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Dolan Co. (The)
Ticker Symbol: DOLNQ* CUSIP: 25659P402 Exchange: OTOTC
* NOTE: This security is no longer trading as of 10/20/2015
Company's Online Profile
BUSINESS: The Dolan Co., formernly Dolan Media, is a leading provider of professional services and business information to legal, financial and real estate sectors in the United States. Its Professional Services Division provides specialized services to the legal profession through its subsidiaries, NDeX and Counsel Press. NDeX is a leading provider of mortgage default processing services in the United States. Counsel Press is the nation's largest provider of appellate services to the legal community. Its Business Information Division publishes business journals, court and commercial media and other highly focused information products and services, operates web sites and produces events for targeted professional audiences in 21 geographic markets across the United States.
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Find All Related Securities for DOLNQ
Notes: 5/10/2014 -- The Dolan Company has been given the green light to proceed with its planned bankruptcy reorganization plan—and the Minneapolis-based firm, formerly one of Minnesota’s 50 largest public companies, will become privately owned and its stock will be cancelled. Dolan provides an array of business information and professional services to the legal, financial, and real estate industries, and it owns the Finance & Commerce newspaper, among other publications. The company filed for Chapter 11 bankruptcy protection in March, at which time its founder, James Dolan, stepped down from his role as CEO. The company announced this week that the United States Bankruptcy Court for the District of Delaware has approved its “prepackaged” reorganization plan, describing the approval as “a critical step toward the company’s emergence from bankruptcy, which the company anticipates will occur later this week. Under the terms of the reorganization plan, Dolan’s secured lenders will assume ownership of Dolan Company and its “e-discovery” business, DiscoverReady LLC, each of which will be operate as distinct entities. Bayside Capital, Inc., an affiliate of private investment firm H.I.G. Capital, will be the majority owner. Dolan’s stock, which was previously delisted by the New York Stock Exchange and moved to the “over-the-counter” marketplace, will be cancelled. (Read more about the events that led to Dolan’s bankruptcy here and about James Dolan's severance package here.) Dolan said its bankruptcy plan will allow it and its subsidiaries to cut their debt by more than $100 million to roughly $50 million. Dolan's initial bankruptcy plans did not call for shareholder compensation, but as it sought approval for its reorganization plan, Dolan reached a settlement with its “Official Committee of Equity Security Holders,” a deal that requires Dolan to pay about $3.2 million to a trust designed to benefit stockholders. Approximately 20 percent of the proceeds of the trust will subsequently be distributed pro rata to holders of the company’s preferred stock; the balance will be distributed pro rata to holders of the company’s common stock, Dolan said. ____________ March 20, 2014 -- The Dolan Company (OTC:DOLN) and its subsidiaries announced that it, along with certain of its subsidiaries, has agreed to a comprehensive balance-sheet restructuring with its secured lenders that, among other things, will allow the Company to continue honoring obligations of its employees, customers, and vendors in the ordinary course of business. The proposed restructuring will allow the Company to achieve a capital structure that will allow the Company to grow its business into the future. To implement the restructuring, the Company and certain of its subsidiaries intend to file voluntary petitions for a prepackaged chapter 11 bankruptcy in the U.S. Bankruptcy Court for the District of Delaware. The Dolan Company’s e-discovery business, DiscoverReady LLC, will not file a chapter 11 petition and its operations will not be affected by the proposed chapter 11 process. The filing subsidiaries and DiscoverReady will continue to operate their businesses as usual in all respects and the restructuring is not expected to have a negative effect on the Company’s operations. ____________ Jan. 28, 2014-- The Dolan Company (NYSE:DM) announced today that it has received written notice from NYSE Regulation, Inc. that trading of The Dolan Company’s common stock and preferred stock on the New York Stock Exchange will be suspended before the NYSE opens on January 29, 2014. The Company expects to commence trading on the over-the-counter (OTC) market that same day under the symbol DOLN for its common stock and DOLNP for its preferred stock.
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Previous Ticker Symbol: DOLN Changed: 3/25/2014
Previous Name: Dolan Media Co. Changed: 5/27/2010
Small Cap Stock -
Market Value $109.0 Million
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Company's Online Information Links
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| Company's Online SEC EDGAR Filings |
| Company's Email Address Links |
| Address and Phone Numbers |
| Address: 222 South Ninth Street, Suite 2300, Minneapolis, MN 55402 |
| Main Phone Number |
612-317-9420 |
| Fax Number |
612-321-0563 |
| Investor Relations
Bob Evans
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612-317-9430
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Toll Free Phone Number |
Unknown |
| CEO - James P. Dolan |
CFO - Vicki J. Duncomb |
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