Diebold Nixdorf to contest shareholder class action lawsuit
Diebold Nixdorf (NYSE: DBD) understands that a plaintiffs' law firm has filed a putative federal securities class action complaint against the company and two former officers relating to the company's pre-earnings announcement dated July 5, 2017.
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In that announcement, Diebold Nixdorf adjusted its full-year 2017 financial outlook. This pre-earnings announcement came just days after the end of the second quarter 2017, and in advance of the company's scheduled second quarter earnings release on July 19, 2017.
Diebold Nixdorf intends to vigorously defend these claims, as the company believes they are without merit. The company denies any liability.