NYSE Cites BearingPoint for Noncompliance

http://www.consultingmag.com/articles/791/1/NYSE-Cites-BearingPoint-for-Noncompliance-/NYSE-Cites-BearingPoint-for-Noncompliance.html

By Consulting magazine

Published on 07/22/2008

(July 22, 2008) - McLean, VA - According to RTT News, BearingPoint said July 18 that the firm received a letter from the New York Stock Exchange stating that it is not in compliance with its rule that a listing must maintain a minimum average closing price of $1 per share for 30 consecutive trading days. As such, the firm has six months to remedy the noncompliance issue before it faces possible suspension and delisting. BearingPoint told RTT that it plans to cure the deficiency.

NYSE Cites BearingPoint for Noncompliance

(July 22, 2008) - McLean, VA - According to RTT News, BearingPoint said July 18 that the firm received a letter from the New York Stock Exchange stating that it is not in compliance with its rule that a listing must maintain a minimum average closing price of $1 per share for 30 consecutive trading days. As such, the firm has six months to remedy the noncompliance issue before it faces possible suspension and delisting. BearingPoint told RTT that it plans to cure the deficiency.