FAO Inc. has been informed by Nasdaq that it is subject to delisting as a result of its recent bankruptcy filing.
FAO Inc., the parent of toy retail and direct merchants FAO Schwarz, Zany Brainy and Right Start, filed for Chapter 11 bankruptcy protection on Jan. 13.
The King of Prussia, PA-based company has requested a hearing before the Nasdaq Listing Qualifications Panel to review this decision.
The company
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