Life Partners Holdings Inc. can continue to list its stock on the Nasdaq Global Select market.
Nasdaq, New York, had notified Life Partners, Waco, Texas (Nasdaq:LPHI), that it might lose its Nasdaq listing because it had not yet met some listing requirements. Nasdaq now has accepted Life Partners’ plan for regaining compliance, Life Partners Holdings says.
Life Partners Holdings is the parent of Life Partners Inc., a company that creates a secondary life insurance market for policy sellers and life settlement investors.
Life Partners Holdings has not filed its 2010 Form 10-K annual report or the Form 10-Q quarterly report for the fiscal quarter that ended May 31.
The Nasdaq compliance plan requires Life Partners Holdings to meet the filing requirements and other Nasdaq listing requirements by Nov. 28, the company says.