Delta Financial Corporation Receives Nasdaq Notice Letter
December 20 2007 - 6:02PM
Business Wire
Delta Financial Corporation (NASDAQ: DFC) today announced it
received a notice from The Nasdaq Stock Market indicating that the
Company�s common stock will be delisted from Nasdaq at the opening
of business on December 28, 2007. The Company does not intend to
appeal the determination. The Nasdaq Staff Determination Letter
received on December 18, 2007 indicated that as a result of the
Company�s having filed for protection under Chapter�11 of the U.S.
Bankruptcy Code, the Nasdaq Staff has determined, using its
discretionary authority under Nasdaq Marketplace Rules�4300 and
IM-4300, that the Company�s securities will be delisted from the
Nasdaq Global Market. As required by Nasdaq Marketplace
Rule�4804(b), the Company is making a public announcement
disclosing receipt of the letter.
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