Defendant Name:
        
        Diebold, Inc.
    
    Defendant Type:
    
        Public Company
    
    
        
            Document Reference:
        
        LR-21543
    
    Document Details
    
    
        
            Legal Case Name
        
        SEC v. Diebold, Inc. 
    
    
        
        
            Document Name
        
        
            SEC Charges Diebold and Former Financial Executives with Accounting Fraud
        
    
    
        
        
            Document Date
        
        
            02-Jun-2010
        
    
    
    
        
        
            Document Format
        
        
            Civil Proceeding
        
    
    
    
    
        
            
                AAER
            
            
                3137
            
        
    
        
            Allegation Type
        
        
            
            Issuer Reporting and Disclosure
        
    
 
    
        
            Document Summary
        
        
            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."
        
    
 
    
    
        Disgorgement & Penalty Information