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Midas Edge

BROCADE COMMUNICATIONS SYSTEMS INC BRCD (last ticker on record)

CIK 1009626Its SEC filings (opens in a new tab)

  • Restatement
  • SEC/DOJ scrutiny
  • Restructuring
  • Delisting notice (not a red flag)

These figures describe clients, not conduct. A lawyer or firm can serve many companies that later had trouble for reasons that have nothing to do with their work, and nothing here says any lawyer or firm did anything wrong.

Red flags
3
Newest began Nov 2017
Largest fall in its shares
—
None of 95% on record
Law firms
9
Linked to 5 or more companies
Lawyers
12
Linked to 5 or more companies

What happened

  1. Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
  2. Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
  3. Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
  4. An SEC release names it, an officer or its stockSEC release (opens in a new tab)
  5. An SEC release names it, an officer or its stockSEC release (opens in a new tab)
  6. A filing mentions cooperating with the SECForm 8-K/A (opens in a new tab)
  7. An SEC release names it, an officer or its stockSEC release (opens in a new tab)
  8. SEC enforcement releaseSEC release (opens in a new tab)
  9. An SEC release names it, an officer or its stockSEC release (opens in a new tab)
  10. An SEC release names it, an officer or its stockSEC release (opens in a new tab)
  11. A filing mentions cooperating with the SECForm 10-Q (opens in a new tab)
  12. Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
  13. Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
  14. Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
  15. Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
  16. Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
  17. A filing mentions a formal order of investigationForm 8-K (opens in a new tab)
  18. Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
  19. A filing mentions cooperating with the SECForm 8-K (opens in a new tab)
  20. Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
  21. Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)

An SEC release can name a company’s officer, or its stock as what a scheme sold or moved, so the company may be the victim. Each link goes to what to read.

Law firms

The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.

Lawyers

The ratios are about all the companies linked to each one, this one included: how many had that outcome, as a multiple of what comparable companies show. 1.00 means no more than expected.