Shoe Pavilion has received a letter from the The Nasdaq Stock Market (“Nasdaq”) indicating that its stock will be delisted from Nasdaq because of its bankruptcy filing. According to a filing with the SEC, if the company does not appeal Nasdaq's determination, its common stock will be delisted from the Nasdaq Global Market on July 28 and will not be immediately eligible for listing on the OTC Bulletin Board. Shoe Pavilion said it currently does not intend to exercise its right to appeal Nasdaq's determination.
