Wednesday, December 14, 2005

Shareholders File Lawsuit Against Diebold

Robert Lemos writes in SecurityFocus:

The CEO of Diebold, a maker of electronic voting systems and automated teller machines, stepped down on Monday, the day before a Connecticut law firm filed a shareholder lawsuit alleging, among other charges, that the company's execs downplayed voting system problems in the last election.

The lawsuit, filed by Scott + Scott, alleges that Diebold was unable to keep control the quality of its voting machines, lacked necessary oversight of its business processes and misled shareholders about its condition.

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