Deals
Nasdaq Can Delist Chinese Company CleanTech, U.S. Judge Says
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Nasdaq Stock Market won a federal judge’s permission to delist a Chinese maker of wind towers over its objection that the procedures for kicking it out are marred by bias.
U.S. District Judge Richard J. Sullivan yesterday lifted the restraining order imposed against Nasdaq by New York State Supreme Court Justice Melvin Schweitzer on Dec. 20. Sullivan also denied a request by CleanTech Innovations Inc., based in Tieling, China, that he impose his own temporary restraining order.