Dolan Company Adopts Rights Agreement to Protect Net Operating Losses
The Dolan Company (NYSE: DM), a leading provider of professional services
and business information to the legal, financial and real estate sectors
in the United States, today announced that it has adopted a shareholder
rights plan (the “Rights Agreement”) for the preservation of the
company's net operating losses (“NOLs”) in relation to the potential
limitations under Section 382 of the Internal Revenue Code.
By adopting the Rights Agreement, the company said it is helping to
preserve the value of certain deferred tax benefits, including those
generated by NOLs. The company currently estimates its NOLs to be at
least $120 million, due primarily to the NDeX divestiture transactions
it has completed this year.