Frip, would you please cite the Nasdaq Initial Lis
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Posted On: 08/29/2020 3:20:58 AM
Frip, would you please cite the Nasdaq Initial Listing requirement that there be no open lawsuits against a company? I don't see it in Nasdaq's rules here:
https://listingcenter.nasdaq.com/assets/initialguide.pdf
It doesn't entirely make sense that an open lawsuit would block Nasdaq listing. If a person had a short position in a company, he could indefinitely block listing by filing lawsuits in different states.
I do see that the company must disclose any lawsuits against it to Nasdaq. That isn't the same.
I don't claim any particular knowledge in this field.
https://listingcenter.nasdaq.com/assets/initialguide.pdf
It doesn't entirely make sense that an open lawsuit would block Nasdaq listing. If a person had a short position in a company, he could indefinitely block listing by filing lawsuits in different states.
I do see that the company must disclose any lawsuits against it to Nasdaq. That isn't the same.
I don't claim any particular knowledge in this field.
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