The law firm of Lockridge Grindal Nauen P.L.L.P. announces that a class action lawsuit has been commenced in the United States District Court for the Northern District of Ohio on behalf of purchasers of the securities of Dana Corporation ("Dana" or the "Company") (NYSE:DCN) between March 23, 2005 and September 14, 2005, inclusive (the "Class Period") seeking to pursue remedies under the Securities Exchange Act of 1934 (the "Exchange Act"). If you bought the securities of Dana between March 23, 2005 and September 14, 2005 and sustained damages, you may, no later than December 5, 2005, request that the Court appoint you as lead plaintiff. 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 serve together 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 Lockridge Grindal Nauen P.L.L.P., or other counsel of your choice, to serve as your counsel in this action. The Complaint alleges that Dana made false or misleading public statements regarding the Company's historical financial performance and conditions. On September 15, 2005, Dana issued a press release announcing that it would likely restate second quarter 2005 financial results and that it had lowered its 2005 earnings guidance, to $0.60 to $0.70 per share from $1.30 to $1.45. In reaction to this announcement, the price of Dana stock fell from $12.78 per share on September 14, 2005 to $9.86 per share on September 15, 2005, a one-day drop of 22.8% on heavy trading volume. Lockridge Grindal Nauen has considerable experience in prosecuting securities class actions, has extensive experience representing shareholders in class actions, and has successfully recovered millions of dollars for defrauded investors and shareholders. The reputation and expertise of the firm in shareholder and other class action litigation have been repeatedly recognized by courts, which have appointed the firm to major positions in complex multi-district and consolidated litigations. Visit our website at www.locklaw.com. Lockridge Grindal Nauen has offices in Minneapolis and Washington, D.C. If you have any questions about the lawsuit or how you may be able to participate in the lawsuit and recover your losses, please call or e-mail: -0- *T Gregg M. Fishbein, Esq. (gmfishbein@locklaw.com) Lockridge Grindal Nauen P.L.L.P. 100 Washington Avenue South, Suite 2200 Minneapolis, MN 55401 (612) 339-6900 *T
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