraudulent!) in the public market. Which is not nearly as difficult to prove as: "you stole an election".


:)

[glitch]

10. Oh yes indeedy. FRAUD.

it is their specialty after all.. (by they I mean the whole corrupt cabal, of which diebold is just an arm, or maybe even a finger).

[stepnw1f]

4. Ahhhhhhhhwwwww Yeah!

This could be the break we need to find "hard" evidence that Diebold intentionally wrote bad code. Proof the election had been stolen.

[hvn_nbr_2]

7. There's more than one way to skin a goose...

Securities fraud class action law suits are to election fraud
as
Income tax evasion was to 1930s gangsters

Or at least we can hope.

[kansasblue]

9. so Diebold will have to discuss.....

why "the Company lacked a credible state of internal controls and corporate compliance and remained unable to assure the quality and working order of its voting machine products."

[kster]

11. kick.nt