Brad Blog's Brad Friedman and his organization
Velvet Revolution are looking to bring class action securities litigation against Diebold, Inc.
The class for the suit will involve shareholders who purchased or owned stock in the Ohio-based company any time from October 22, 2003 though September 21, 2005.
The article suggests that Diebold could be the next Enron.
Though we are not at liberty at this time to discuss the specifics of the potential litigation and the causes of action in the complaint being compiled, The BRAD BLOG has learned that the class action lawsuit, currently being drawn up, will involve securities fraud violations and other troubling matters for the controversial company, its CEO as well as current and former members of its Board of Directors.
Diebold insider, 'Dieb-Throat,' says of the litigation:
"The denial of every documented problem with Diebold's voting system was bound to unravel sooner or later. I am not surprised that such a lawsuit has developed [as] the company consistently offered Wall Street deceptive information. Perhaps with the help of few patriotic plaintiffs our nation will be saved from Diebold's corporate takeover of our right to vote - and have that vote counted free from corporate and political influence."
The news comes just a week after a North Carolina election official, Keith Long, a former Diebold employee, certified Diebold despite no review of Diebold's software. Days before the ruling, a North Carolina judge ordered Diebold to put its code into escrow. Diebold had threatened to pull all of its machines from the state.
The NC law in question reads:
Prior to certifying a voting system, the State Board of Elections shall review, or designate an independent expert to review, all source code made available by the vendor pursuant to this section and certify only those voting systems compliant with State and federal law. At a minimum, the State Board's review shall include a review of security, application vulnerability, application code, wireless security, security policy and processes, security/privacy program management, technology infrastructure and security controls, security organization and governance, and operational effectiveness, as applicable to that voting system.
But Long okayed the machines, giving the company ample time to put their systems on display before the January 20th deadline for state contracts.