Estimated reading time: 0 minutes, 48 seconds

Liberty taxLiberty Tax has been granted an extended stay from a possible Nasdaq trading suspension. The company announced this week its stock will continue to trade on the exchange until a final determination is made by the Nasdaq Hearings Panel.

Liberty presented a plan to come back into compliance with Nasdaq listings.

The tax preparation company was threatened with possible delisting because it has not yet reported results for the quarters ended October 31 and January 31. It recently hired accounting firm Cherry Bekaert, to audit the financial statement for the year ended April 30 and to review the two quarterly reports.

Cherry Bekaert replaced by Carr, Riggs & Ingram, which resigned the position on June 5 without completing work on financial statements, after serving as outside auditor from April 18. That firm replaced KPMG which resigned in December after reports that former CEO John Hewitt, fired in early September, had been the subjects of complaints by employees that he had been heard having sex in his office and 

Last modified on Friday, 06 July 2018
Read 2060 times
Rate this item
(0 votes)

Visit other PMG Sites:

PMG360 is committed to protecting the privacy of the personal data we collect from our subscribers/agents/customers/exhibitors and sponsors. On May 25th, the European's GDPR policy will be enforced. Nothing is changing about your current settings or how your information is processed, however, we have made a few changes. We have updated our Privacy Policy and Cookie Policy to make it easier for you to understand what information we collect, how and why we collect it.
Ok Decline