MannKind Shares Halted by Nasdaq Given Pending News
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Trading of MannKind Corp. shares was halted by Nasdaq OMX Group Inc. because the biotechnology company founded by the billionaire inventor Alfred Mann plans to release news, Nasdaq spokesman Wayne Lee said.
The halt started at 11:57 a.m. New York time today, according to data compiled by Bloomberg. Earlier, Nasdaq and NYSE Euronext said trades in which MannKind shares plunged as much as 38 percent to $6.05 won’t be canceled under rules covering “clearly erroneous” transactions.