Technology Industry
Industry: Email Alert RSS FeedNasdaq halts trading of U.S. Wireless pending SEC filings.
RCR Wireless News, June, 2001 by SMITH, HILARY
Mobile location services provider U.S. Wireless Corp. is under threat of being delisted from the Nasdaq National Market following a series of findings that call into question the integrity of its founder and now former chief executive officer, Dr. Oliver Hilsenrath.
Nasdaq issued U.S. Wireless a Notice of Staff Determination that the company is not in compliance with listing requirements, saying the company's investigation into certain activities of Hilsenrath and another former executive, and the resulting amendments that need to be made to Securities and Exchange Commission filings, make U.S. Wireless non-compliant with listing rules.
Nasdaq halted trading of U.S. Wireless stock on May 29, where it last traded at $2.91 per share. U.S. Wireless...
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