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...
To view the full article, register now.




Case Information

Case Title

In re: Diebold ERISA Litigation

Case Number



Ohio Northern

Nature of Suit

Labor: E.R.I.S.A.


John R. Adams

Date Filed

January 24, 2006

Law Firms


Government Agencies

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.