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|Diebold Reports Recently Filed Class Action Lawsuit|
NORTH CANTON, Ohio, Dec 16, 2005 /PRNewswire-FirstCall via COMTEX News Network/ -- Diebold, Incorporated (NYSE: DBD) today announced that the company and certain corporate officers have been named as defendants in a purported class action lawsuit filed in the United States District Court for the Northern District of Ohio. Two law firms have currently announced the commencement of actions on behalf of shareholders that are believed to be similar in substance.
The complaint alleges violations of United States securities laws and that the company was unable to assure the quality and working order of its voting machine products. The plaintiffs seek unspecified damages. The company believes that the allegations in the lawsuit are without merit, and it intends to vigorously defend itself against all allegations.
This press release contains certain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. The use of the words "believes," "anticipates," "expects," "intends" and similar expressions is intended to identify forward-looking statements that have been made and may in the future be made by or on behalf of the company. These forward-looking statements relate to, among other things, the merits of the lawsuit and the defenses to the allegations contained in the lawsuit. Although the company believes that these forward-looking statements are based upon reasonable assumptions, these forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed in or implied by the forward-looking statements. These risks and uncertainties include, without limitation, the ability of the company to successfully defend itself in any lawsuit, including the purported class action lawsuit, and the uncertainties of litigation. The company is not obligated to update forward-looking statements, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
Diebold, Incorporated is a global leader in providing integrated self- service delivery and security systems and services. Diebold employs more than 14,000 associates with representation in nearly 90 countries worldwide and is headquartered in Canton, Ohio, USA. Diebold reported revenue of $2.4 billion in 2004 and is publicly traded on the New York Stock Exchange under the symbol 'DBD.' For more information, visit the company's Web site at www.diebold.com.
SOURCE Diebold, Incorporated
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