Saturday, May 26, 2018
One of America's Great Newspapers ~ Toledo, Ohio


Judge reinstates lawsuit against ex-Dana officials

A securities fraud lawsuit filed against two ex-officials of the former Dana Corp. was reinstated this week in U.S. District Court in Toledo.

The action came after the U.S. Court of Appeals in Cincinnati overturned a decision by federal Judge James Carr dismissing the lawsuit in August, 2007.

The suit claims that Michael Burns, former chief executive, and Robert Richter, ex-finance chief, misled investors about the financial health of the Toledo auto parts producer, now known as Dana Holding Corp.

The suit was filed on behalf of all investors who bought Dana stock between April 21, 2004, and Oct. 7, 2005.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…