Finlay Enterprises, Inc. said Thursday it has received notice from the Nasdaq Stock Market, Inc. that its common stock will be removed from the exchange at the opening of the April 6 trading session.
The Nasdaq Staff determined that the company no longer qualified for listing on the exchange pursuant to Marketplace Rule 4450(e)(1). The company was first notified of possible removal on July 2, 2008. Finlay did not appeal the decision to the Nasdaq Hearings Panel, and the Nasdaq delisting of the company became final on July 11, 2008.
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