Home -> Law Blog Directory -> Corporate Governance Blogs -> The Race to the Bottom

OR PHONE (866) 635-1838 for Bankruptcy Help, (866) 635-6190 for Divorce,
(866) 635-2689 for Personal Injury or (866) 635-9402 for Criminal Defense

Find a Local Lawyer

Bankruptcy (866) 635-1838
Divorce (866) 635-6190
Personal Injury (866) 635-2689
Criminal Defense (866) 635-9402


Corporate Governance

: The Race to the Bottom

Nasdaq Listing Requirements Suspension Continued, Joined by NYSE

By Charlene Hunter


We wrote on Feb 4th that Nasdaq received an extension of its request to suspend the one dollar minimum listing standards until April 19th. That request has now been extended through July 19, 2009, and the NYSE filed a proposed rule to adopt a similar suspension until June 30.


The rule to be suspended requires that if a security fails to have a closing bid price of at least one dollar for 30 consecutive business days, it is considered deficient and given a 180-day period to regain compliance. Under the suspension, both the 30-day period and the 180-day period are held in abeyance until the suspension is ended.


In addition to suspending the dollar bid value requirement, the NYSE previously suspended its average global market capitalization listing requirement that companies not fall below $15 million for 30 consecutive days. This rule suspension was to have expired April 22, but is now proposed to be extended to June 30, corresponding to the dollar value suspension.


These requests for continued suspension of the listing standard are not surprising. The suspension is immediately effective and is certain to be approved as markets continue to be in 'unprecedented turmoil.'

Full post as published by The Race to the Bottom on May 11, 2009 (boomark / email).

Bloggers, promote your law blog by nominating your blog for inclusion in's Law Blog Directory and RSS Reader. Benefits described.
Related Law Blog Posts
Search Blog Directory:

Search Blog Directory:

Lawsuits and Settlements

Related Searches

US Law
#1 Online Legal Resource

Your Blog Subscriptions
Subscribe to blogs

10,000+ Law Job Listings
Lawyer . Police . Paralegal . Etc
Earn a law-related degree
Are you the author of this blog? Adding to your Blogroll increases relevance. You qualify to display a USLaw Network badge.
Suggest changes to this blog's description or nominate another for inclusion. Register for updates.

Practice Area
Zip Code:

Contact a Lawyer Now!

0.3401 secs (from cache 05/21/15 10:53:59)