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