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Case Status:    DISMISSED    
On or around 04/28/2021 (Date of order of final judgment)

Filing Date: July 02, 2019

According to the Complaint, Diebold Nixdorf, Incorporated provides connected commerce services, software and technology to enable millions of transactions each day.

The Complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations and compliance policies. Specifically, the Complaint alleges Defendants made false and/or misleading statements and/or failed to disclose that: (i) the Company was experiencing delays in systems rollouts as well as a longer customer decision-making process and order-to-revenue conversion cycle; (ii) the foregoing issues were negatively impacting the Company’s services business and operations; and (iii) as a result, the Company’s public statements were materially false and misleading at all relevant times.

On October 30, 2019, the Court issued an Order consolidating cases and appointing Lead Plaintiff and Counsel. Lead Plaintiff filed a consolidated Complaint on January 10, 2020. Defendants filed a Motion to Dismiss the consolidated Complaint on March 10. On March 30, 2021, the Court issued an Order granting Defendants' Motion to Dismiss. Plaintiff was given leave to amend the Complaint. Lead Plaintiff did not amend the Complaint, and on April 28, the Court dismissed the case with prejudice. On May 27, Lead Plaintiff filed a notice appealing the Court's Dismissal Order. Lead Plaintiff voluntarily dismissed the appeal on June 28.

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