Diebold CFO, Ex-Execs Get Wells Notices

Law360, New York (March 25, 2009, 12:00 AM EDT) -- ATM and voting machine manufacturer Diebold Inc. revealed Wednesday that its chief financial officer and other former employees had received Wells notices from the U.S. Securities and Exchange Commission as part of a long-running probe into the company's process for identifying revenue.

Diebold CFO and Executive Vice President Kevin J. Krakora, as well as its former CFO and other former employees in Diebold's finance organization, have all received the notices, which relate to items addressed in the company's previously filed restated financial statements, the company said....
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.