Robbins Geller Rudman & Dowd LLP Announces Diebold Securities Litigation

YOUNGSTOWN, Ohio--()--The following statement is being issued by Robbins Geller Rudman & Dowd LLP pursuant to an order of the United States District Court for the Northern District of Ohio Eastern Division:

LOUISIANA MUNICIPAL POLICE

   

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No. 1:10-cv-01461-BYP

EMPLOYEES RETIREMENT SYSTEM,

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Individually and on Behalf of All Others

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CLASS ACTION

Similarly Situated,

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Plaintiff,

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Judge Benita Y. Pearson

vs.

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KPMG, LLP, et al.,

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Defendants.

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TO:

   

ALL PERSONS WHO PURCHASED DIEBOLD, INC. (“DIEBOLD”) COMMON STOCK AND/OR PUT AND CALL OPTIONS BETWEEN JUNE 30, 2005 AND JANUARY 14, 2008, INCLUSIVE

 

YOU ARE HEREBY NOTIFIED that pursuant to an Order of the United States District Court for the Northern District of Ohio, Eastern Division, a hearing will be held on March 19, 2014, at 10:30 a.m., before the Honorable Benita Y. Pearson, at the United States District Court for the Northern District of Ohio, Eastern Division, 313 Thomas D. Lambros United States Federal Building and Courthouse, 125 Market Street, Youngstown, Ohio 44503, for the purpose of determining: (1) whether the proposed settlement of the Litigation for the sum of $31,600,000 in cash should be approved by the Court as fair, reasonable, and adequate; (2) whether, thereafter, this Litigation should be dismissed with prejudice against the Defendants as set forth in the Stipulation of Settlement dated as of November 8, 2013; (3) whether the Plan of Allocation of settlement proceeds is fair, reasonable, and adequate and therefore should be approved; and (4) the reasonableness of the application of Lead Counsel for the payment of attorneys’ fees and expenses incurred in connection with this Litigation, together with interest thereon.

If you purchased Diebold common stock, and/or put and call options, between June 30, 2005 and January 14, 2008, inclusive, your rights may be affected by this Litigation and the settlement thereof. If you have not received a detailed Notice of Proposed Settlement of Class Action and a copy of the Proof of Claim and Release form, you may obtain copies by writing to Diebold Securities Litigation, Claims Administrator, c/o Gilardi & Co. LLC, P.O. Box 5100, Larkspur, CA 94977-5100, or by downloading this information at www.gilardi.com/dieboldinc. If you are a Class Member, in order to share in the distribution of the Net Settlement Fund, you must submit a Proof of Claim and Release form postmarked no later than April 21, 2014, establishing that you are entitled to a recovery. You will be bound by any judgment rendered in the Litigation unless you request to be excluded, in writing, to the Claims Administrator at the above address, postmarked by March 5, 2014.

Any objection to any aspect of the settlement must be filed with the Clerk of the Court no later than March 5, 2014, and received by the following no later than March 5, 2014:

ROBBINS GELLER RUDMAN & DOWD LLP
DEBRA J. WYMAN
JEFFREY D. LIGHT
655 West Broadway, Suite 1900
San Diego, CA 92101

Lead Counsel for Class Representatives

BAKER & HOSTETLER LLP
JOHN J. CARNEY
FRANCESCA M. HARKER
45 Rockefeller Plaza
New York, NY 10111

Attorneys for Defendant Kevin J. Krakora

JONES DAY
JOHN M. NEWMAN, JR.
GEOFFREY J. RITTS
ADRIENNE FERRARO MUELLER
KRISTIN S.M. MORRISON
North Point
901 Lakeside Avenue
Cleveland, OH 44114

Attorneys for Defendant Diebold, Inc.

MCDERMOTT WILL & EMERY LLP
STEVEN S. SCHOLES
WILLIAM P. SCHUMAN
JEFFREY A. ROSSMAN
JEFFREY BALTRUZAK
227 W. Monroe Street
Chicago, IL 60606-5096

Attorneys for Defendant Gregory T. Geswein

VORYS, SATER, SEYMOUR AND PEASE LLP
DAVID J. TOCCO
RAJEEV K. ADLAKHA
2100 One Cleveland Center
1375 East Ninth Street
Cleveland, OH 44114-1742

Attorneys for KPMG LLP

PLEASE DO NOT CONTACT THE COURT OR THE CLERK’S OFFICE REGARDING THIS NOTICE.

DATED: November 20, 2013          

BY ORDER OF THE COURT UNITED
STATES DISTRICT COURT
NORTHERN DISTRICT OF OHIO
EASTERN DIVISION

 

 

SOURCE: ROBBINS GELLER RUDMAN & DOWD LLP

Contacts

ROBBINS GELLER RUDMAN & DOWD LLP
DEBRA J. WYMAN, 619-231-1058

Release Summary

Robbins Geller Rudman & Dowd LLP Announces Diebold Securities Litigation

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Contacts

ROBBINS GELLER RUDMAN & DOWD LLP
DEBRA J. WYMAN, 619-231-1058