Diebold Faces Shareholder Suit After CEO Steps Down

Law360, New York (December 15, 2005, 12:00 AM EST) -- The legal problems facing voting machine maker Diebold continue to mount, as CEO Walden O’Dell has resigned and shareholders have begun filing class action suits related to allegedly misleading statements about the company’s financial health.

The first class action suit, filed by plaintiffs firm Scott & Scott, came just one day after O’Dell stepped down from his position, citing “personal reasons.”

O’Dell will be replaced by Diebold president Thomas Swidarski.

“The board of directors and Wally mutually agreed that his decision to resign at this time...
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