PERNIX THERAPEUTICS HOLDINGS, INC. PTX (last ticker on record)

CIK 1024126Its SEC filings (opens in a new tab)

Restructuring
95% wipeout
Bankruptcy
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 Feb 2019
Largest fall in its shares: 96%; May 2017 to Mar 2019
Law firms: 10; Linked to 5 or more companies
Lawyers: 5; Linked to 5 or more companies

What happened

Jun 26, 2019Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Apr 1, 2019Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Feb 27, 2019Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Feb 19, 2019Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Feb 19, 2019Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Feb 19, 2019Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
Dec 10, 2018Shares down 95% from their high
Jan 5, 2018Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
Jun 22, 2016Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
May 19, 2016Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
May 11, 2016Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
May 5, 2016Shares down 95% from their high
May 8, 2014Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Feb 28, 2014Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Feb 26, 2014Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Sep 17, 2013Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Jun 14, 2013Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jan 17, 2013Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Oct 3, 2006Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Aug 7, 2006Debt accelerated (Item 2.04)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.

Law firms linked to this company
Name	First linked	How it is known	Linked companies	SEC/DOJ scrutiny	Went dark	95% wipeout
Hogan Lovells US LLP	Jul 2017	Named in SEC correspondence	487	0.96	0.26	0.85
Goodwin Procter	Nov 2014	Named in SEC correspondence	1,221	0.79	0.31	1.17
Jackson Walker L.L.P.	Jan 2013	Named in a filing	158	1.10	0.81	1.39
McGuireWoods LLP	May 2011	Named in a filing	358	0.97	0.85	1.11
Jones Walker	Apr 2010	Named in SEC correspondence	161	1.34	0.23	0.94
Ward and Smith, P.A.	Jan 2010	Named in SEC correspondence	29	0.54	1.37	1.16
Ballard Spahr	Jan 1997	Named in a filing	492	1.23	1.06	0.73
O Melveny & Myers LLP	Nov 1996	Named in a filing	589	1.07	0.25	1.07
Cooley LLP	Nov 2017	Text search only	1,634	0.71	0.44	1.24
Reed Smith	Nov 2014	Text search only	487	1.15	0.77	1.13

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.

Lawyers linked to this company
Name	First linked	How it is known	Linked companies	SEC/DOJ scrutiny	Went dark	95% wipeout
Steve AbramsHogan Lovells US LLP	Aug 2017	Named in SEC correspondence	10	3.11	0.00	1.22
Thomas S. LevatoGoodwin Procter	Nov 2014	Named in SEC correspondence	28	1.00	0.00	2.32
JEFFREY R. HARDERWinstead PC	Jan 2013	Named in a filing	9	0.00	0.00	2.29
Peter T. HealyO Melveny & Myers LLP	Nov 1996	Named in a filing	14	1.17	0.00	1.89
Cheston J. LarsonLatham & Watkins LLP	Jan 2013	Text search only	46	0.33	0.34	1.55