Dolan Company (The) (NYSE: DM) Investor Securities Class Action Lawsuit 07/25/2014

You must submit the settlement "Proof" form attached below, in order to participate in this settlement. There is a strict deadline of September 27, 2017 by which all claims must be submitted. The instructions for submitting are included in the "Proof" and the "Notice" files attached below for your download. DO NOT SEND THE FORMS TO THE SHAREHOLDERS FOUNDATION, FOLLOW THE DIRECTIONS IN THE "PROOF".

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Company Name(s): 
Dolan Company
Case Name: 
Dolan Company Shareholder Class Action Lawsuit 07/25/2014
Case Status: 
Lawsuit Filed
Case Status: 
Settlement Proposed
Affected Securities
NYSE: DM
Lawsuit Overview
Type of Lawsuit: 
Shareholder Class Action
Date Filed: 
07/25/2014
Class Period Begin: 
08/01/2013
Class Period End: 
11/12/2013
Court of Filing: 
U.S. District Court for the District of Minnesota
Deadline To File for Lead: 
09/23/2014
Date Settled: 
05/05/2017
Settlement Amount: 
$2,100,000
Deadline to Participate in Settlement: 
09/27/2017
Summary: 

The settlement includes all persons who purchased the common stock or the Series B Preferred stock of Dolan Company (the) (NYSE: DM now trading on the OTC sheets as DOLN) between August 1, 2013 and November 12, 2013.

May 5, 2017 - The court preliminarily approved the settlement.

March 17, 2017 - Parties filed a stipulation of settlement.

February 10, 2016 - The U.S. Court of Appeals for the Eighth Circuit affirmed in part and reversed in part the decision of the district court.

March 26, 2015 - The court granted the defendants' motion to dismiss with prejudice.

January 16, 2015 - Defendants filed a motion to dismiss.

December 3, 2014 - The lead plaintiff filed an amended complaint.

October 15, 2014 - Lead plaintiff and lead counsel were appointed.

September 26, 2014 - Defendants filed a motion to dismiss.

September 23, 2014 - Lead plaintiff motions were filed.

July 25, 2014 - An investor in shares of Dolan Company (The) (NYSE: DM now trading on the OTC sheets as DOLN) filed a lawsuit in the U.S. Court for the District of Minnesota against Dolan Company (The) over alleged violations of Federal Securities Laws in connection with certain allegedly false and misleading statements made between August 1, 2013 and January 2, 2014.

The lawsuit alleges that certain former officers of Dolan Company (The) violated Federal Securities Laws by, among other things, failing to disclose that Dolan Company's (The) operating results and financial condition were deteriorating, which resulted in Dolan Company (The) no longer being a going concern.

On January 2, 2014, Dolan Company (The) announced that, among other things, it had received a continued listing standards notice from the New York Stock Exchange. On this news, shares of Dolan Company (The) stock (NYSE: DM) declined $0.14 per share, 20.29%, to close on January 3, 2014, at $0.55 per share, on unusually heavy volume. As a result of Dolan Company's (The) subsequent bankruptcy, Dolan Company's (The) common stock has been cancelled.