DCN Dana Cp

The law firm Cohen, Milstein, Hausfeld & Toll, P.L.L.C. has filed a lawsuit on behalf of its client and on behalf of other similarly situated purchasers of Dana Corporation ("Dana" or the "Company") (NYSE:DCN) common stock between February 11, 2004 through and including October 10, 2005 (the "Class Period"). The Complaint charges Dana and certain of its officers and directors with violations of Sections 10(b) and 20(a) of the Securities Exchange Act of 1934 (the "Exchange Act"). The Complaint alleges that defendants omitted or misrepresented material adverse facts about the Company's financial condition, business prospects, and revenue expectations during the Class Period. The Complaint alleges that defendants issued, or caused to be issued, false and misleading statements during the Class Period. Specifically, it is alleged, that the defendants' representations regarding Dana were materially false and misleading when made for the following reasons: (1) the Company had improperly recognized price increases in its commercial-vehicle business, which materially inflated its income figures; (2) Dana's financial statements were presented in violation of Generally Accepted Accounting Principles; and (3) the Company lacked the necessary personnel and controls to issue accurate financial reports and projections. The Complaint alleges that on September 15, 2005, Dana announced that it would restate its second quarter 2005 financial results and lowered its 2005 earnings guidance from $1.30-$1.45 per share, to $0.60-$0.70 per share. Following this news, Dana stock fell from a close of $12.78 per share on September 14, 2005, to close at $9.86 per share on September 15, 2005. It is also alleged that on October 10, 2005, prior to the opening of the market, Dana announced that it would restate its 2004, first-quarter 2005, and second-quarter 2005 financial statements and stated that the Company postponed its third-quarter 2005 earnings release and was withdrawing its earnings guidance for full-year 2005. Following this announcement, the price of Dana stock fell again from $9.19 per share on Friday, October 7, 2005 to $6.04 per share on Monday, October 10, 2005, a single-trading day drop of 34.28% on unusually heavy trading volume. If you are a member of the class, you may, no later than December 5, 2005, request that the Court appoint you as Lead Plaintiff of the class. Any member of the purported class may move the Court to serve as Lead Plaintiff through counsel of their choice or may choose to remain an absent class member. Cohen, Milstein, Hausfeld & Toll, P.L.L.C. has significant experience in prosecuting investor class actions and actions involving securities fraud. The firm has offices in Washington, D.C., New York, Philadelphia and Chicago, and is active in major litigation pending in federal and state courts throughout the nation. You may visit the firm's website at www.cmht.com. The firm's reputation for excellence has been recognized on repeated occasions by courts which have appointed the firm to lead positions in complex multi-district or consolidated litigation. Cohen, Milstein, Hausfeld & Toll, P.L.L.C. has taken a lead role in numerous important cases on behalf of defrauded investors, and has been responsible for a number of outstanding recoveries which, in the aggregate, total in the billions of dollars. If you have any questions about this notice or the action, or with regard to your rights, please contact either of the following: Steven J. Toll, Esq. or Robert C. Smits; Cohen, Milstein, Hausfeld & Toll, P.L.L.C., 1100 New York Avenue, N.W., West Tower, Suite 500, Washington, D.C. 20005; Telephone: 888-240-0775 or 202-408-4600; Email: stoll@cmht.com or rsmits@cmht.com