SEATTLE, March 6, 2006 (PRIMEZONE) -- Keller Rohrback L.L.P. (www.erisafraud.com) today announced that it has commenced an investigation against Dana Corp. (the "Company") (NYSE:DCN) for potential violations of the Employee Retirement Income Security Act of 1974 ("ERISA"). The investigation focuses on investments held in DCN stock by the Dana Corp. retirement plans.
Keller Rohrback's investigation focuses on concerns that Dana Corp. and the plan administrators may have breached their fiduciary duties of loyalty and prudence to the Plan's participants. A breach may have occurred if the fiduciaries failed to prudently manage the Plan's assets by, among other things, holding Company stock in the Plan at a time when the stock was not a suitable and appropriate investment. A breach also may have occurred if the fiduciaries withheld or concealed material information from the Plan's participants with respect to the Company's business, financial results and operations, thereby encouraging participants and beneficiaries to continue to maintain investments of company stock in the Plan.
If you are a member of a Dana Corp. retirement plan and held Dana Corp. stock through one of those Plans, you may contact any member of our team (paralegal Jennifer Tuato'o or attorneys Erin Riley, Derek Loeser or Lynn Sarko) toll free at 800/776-6044, or via e-mail at investor@kellerrohrback.com.
Keller Rohrback is one of America's leading law firms handling ERISA retirement plan litigation. Our attorneys helped pioneer this field in the Lucent and IKON ERISA breach of fiduciary duty cases--the first large-scale ERISA 401(k) cases filed. Keller Rohrback serves as lead and co-lead counsel in numerous ERISA breach of fiduciary duty cases, including the Enron, WorldCom, Inc. and Marsh & McLennan Companies ERISA cases. Recently, Keller Rohrback was appointed lead counsel in the Delphi ERISA case. Keller Rohrback has successfully provided class action representation for over a decade. Its trial lawyers have obtained judgments and settlements on behalf of clients in excess of seven billion dollars.