Circuit Ruling Should Kill ERISA Suit: Diebold

Law360, New York (October 9, 2007, 12:00 AM EDT) -- Automatic teller manufacturer Diebold Inc. claims that a recent appellate court ruling which rejected “artificial inflation” of securities claims should compel a court to dismiss a purported class action lawsuit which accuses the company of mismanaging employee retirement benefits.

Diebold filed a notice of supplemental authority on Monday in the U.S. District Court for the Northern District of Ohio, which is handling consolidated litigation over the company's alleged violations of the Employee Retirement Income Security Act. The notice claimed that the U.S. Court of Appeals for...
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