Gerova Financial Group Ltd (GFC)

[CMA7]

NYSE Halts Trading in the Securities of Gerova Financial Group Ltd.
2/23/2011 6:37 PM - PR Newswire

HAMILTON, Bermuda, Feb. 23, 2011 /PRNewswire via COMTEX News Network/ --

Gerova Financial Group, Ltd. ("Gerova") (NYSE: GFC), a diversified financial services company, announced that the New York Stock Exchange, after discussions with the Company, elected to halt trading today pending the Company's disclosure of additional information relative to its operations, management restructuring and business plans.

Chief Financial Officer, Michael Hlavsa, stated, "After a discussion with the NYSE, we concur that the best decision was to halt the trading of our securities. The added time will enable the Company to disseminate to the market in an orderly way a comprehensive update on its recent developments and its strategic direction."