trending Market Intelligence /marketintelligence/en/news-insights/trending/7ip77a3hcnd29poRlXviAw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

J.G. Wentworth expects noncompliance notice from NYSE

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

J.G. Wentworth expects noncompliance notice from NYSE

J.G. WentworthCo. said it expects to receive notice from the NYSE of being belowthe exchange's continued listing standards.

The company's average market capitalization was less than $50million over a consecutive 30-trading-day period and its stockholders' equityas of March 31 was less than $50 million.

J.G. Wentworth intends to submit a plan to the stockexchange to show how it expects to regain compliance with the NYSE continued listingstandards. The company may also consider transferring its stock listing to theNYSE-MKT platform if it turns out to be a better long-term option.

The company also said that the NYSE notification will notimpact its business or its SEC reporting requirements and will not cause anevent of default under any of the company's material debt or other agreements.