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New York Law Firm Annouces DIEBOLD INQUIRY

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kpete Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-20-05 04:21 PM
Original message
New York Law Firm Annouces DIEBOLD INQUIRY
Dec. 20, 2005, 12:20PM
(PZ) Wechsler Harwood Announces an Investigation of ERISA Violations Relating to the Diebold, Incorporated 401(k) Savings Plan -- DBD



NEW YORK, Dec. 20, 2005 (PRIMEZONE) -- The New York law firm of Wechsler Harwood LLP today announced that it has commenced an investigation into Diebold, Inc. ("Diebold" or the "Company") (NYSE:DBD) for violations of the Employee Retirement Income Security Act of 1974 ("ERISA") in relation to its handling of investments in the Diebold, Incorporated 401(k) Savings Plan (the "Plan").

In particular, the investigation focuses on whether the Company and certain Plan administrators breached their fiduciary duties by, among other things: (a) negligently misrepresenting and negligently failing to disclose material facts to the Plan and the Plan participants in connection with the management of the Plan's assets; (b) failing to properly monitor Plan fiduciaries; and (c) negligently permitting the Plan to purchase and hold Diebold stock when it was imprudent to do so.
http://www.chron.com/disp/story.mpl/prn/texas/3537479.html
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stepnw1f Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-20-05 04:22 PM
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1. Every State That Used their Machines Should Sue!
It's time for accountability..... yes the election was stolen!
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texpatriot2004 Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-20-05 04:23 PM
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2. Yeah! What good news. It sucks to be Diebold eh. nm
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Quakerfriend Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-20-05 04:26 PM
Response to Original message
3. YES!
Every single state should sue for the big $$$ they paid to acquire Deibold's faulty equipment and for a botched election with questionable outcome!
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helderheid Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-20-05 04:27 PM
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4. recommended!
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babylonsister Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-20-05 05:08 PM
Response to Original message
5. Yeah! K and Nom and Rec'd! The more the merrier! nt
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mom cat Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-20-05 06:32 PM
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6. Pile it on!
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eppur_se_muova Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-20-05 10:12 PM
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7. DIE LIEBALD DIE!! nt
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