FOUR OAKS FINCORP INC FOFN (last ticker on record)
CIK 1040799Its SEC filings (opens in a new tab)
- Restatement
- 95% wipeout
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
- 2
- Newest began Oct 2011
- Largest fall in its shares
- 96%
- Feb 2007 to Dec 2011
- Law firms
- 1
- Linked to 5 or more companies
- Lawyers
- 4
- Linked to 5 or more companies
What happened
- Shares down 95% from their high
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K/A (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.
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Smith Anderson | Jul 1997 | Named in SEC correspondence | 67 | 1.24 | 0.00 | 1.41 |
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.
- Margaret N. RosenfeldSmith AndersonFirst linked Jan 2008 · Named in a filing · 6 linked companiesSEC/DOJ scrutiny 1.42× · Went dark 0.00× · 95% wipeout 2.34×
- Byron B. KirklandSmith AndersonFirst linked Jul 1997 · Named in a filing · 9 linked companiesSEC/DOJ scrutiny 0.89× · Went dark 0.00× · 95% wipeout 0.59×
- Jason L. MartinezSmith AndersonFirst linked Jul 1997 · Named in SEC correspondence · 5 linked companiesSEC/DOJ scrutiny 1.32× · Went dark 0.00× · 95% wipeout 1.84×
- Matthew C. BobaChapman and CutlerFirst linked Jan 2008 · Text search only · 19 linked companiesSEC/DOJ scrutiny 0.84× · Went dark 0.00× · 95% wipeout 1.33×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Margaret N. RosenfeldSmith Anderson | Jan 2008 | Named in a filing | 6 | 1.42 | 0.00 | 2.34 |
| Byron B. KirklandSmith Anderson | Jul 1997 | Named in a filing | 9 | 0.89 | 0.00 | 0.59 |
| Jason L. MartinezSmith Anderson | Jul 1997 | Named in SEC correspondence | 5 | 1.32 | 0.00 | 1.84 |
| Matthew C. BobaChapman and Cutler | Jan 2008 | Text search only | 19 | 0.84 | 0.00 | 1.33 |