Overstock.com regains compliance with Nasdaq

Salt Lake City Overstock.com announced Monday that it received notice from the Nasdaq Stock Market that the e-commerce retailer is now in compliance with the periodic filing requirement.

According to the company, the previously reported matter has been closed.

Last November, Overstock.com received a letter from the Nasdaq notifying the company that it had violated a Nasdaq listing rule when it filed its quarterly report for the period ended September 30, 2009. The violation concerned the Statement of Auditing Standards No. 100.

In response to a compliance plan submitted by the company, Nasdaq granted an exception to enable the company to regain compliance by May 17.

"With the filing of our Q3 2009 10-Q/A, we've regained compliance with the Nasdaq's listing rules," said Overstock.com president Jonathan Johnson.