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Investigations  /  07.03.2019

Shareholder Investigation of Diebold Nixdorf

Diebold Nixdorf, Incorporated (DBD) Accused of Misleading Shareholders

According to the complaint for alleged violations of the Securities Exchange Act of 1934 between May 4, 2017 and July 4, 2017, Diebold Nixdorf, Incorporated (DBD) touted the automation, optimization, and efficiency of its systems line of business (“LOB”) in its 1Q 2017 10-Q and claimed that its “DN2020” program would, “deliver greater innovation for customers, career enrichment opportunities for employees, and enhanced value for shareholders.” However, these statements were materially false and misleading as they failed to mention that Diebold Nixdorf was experiencing delays in systems rollouts as well as a longer customer decision-making process and order-to-revenue conversion cycle, which were negatively impacting its service business and operations. The reality of Diebold Nixdorf’s situation was finally disclosed in July 2017 when Diebold Nixdorf revealed a wider fiscal 2017 net loss guidance of $110 million to $125 million from its initial range of $50 to $75 million due to the previously stated issues. On this news, Diebold Nixdorf’s stock price fell $6.40, or nearly 23%, to close at $21.60 per share.

Diebold Nixdorf, Incorporated (DBD) Shareholders Have Legal Options

Concerned shareholders who would like more information about their rights and potential remedies can please send us a message via the Shareholder Information form below.

Shareholder Information

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Please Note: Neither the submission to nor the receipt of information by Robbins Arroyo LLP or one of its attorneys through this website constitutes an agreement by our firm to represent the individual and does not create an attorney-client relationship. Please do not send confidential or sensitive information through this website. This information should be communicated through a direct contact with an individual at the firm.

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