Did you lose money in a recently delisted stock? If so, the securities attorneys of The White Law Group may be able to help.
When a company stock is delisted it is removed from the exchange on which it trades. Stocks are delisted when the fail to comply with the listing requirements. Often when a stock is delisted it has failed to meet the exchanges minimum price requirements.
The NYSE rules require a company’s stock to maintain an average closing price of $1.00 per share for a period of 30 consecutive trading days. It is not uncommon for a company to lose so much value that it no longer meets the exchanges minimum price requirements.
The following is a list of common stocks, provided by Yahoo Finance, delisted in 2014:
Crumbs (OTC: CRMB)
NewLead (OTC: NEWL)
L&L Energy (OTC: LLEN)
Lihua (OTC: LIWA)
Siemens’ (OTC: SIEGY)
Telik (OTC: TELK)
Tandy Brands (OTC: TBACQ) – bankrupt
Hauppauge Digital (OTC: HAUP)
Avid Technology (OTC: AVID)
ZCO Liquidating (OTC: OCZTQ) – bankrupt
Rainmaker Systems (OTC: RMKR)
Prospect Global Resources (OTC: PGRX)
James River Coal (OTC: JRCCQ) – bankrupt
Coldwater Creek (OTC: CWTRQ) – bankrupt
Tri-Tech Holdings (OTC: TRITF)
China Precision Steel (OTC: CPSL)
Mediabistro (OTC: MBIS)
Body Central (OTC: BODY)
Ambient Corporation (OTC: ABTG)
Cardium Therapeutics (OTC: CRXM)
Quaterra Resources (OTC: QTRRF)
Dolan (OTC: DOLNQ) – bankrupt
GSE Holdings (OTC: GSEHQ) – bankrupt
Chimera Energy (OTC: CHMR)
LDK Solar (OTC: LDKSY)
Loncor Resources (OTC: LONCF)
Genco Shipping (OTC: GNKOQ) – bankrupt
China Gengsheng (OTC: CHGS)
Ambow Education (OTC: AMBOY)
Brokerage have a fiduciary duty to perform adequate due diligence to determine if the investment has a reasonable likelihood of success and if it is suitable for their client.. Investment recommendations should be inline with a client’s age, investment experience, net worth, and investment objectives. When brokers make inappropriate investment recommendations, both the broker and the firm may be liable for investment losses.
If you suffered losses in a delisted stock and would like to speak to a securities attorney to discuss your litigation options, please call the securities attorneys of The White Law Group at (312)238.9650 for a free consultation.
The White Law Group, LLC is a national securities fraud, securities arbitration, investor protection, and securities regulation/compliance law firm with offices in Chicago, Illinois and Franklin, Tennessee.
For more information on the firm, visit www.WhiteSecuritiesLaw.com.