Stull, Stull & Brody Announces Class Action against Dana Corporation
11 October 2005 - 7:50AM
Business Wire
Notice is hereby given that a class action lawsuit has been
commenced in the United States District Court for the Northern
District of Ohio on behalf of all persons who purchased the
publicly traded securities of Dana Corporation. ("Dana " or the
"Company") (NYSE:DCN) between March 23, 2005 and September 14, 2005
(the "Class Period"). Stull, Stull & Brody has substantial
experience representing employees who suffered losses from
purchases of their employer's stock in their 401(k) plans. If you
bought Dana's stock through your Dana retirement account and have
information or would like to learn more about these claims, please
contact us. The complaint alleges that Dana violated federal
securities laws by making false or misleading public statements. On
September 15, 2005, Dana announced that it would restate its second
quarter 2005 financial results and lowered its 2005 earnings
guidance from $1.30 - $1.45 per share, to $0.60 - $0.70 per share.
On this news, Dana stock fell from a close of $12.78 per share on
September 14, 2005 to close at $9.86 per share on September 15,
2005. If you are a member of the class, you may, no later than
December 5, 2005, request that the Court appoint you as lead
plaintiff by December 5, 2005. A lead plaintiff is a representative
party that acts on behalf of other class members in directing the
litigation. In order to be appointed lead plaintiff, the Court must
determine that the class member's claim is typical of the claims of
other class members, and that the class member will adequately
represent the class. Under certain circumstances, one or more class
members may together serve as "lead plaintiff." Your ability to
share in any recovery is not, however, affected by the decision
whether or not to serve as a lead plaintiff. You may retain Stull,
Stull & Brody, or other counsel of your choice, to serve as
your counsel in this action. Stull, Stull & Brody has litigated
many class actions for violations of securities laws in federal
courts over the past 30 years and has obtained court approval of
substantial settlements on numerous occasions. Stull, Stull &
Brody maintains offices in both New York and Los Angeles. If you
wish to discuss this action or have any questions concerning this
notice or your rights or interests with respect to these matters,
please contact Tzivia Brody, Esq. at Stull, Stull & Brody by
e-mail at SSBNY@aol.com, by calling toll-free 1-800-337-4983, or by
fax at 212/490-2022, or by writing to Stull, Stull & Brody, 6
East 45th Street, New York, NY 10017. You can also visit our
website at www.ssbny.com.
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