Maybe YOU Can Sue Diebold
Diebold is the manufacturer of the voting machines being installed in most Iowa counties. But their performance record is so bad that last month they were served with a class action lawsuit. So if you own Diebold stock, perhaps you can join the lawsuit. Tomorrow the plaintiff will file a new motion, and that event has prompted this story based on a press release from the plaintiff’s lawyer:
“The complaint alleges that defendants violated provisions of the United States securities laws, causing artificial inflation of the Company’s stock price. According to the complaint, during the Class Period, the Company lacked a credible state of internal controls and corporate compliance and remained unable to assure the quality and working order of its voting machine products.”
Ooops. That bold face type is my fault. Must have pushed the wrong key or something. Since this lawsuit was filed, Diebold has said it is reconsidering its role in the voting machine business.
So the lawsuit stems from voting machines that are said to be of dubious quality. Those machines have been decertified in California and hacked in Florida. They were blamed in Ohio for the need to hold a new election last week when the votes didn’t add up correctly.
Why are investors suing over bad voting machines but counties are not suing? I suppose it is easier to show lost money in the stock market than to show lost confidence in elections. But the loss of confidence is the greater problem.
And why are counties still willing to use the Diebold machines that provide no paper record of the vote for the voter to verify? Ask your auditor.