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Corinthian Colleges Inc. of Santa Ana, the operator of 127 for-profit schools, said Tuesday it had complied with Nasdaq rules and wouldn’t be delisted.
Corinthian, which failed to file quarterly and annual financial reports on time with the Securities and Exchange Commission, said a Nasdaq committee concluded that the company was in compliance after it filed the reports Nov. 22.
Corinthian had delayed filing the financial results while it completed an internal investigation into the backdating of stock-option grants to company executives.
The company’s stock fell 13 cents to $13.26.
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