The New York Stock Exchange has told Holliday Fenoglio Fowler LP that its stock could be delisted unless the company proves it meets the minimum $75 million market capitalization.
John H. Pelusi Jr., the Pittsburgh-based CEO of the commercial real estate company, acknowledged HFF may leave the exchange. The company has 45 days to submit a cure plan.
HFF said problems in global capital markets factored into its 48.5 percent drop in income to $131.7 million for 2008. The stock closed yesterday at $1.26, down 2 cents.
