A settlement was reached with the defendants in the lawsuit filed on behalf of certain investors of Dolan Company (The) (NYSE:DM) over alleged securities laws violations and a deadline to submit the settlement claim is upcoming on September 27, 2017 and NYSE:DM investors should contact the Shareholders Foundation.
San Diego, CA -- (SBWIRE) -- 09/18/2017 -- A deadline is coming up on September 27, 2017 in the settlement reached in the securities class action lawsuit filed on behalf of investors who purchased shares of Dolan Company (The) (NYSE:DM) between August 1, 2013 and November 12, 2013.
Investors who purchased a significant amount of shares of Dolan Company (The) (NYSE:DM) between August 1, 2013 and November 12, 2013, have certain options and should contact the Shareholders Foundation by email at mail@shareholdersfoundation.com or call 858-779-1554.
The settlement proof of claim form or detailed settlement notice for the settlement in the Dolan Company (The) (NYSE:DM) Investor Securities Class Action Lawsuit can be downloaded at: http://shareholdersfoundation.com/case/dolan-company-nyse-dm-investor-securities-class-action-lawsuit-07252014
In order to submit a claim an investor has to submit the claim proof to the class action claim administrator in a timely manner. The deadline to submit the proof with the class administrator is September 27, 2017. The class action administrator for this case is Strategic Claims Services.
The lawsuit was originally filed 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.
The Dolan Company provides professional services and business information to legal, financial, and real estate sectors in the United States.
Those who purchased shares of Dolan Company (The) (NYSE:DM) have certain options and should contact the Shareholders Foundation.
Contact:
Shareholders Foundation, Inc.
Michael Daniels
3111 Camino Del Rio North - Suite 423
92108 San Diego
Phone: +1-(858)-779-1554
Fax: +1-(858)-605-5739
mail@shareholdersfoundation.com