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Sarbanes-Oxley costs drive ClearStory to deregister stock listing

Sarbanes-Oxley costs drive ClearStory to deregister stock listing

by Rick Turoczy on June 21, 2006

ClearStory Systems Inc., a provider of digital asset management software, announced yesterday that it filed a form with the U.S. Securities and Exchange Commission to voluntarily deregister its common stock to suspend the company’s reporting obligations.

“It’s very expensive to remain a public entity when you’re a small company,” said company spokeswoman Susan Worthy. “The Sarbanes-Oxley Act makes it costly and resource-prohibitive.”

Sarbanes-Oxley costs drive ClearStory to deregister stock listing

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