ENGLEWOOD CLIFFS, N.J., Jan. 8, 2013 (GLOBE NEWSWIRE) -- On January 2, 2013, Asta Funding, Inc. (Nasdaq:ASFI) (the "Company"), a consumer receivable asset management and liquidation company, received a staff determination letter from the NASDAQ Global Select Market ("NASDAQ") stating that the Company was not in compliance with its rules for continued listing, Rule 4310(c)(14), because it has not timely filed its Annual Report on Form 10-K for the year ended September 30, 2012. The NASDAQ letter indicated that the Company has 60 days to submit a plan to regain compliance. If such a plan is timely submitted by the Company, the NASDAQ Staff can grant the Company up to 180 calendar days from the due date of the Form 10-K (or June 29, 2013) to regain compliance.
Asta Funding, Inc. Receives Letter From NASDAQ Relating To Its Late Form 10-K
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