Martin Lawrence to Be Dropped From NYSE

Martin Lawrence Limited Editions Inc., the long struggling Van Nuys-based art gallery chain, is being dropped from the New York Stock Exchange because the company no longer meets the exchange’s listing requirements.

The NYSE will drop Martin Lawrence on or before Aug. 12.

Among the criteria Martin Lawrence no longer meets is the total market value of its shares, and its net tangible assets available to common stock, along with a three-year average net income.

Martin Lawrence’s stock traded recently at 37.5 cents per share.