Ixia said Friday that a Nasdaq panel had granted the company’s request to allow it shares to trade pending a final determination regarding its listing status. The Calabasas maker of computer networking software will have a hearing June 12 before the Nasdaq Listings Qualification Panel to present an updated plan to regain compliance and to request an extension of time for the filing of its delayed reports. Ixia failed to file quarterly reports last fall after Chief Executive Vic Alston resigned because of false information on his resume. The unexpected leadership turnover caused the company to miss its filing deadline. The resignation prompted a review by the audit committee, which found accounting errors at the company and has announced it will issue restated financials for two quarters in 2013. Shares closed up 13 cents, or more than 1 percent, to $11.81 on the Nasdaq.
