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Lawsuit filed for Investors in shares of Diebold Nixdorf, Incorporated (NYSE: DBD)

07-25-2019 10:55 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Shareholders Foundation

A lawsuit was filed on behalf of investors in Diebold Nixdorf, Incorporated (NYSE: DBD) shares over alleged securities laws violat

A lawsuit was filed on behalf of investors in Diebold Nixdorf, Incorporated (NYSE: DBD) shares over alleged securities laws violat

An investor, who purchased shares of Diebold Nixdorf, Incorporated (NYSE: DBD), filed a lawsuit in the U.S. over alleged violations of Federal Securities Laws by Diebold Nixdorf.

Investors who purchased shares of Diebold Nixdorf, Incorporated (NYSE: DBD) should contact the Shareholders Foundation at mail@shareholdersfoundation.com or call +1(858) 779 - 1554.

On July 5, 2017, Diebold Nixdorf, Incorporated issued a announcement titled “Diebold Nixdorf Adjusts 2017 Financial Outlook” (the “July 2017 Press Release”). The announcement disclosed that Diebold Nixdorf, Incorporated expected a wider net loss than indicated in its prior guidance for fiscal 2017, from a range of $50 to $75 million to a range of $110 to $125 million net loss.
Diebold Nixdorf, Incorporated attributed the lowered expectations to a delay in systems rollouts as well as a longer customer decision-making process and order-to-revenue conversion cycle.

The plaintiff claims that between May 4, 2017 and July 4, 2017, the Defendants made false and/or misleading statements and/or failed to disclose that the Company was experiencing delays in systems rollouts as well as a longer customer decision-making process and order-to-revenue conversion cycle, that the foregoing issues were negatively impacting the Company’s services business and operations, and that as a result, the Company’s public statements were materially false and misleading at all relevant times.

Those who purchased shares of Diebold Nixdorf, Incorporated (NYSE: DBD) have certain options and should contact the Shareholders Foundation.

Media Contact:
Michael Daniels
Shareholders Foundation, Inc.
3111 Camino Del Rio North
Suite 423
San Diego, CA 92108
Tel: +1-(858)-779-1554
E-Mail: mail@shareholdersfoundation.com

About Shareholders Foundation, Inc.
The Shareholders Foundation, Inc. is a professional portfolio monitoring and settlement claim filing service, and an investor advocacy group, which does research related to shareholder issues and informs investors of securities class actions, settlements, judgments, and other legal related news to the stock/financial market. Shareholders Foundation, Inc. is in contact with a large number of shareholders and offers help, support, and assistance for every shareholder. The Shareholders Foundation, Inc. is not a law firm. Referenced cases, investigations, and/or settlements are not filed/initiated/reached and/or are not related to Shareholders Foundation. The information is provided as a public service. It is not intended as legal advice and should not be relied upon.

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