LOS ANGELES--(BUSINESS WIRE)--The Wagner Firm announces that it has filed a lawsuit in the United States District Court for the District of Minnesota on behalf of former investors of The Dolan Company (“Dolan” or the “Company”) (OTC:DOLN)(OTC:DOLNQ). The lawsuit seeks recovery of investment losses from certain former officers of the Company on behalf of a purported plaintiff class of purchasers of Dolan’s securities between the period August 1, 2013 and January 2, 2014, inclusive.
Former Dolan investors are encouraged to contact Avi Wagner at 310-491-7949 or by e-mail at firstname.lastname@example.org to discuss this matter.
Dolan provided professional services and business information to legal, financial, and real estate sectors in the United States. The lawsuit alleges that certain former officers of the Company violated federal laws by, among other things, failing to disclose that Dolan’s operating results and financial condition were deteriorating, which resulted in the Company no longer being a going concern.
On January 2, 2014, the Company 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 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’s subsequent bankruptcy, the Company’s common stock has been cancelled.
If you purchased Dolan securities between August 1, 2013 and January 2, 2014, you have 60 days from the date of this Notice, to move the Court to serve as lead plaintiff, if you meet certain legal requirements. To be a member of the plaintiff class you need not take any action at this time; you may retain counsel of your choice or take no action and remain an absent member of the plaintiff class. If you wish to learn more about this action or receive a copy of the complaint, please contact Avi Wagner, Esquire, of The Wagner Firm, 1925 Century Park East, Suite 2100, Los Angeles, California 90067, at 310-491-7949, by e-mail at email@example.com, or visit our website at http://thewagnerfirm.com.
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