MARKET SCAMS

[Capt_Nemo]

Heads Up, Diebold
I have no idea what to make of this.

An organization called "VelvetRevolution.us, a coalition of more than 130 progressive organizations demanding electoral reform," issued this press release today stating that it is

seeking plaintiffs for a potential class action securities litigation against Diebold, Inc. (stock symbol: DBD). The class for the suit will involve shareholders who purchased or owned stock in the Ohio-based company any time between Oct. 22, 2003 and Sept. 21, 2005. The lawsuit will involve securities fraud violations and other troubling matters by the controversial company, its CEO, and other current and former members of its Board of Directors.

A visit to the VelvetRevolution.us website provided a bit more information. Citing exclusive information from the Brad Blog, the coalition's home page states that the case is a "developing potential class action securities litigation" against Diebold that is "currently being drawn up." It further states that those who owned or purchased Diebold stock are asked to contact VelvetRevolution.us "where contact information submitted may be turned over to attorneys currently working on the case for possible addition to the plaintiff class."

It will be interesting to see which plaintiffs' attorneys, if any, surface as the recipients of the information resulting from this effort. In the meantime, heads up Diebold, the VelvetRevolution is after you!

02:09 PM | Permalink
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