Securities Law Alert: NASDAQ Extends Suspension of Continued Listing Rules


NASDAQ Stock Market LLC (“Nasdaq”) announced on March 23, 2009 that it will extend its temporary suspension of the continued listing rules that require a minimum closing bid and market value of publicly held shares.1 This extension is Nasdaq’s second extension since the downturn in the financial markets in October 2008. Under the new extension, the suspension of these rules is effective through July 19, 2009.2

Please see full alert for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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