US DATAWORKS INC UDWK (last ticker on record)

CIK 1049505Its SEC filings (opens in a new tab)

95% wipeout
Restructuring
Delisting notice (not a red flag)
Restatement

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 Jun 2010
Largest fall in its shares: 99%; May 1999 to Dec 2013
Law firms: 9; Linked to 5 or more companies
Lawyers: 8; Linked to 5 or more companies

What happened

Jan 27, 2011Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Jun 29, 2010Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Apr 30, 2010Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Mar 1, 2010Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jul 29, 2008Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jul 28, 2008Debt accelerated (Item 2.04)Form 8-K/A (opens in a new tab)
Jul 28, 2008Debt accelerated (Item 2.04)Form 8-K/A (opens in a new tab)
Jul 18, 2008Debt accelerated (Item 2.04)Form 8-K/A (opens in a new tab)
Jul 18, 2008Debt accelerated (Item 2.04)Form 8-K/A (opens in a new tab)
Jun 27, 2008Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Jun 19, 2008Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Sep 18, 2001Shares down 95% from their high

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
Locke Liddell & Sapp LLP	Jan 2005	Named in SEC correspondence	106	1.24	0.72	1.73
Hale Lane Peek Dennison and Howard	May 2004	Named in a filing	14	0.64	0.62	1.68
Pillsbury Winthrop	Jan 2003	Named in SEC correspondence	516	1.13	0.82	1.27
Loeb & Loeb LLP	May 2002	Named in a filing	838	0.92	0.99	1.10
Law Offices of Iwona J. Alami	Dec 2001	Named in a filing	11	2.61	0.99	0.96
Cozen O'Connor P.C.	Nov 2009	Text search only	163	1.03	0.63	0.94
Schulte Roth & Zabel	Dec 2007	Text search only	296	0.93	0.44	0.99
Feldman Weinstein	May 2004	Text search only	278	0.92	1.17	1.20
Sherman & Howard L.L.C.	May 2004	Text search only	105	1.02	0.99	1.48

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
F. Alec OrudjevSchiff Hardin	Nov 2009	Named in SEC correspondence	23	0.00	1.18	1.28
Ralph V. De MartinoArentFox Schiff LLP	Nov 2009	Named in a filing	78	0.51	1.20	1.38
Richard S. BebbPillsbury Winthrop	Dec 2007	Named in a filing	6	0.00	0.00	1.12
Noelle MattesonPillsbury Winthrop	Feb 2007	Named in SEC correspondence	7	0.00	0.00	2.82
J. Eric JohnsonWinston & Strawn	Aug 2005	Named in SEC correspondence	20	0.83	1.51	1.65
David F. TaylorLocke Lord	Jan 2005	Named in SEC correspondence	35	1.52	1.10	2.68
David L. FicksmanTroyGould PC	May 2002	Named in a filing	58	0.91	1.80	0.96
Sheri M. WattsKatten Muchin Rosenman LLP	May 2002	Named in a filing	6	0.00	2.05	1.84