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Article: CALC Receives Staff Determination Regarding Nasdaq Delisting.
- Article from:
- PR Newswire
- Article date:
- November 3, 2009
CopyrightCOPYRIGHT 2009 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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- Company evaluating whether or not to appeal delisting
IRVINE, Calif., Nov. 3 /PRNewswire-FirstCall/ -- California Coastal Communities, Inc. announced today that on October 28, 2009, it received a delisting determination letter from the Nasdaq Stock Market Listing Qualifications Staff indicating the Staff's decision to delist the Company's common stock from the Nasdaq Stock Market pursuant to Nasdaq Marketplace Rules 5100, 5110(b) and IM-5101-1. The determination was made following the Company's recent filing of a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code pursuant to which the Company is seeking to extend the maturity ...