Dolan Company Adopts Rights Agreement to Protect Net Operating Losses

The Dolan Company

, 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.