Salt Lake City-based Overstock.com has been warned by the NASDAQ over violation of listing rules, the firm said Friday, after it filed its quarterly 10-Q without review of an auditor. According to Overstock, it was notified that the company violated NASDAQ Listing Rules after submitting a 10-Q without review, and without certifications required by the Sarbanes-Oxley Act. Overstock submitted the quarterly report after a disagreement, and firing, of its auditor, Grant Thornton, last week. The firm said it now has 60 calendar days--until January 18th--to regain compliance. Overstock.com said it is expecting that its plan submitted to the NASDAQ to be accepted, and that it will regain compliance before the deadline.
Top NewsMonday, November 23, 2009
Overstock Gets NASDAQ Notification