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ExpressJet Requests Review of Unusual Trading Activity

2008-07-24 16:16:00

ExpressJet Requests Review of Unusual Trading Activity

    HOUSTON, July 24 /EMWNews/ -- ExpressJet Holdings, Inc.

(NYSE: XJT) announced today that in light of unusual trading activity in

its common stock shortly before the close of the market yesterday, the

company contacted NYSE Regulation, Inc. ("NYSER") to request an immediate

review as to whether its stock has been the subject of illegal

manipulation, including short selling, and followed-up with an

investigative request to the Securities and Exchange Commission. The NYSER

agreed to conduct a review of this matter and the company intends to fully

cooperate with any investigation as it believes such action is prudent to

represent the best interests of all security holders in ExpressJet.


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