Education company Corinthian Colleges (COCO) said Monday it received an additional letter from Nasdaq stating that its common stock is likely to be delisted for its failure to file 2007 first-quarter returns.
The Santa Ana, Calif.-based company said it was unable to file because of an ongoing review of its stock option grant practices.
Earlier, the company had received a similar letter from Nasdaq for failure to file a 2006 annual report, which the company had appealed.
The company expects to file both the annual and quarterly reports as soon as practicable.
Shares of the company were down 14 cents, or 1.15%, at $12.06 Tuesday.
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