Investigation Overview
November 7, 2014 (Shareholders Foundation) - An investigation on behalf of current long-term investors in shares of Diebold Incorporated (NYSE:DBD) , was announced concerning whether certain Diebold Incorporated officers and directors possibly breached their fiduciary duties in connection with certain statements.
The investigation by a law firm concerns, among other things, whether certain Diebold Incorporated officers and directors breached their fiduciary duties and caused damage to the company and its shareholders.
Diebold Incorporated (NYSE:DBD) reported that its annual Total Revenue rose from over $2.83 billion in 2011 to over $2.99 billion in 2012, while its respective Net Income declined from $144.81 million to $78.45 million. Recently Diebold Incorporated agreed to pay more than $48 million in penalties and restitution in connection with Federal investigations by the SED and Department of Justice over alleged bribes in China, Indonesia and Russia.
Diebold Incorporated reported that its annual Total Revenue declined from over $2.99 billion in 2012 to over $2.85 billion in 2013 and that its Net Income of $73.60 million in 2012 decreased to a Net loss of $181.60 million in 2013.