Diebold Inc. said an Ohio court has granted the company's motion to dismiss a consolidated lawsuit related to alleged violations of the federal securities laws.
The North Canton, Ohio, automated teller machine company said in a filing Tuesday with the Securities and Exchange Commission that the court also entered a judgment in its favor, dismissing the complaint with prejudice.
Five shareholder lawsuits were filed against Diebold and certain current and former officers and directors in 2005 and 2006, alleging violations of the federal securities laws.
The complaints sought unspecified damages, attorney fees, and injunctive relief. The cases were later consolidated into a single proceeding.
Diebold said a separate class action against it remains outstanding. It was filed by participants in its 401(k) plan and alleges breaches of duties under the Employee Retirement Income Security Act of 1974.
