Life Partners Holdings, Inc.,announced on November 30 that they received a letter from NASDAQ making them aware that they are finally in compliance with Listing Rule 5250(c)(1).
Life Partners Holdings, Inc., Waco, Texas (NASDAQ GS: LPHI) a large company involved in the secondary market, often referred to as life settlements, received delinquency letters from NASDAQ because the company had failed to file its Form 10-K for the fiscal year ended February 28, 2011 and form 10-Q's for the quarters ended May 31, 2011 and August 31. The rule necessitates that companies file, in a timely fashion, all periodic reports and documents with Securities and Exchange Commission.
