Item 2.01 Completion of Acquisition or Disposition of Assets

On December 4, 2012, Daily Journal Corporation (the "Company") acquired all of the outstanding stock of New Dawn Technologies, Inc. ("New Dawn") for $14 million in cash. New Dawn provides case management software systems and related services similar to those provided by the Company's Sustain Technologies, Inc. subsidiary.

The New Dawn stock was purchased from Thomas P. Higgins, who owned two-thirds of the stock, and Frank A. Felice, who owned one-third. The purchase price was paid to them pro rata based on their respective ownership of the stock. Mr. Felice will continue to be employed by New Dawn, and he will have the title of President.

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