Case: Diebold Nixdorf, Incorporated
Venue: Southern District of New York
Class Period: 5/4/2017 - 7/4/2017
Lead Plaintiff Deadline: 9/3/2019
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NEW YORK, NY – July 10, 2019 – Kaplan Fox & Kilsheimer LLP (www.kaplanfox.com) is investigating claims on behalf of investors of Diebold Nixdorf, Incorporated (“Diebold” or the “Company”) (NYSE: DBD).  A complaint has been filed against the Company and certain executives.  Investors that purchased Diebold securities between May 4, 2017 and July 4, 2017, inclusive (the “Class Period”), may be affected.

According to the complaint, Diebold provides connected commerce services, software and technology to enable millions of transactions each day and its customers include nearly all of the world’s top 100 financial institutions and a majority of the top twenty-five global retailers.

The Class Period begins on May 4, 2017, when Diebold filed its quarterly report on Form 10-Q for the first quarter ended March 31, 2017.  On the same day, Diebold issued a press release announcing the Company’s first quarter 2017 results and full year 2017 guidance, including a projected net loss of $50 million to $75 million.

On July 5, 2017, the Company disclosed that it expected a wider net loss of $110 to $125 million for fiscal 2017. The Company 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.”

Following this news, shares of Diebold fell $6.40, or nearly 23%, to close at $21.60 per share on July 5, 2017. 

The complaint alleges that throughout the Class Period, Defendants made materially false and/or misleading statements, as well as failed to disclose material adverse facts about the Company’s business, operations, and prospects. Specifically, among other things, Defendants failed to disclose to investors 1) that the Company was experiencing delays in systems rollouts as well as a longer customer decision-making process and order-to-revenue conversion cycle, and (2) that the foregoing issues were negatively impacting the Company’s services business and operations.

If you are a member of the proposed Class, you may move the court no later than September 3, 2019 to serve as a lead plaintiff for the purported class.  You need not seek to become a lead plaintiff in order to share in any possible recovery.  If you would like to discuss the complaint or our investigation, please contact us by emailing This e-mail address is being protected from spambots. You need JavaScript enabled to view it or by calling 800-290-1952.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Kaplan Fox & Kilsheimer LLP, with offices in New York, San Francisco, Los Angeles, Chicago and New Jersey, has many years of experience in prosecuting investor class actions. For more information about Kaplan Fox & Kilsheimer LLP, you may visit our website at www.kaplanfox.com.  If you have any questions about this Notice, your rights, or your interests, please contact: 

Jeffrey P. Campisi
KAPLAN FOX & KILSHEIMER LLP
850 Third Avenue, 14th Floor
New York, New York 10022
(800) 290-1952
(212) 687-1980
Fax: (212) 687-7714
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Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
350 Sansome Street, Suite 400 
San Francisco, California  94104
(415) 772-4700
Fax:  (415) 772-4707
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