Defendant Name: Diebold, Inc.

Defendant Type: Public Company
SIC Code: 3578
CUSIP: 25365110

Initial Case Details

Legal Case Name SEC v. Diebold, Inc.
First Document Date 02-Jun-2010
Initial Filing Format Civil Proceeding
Case Number 10-cv-00908
Allegation Type Issuer Reporting and Disclosure
Federal District Court District of Columbia, District of Columbia

Violations Alleged

Exchange Act
Sec 10(b) + Rule 10b-5
Rule 12b-20
Sec 13(a)
Rule 13a-1
Rule 13a-11
Rule 13a-13
Sec 13(b)(2)(A)
Sec 13(b)(2)(B)


First Resolution Date 02-Jun-2010
Headline Total Penalty and Disgorgement

See Related Documents

Related Documents:

comp21543-diebold 02-Jun-2010 Complaint
On June 2, 2010, the SEC filed a complaint against Diebold, Incorporated. According to the SEC: "From at least 2002 to 2007, Diebold engaged in fraudulent accounting practices in order to inflate earnings to meet forecasts."
LR-21543 02-Jun-2010 Litigation Release
SEC Charges Diebold and Former Financial Executives with Accounting Fraud
On June 2, 2010, the SEC issued a litigation release announcing it filed a civil action against Diebold, Incorporated and former financial executives. According to the SEC, the defendants "engaged in fraudulent accounting practices to inflate the company's earnings to meet forecasts." In addition, according to the SEC, "Without admitting or denying the Commission's charges, Diebold has agreed to consent to a final judgment ordering the company to pay a $25 million civil penalty and permanently enjoining the company from future violations."
2010-93 02-Jun-2010 Press Release--Civil Action
SEC Charges Diebold and Former Executives With Accounting Fraud
On June 2, 2010, the SEC announced that it charged Diebold, Inc. ("Diebold"), an Ohio-based company that manufactures and sells ATMs, bank security systems and electronic voting machines, for engaging in a fraudulent accounting scheme to inflate its earnings. According to the SEC's complaint against Diebold, filed in U.S. District Court for the District of Columbia, the company manipulated its earnings from at least 2002 through 2007 to meet financial performance forecasts and made material misstatements and omissions to investors in dozens of SEC filings and press releases. Diebold's improper accounting practices misstated the company's reported pre-tax earnings by at least $127 million. Without admitting or denying the SEC's charges, Diebold consented to a final judgment ordering payment of the $25 million penalty and permanently enjoining the company from future violations of the antifraud, reporting, books and records, and internal control provisions of the federal securities laws.
court_doc3_10-cv-00908 14-Jun-2010 Court Docket Document
Final Judgment as to Defendant Diebold, Incorporated
On June 14, 2010, Federal District Judge Paul L. Friedman entered final judgment against Diebold, Inc. pursuant to the consent of Diebold, Inc.

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