A lawsuit was filed on behalf of investors in Diebold Nixdorf, Incorporated (NYSE: DBD) shares over alleged securities laws violations.
San Diego, CA -- (SBWIRE) -- 08/15/2019 -- 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, Incorporated.
Investors who purchased shares of Diebold Nixdorf, Incorporated (NYSE: DBD) have certain options and for certain investors are short and strict deadlines running. Deadline: September 3, 2019. NYSE: DBD investors should contact the Shareholders Foundation at email@example.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.
Shares of Diebold Nixdorf, Incorporated (NYSE: DBD) declined from $31.85 per share in February 2017 to as low as $16.25 per share in late 2017.
On July 2, 2019, Shares of Diebold Nixdorf, Incorporated (NYSE: DBD) closed at $9.31 per share.
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.
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