After announced that it may file for bankruptcy, Conseco has been delisted by the New York Stock Exchange. The company’s stock closed on Aug. 8 at $0.34. News of the company, including second quarter financial reports and restructuring plans, sparked a sell-off.

Although CEO Gary Wendt has vigorously defended the company’s restructuring efforts and denied talk of bankruptcy, Conseco’s decision to use a 30-day grace period to pay back loans sparked downgrades of both the holding company’s debt and the financial stability of its subsidiary insurers.

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