Company Update

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of The Securities Exchange Act Of 1934 Date of Report (Date of earliest event reported): May 25, 2010 THE INTERGROUP CORPORATION --------------------------------------------------- (Exact name of registrant as specified in its charter) Delaware 1-10324 13-3293645 ---------------------------- ------------ ------------------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 10940 Wilshire Blvd., Suite 2150, Los Angeles, California 90024 --------------------------------------------------------- -------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (310) 889-2500 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 8.01 Other Events. Following a hearing held before a NASDAQ Listing Qualifications Panel (the "Panel") last month, the Panel determined to grant the request of The InterGroup Corporation (the "Company") for continued listing on The NASDAQ Capital Market pending the Company's return to compliance with either the minimum $2.5 million stockholders' equity or the $35 million market value of listed securities ("MVLS") requirement for continued listing. On May 25, 2010, NASDAQ notified the Company that it achieved compliance with the minimum $35 million MVLS requirement and that it complies with all other applicable standards for continued listing on The NASDAQ Capital Market, thereby satisfying the requirements of the Panel's decision. Accordingly, the Company will continue to be listed on NASDAQ and the delisting proceeding is now closed. On May 26, 2010, the Company issued a press release announcing the receipt of the notice of compliance from NASDAQ, the text of which is included in this document as Exhibit 99.1. ITEM 9.01. Financial Statements and Exhibits. (d) Exhibits 99.1 Text of Press Release, dated May 26, 2010 of the Registrant. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. THE INTERGROUP CORPORATION Dated: May 26, 2010 By /s/ Michael G. Zybala ----------------------------- Michael G. Zybala Asst. Secretary and Counsel -2- ----------------------------------------------------------------------------- EXHIBIT INDEX Exhibit No. Description ----------- ----------- 99.1 Press Release issued May 26, 2010