The New York Stock Exchange plans to suspend trading in the common stock and other NYSE-listed securities of Reliance Group Holdings Inc. and will move to delist the issues from the exchange.
The NYSE made the announcement Tuesday, saying it is taking the action because of Reliance common stock’s abnormally low selling price, which closed Monday at 1/32, matching a 52-week low. The troubled insurer is also in violation of other listing criteria.
Was this article valuable?
Here are more articles you may enjoy.
Court Orders Justice Family Coal Companies to Pay $1M to Liberty Mutual Unit 
Florida Lawmakers Ready for Another Shot at Litigation Funding Limits 
Alliant Latest to Sue Howden US Over Alleged ‘Smash-and-Grab’ Poaching 
New York Governor Hochul Vows to Tackle Insurance Affordability, Litigation and Fraud 
