Overstock regains compliance with Nasdaq rules

By AP
Tuesday, April 6, 2010

Overstock regains compliance with Nasdaq rules

SALT LAKE CITY — Overstock.com Inc. said it has regained compliance with the Nasdaq Stock Market’s requirements for filing regulatory documents.

The online retailer said late Monday it was notified by Nasdaq of a violation in November after filing its third quarter earnings report. The 10-Q filing wasn’t reviewed in accordance with certain accepted auditing standards.

But after it submitted a plan for compliance, Overstock.com said, Nasdaq granted an exception.

Shares of Overstock.com, based in Salt Lake City, were up $1.17, or 6.3 percent, to $19.85 in afternoon trading.

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