On November 6, 2008, the SEC approved a Nasdaq proposal to modify the procedures for listed companies that are late in filing a required periodic report with the SEC.
Release No. 34-58911, Self-Regulatory Organizations; The NASDAQ Stock Market LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change to Modify the Procedures Applicable to Listed Companies that Are Late in Filing a Required Periodic Report with the Commission, is effective immediately under Section 19(b)(3)(A) of the Securities Exchange Act of 1934.
Comments on the proposal are due December 9.