SOURCE: Tarragon

August 17, 2007 11:12 ET

Tarragon Corporation Receives "Subject to Delisting" Notification From Nasdaq

Common Stock to Continue to Trade Pending Review of Nasdaq Determination

NEW YORK, NY--(Marketwire - August 17, 2007) - Tarragon Corporation (NASDAQ: TARR), a leading developer of multifamily housing for rent and for sale, today announced that it has received a Nasdaq Staff Determination notice stating that the Company is not in compliance with Nasdaq Marketplace Rule 4310(c)(14) because it has not timely filed its Quarterly Report on Form 10-Q for the period ended June 30, 2007, and that its common stock is therefore subject to delisting from The NASDAQ Global Select Market unless the Company requests a hearing before a Nasdaq Listing Qualifications Panel. Accordingly, the Company will request a hearing to review the Nasdaq Staff Determination.

Pending a decision by the Nasdaq Listing Qualifications Panel, the Company's common stock will remain listed on The NASDAQ Global Select Market. There can be no assurance that the Nasdaq Listing Qualifications Panel will grant the Company's request for continued listing.

TARR-G

Contact Information

  • Contacts:
    Broadgate Consultants, LLC
    Alan H. Oshiki
    (212) 232-2222
    Email Contact

    Tarragon Corporation
    William S. Friedman
    (212) 949-5000
    Email Contact