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LPS Shares Hammered by Incorrect Dow Jones Report 

Apr 17, 2009By

A story appearing in Dow Jones Bankruptcy Review managed to hammer shares of industry tech provider Lender Processing Services, Inc. [stock LPS][/stock] on early Friday afternoon, suggesting the Jacksonville, Fla.-based firm was the subject of a formal investigation by the Department of Justice. Shares in the company tanked nearly 30% on the news, falling $9.61 to $23.57, before trading of the company’s stock was halted on the New York Stock Exchange. Shares resumed trading late Friday afternoon.