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Dana Corporation

Class Period: Feb 23, 2005 to Oct 7, 2005

Lead Plaintiff Deadline: Mar 3, 2010 + Deadline passed

Summary of Case:

A securities class action has been filed against Dana Corporation (DCNAQ) ("Dana" or the "Company") on behalf of all securities purchasers from February 23, 2005 through October 7, 2005, inclusive ("Class Period"), in the United States District Court for the Northern District of Ohio.

The complaint alleges that before at least February 23, 2005 and continuing through the end of the Class Period on October 7, 2005, defendants fraudulently manipulated the reported earnings and financial performance of the Heavy Vehicle Group and its CVS division, which conduct was designed to and did cause Dana to issue false releases and file false reports with the Securities and Exchange Commission

The complaint further alleges that Defendants caused Dana to falsify its financial results during the Class Period by, among other things, utilizing sham transactions, creating and disseminating false invoices, failing to record steel surcharges and improperly recognizing revenue on price increases not agreed to by Dana's customers. Defendants' actions caused Dana to materially overstate the Company's reported earnings by as much as 38% during the Class Period.

If you purchased this company's shares during the Class Period and suffered a loss or for further information about the case, please review the links below.