MAGNA ENTERTAINMENT CORP MECAQ (last ticker on record)
CIK 1093273Its SEC filings (opens in a new tab)
- Restructuring
- SEC/DOJ scrutiny
- Delisting notice (not a red flag)
- 95% wipeout
- Bankruptcy
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
- 4
- Newest began Mar 2009
- Largest fall in its shares
- 99%
- Nov 2005 to Mar 2009
- Law firms
- 10
- Linked to 5 or more companies
- Lawyers
- 4
- Linked to 5 or more companies
What happened
- Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
- Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Shares down 95% from their high
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- A filing mentions a grand jury subpoenaForm 8-K (opens in a new tab)
- Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
- Exit or disposal costs (Item 2.05)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.
- Cravath Swaine & MooreFirst linked Jul 2004 · Named in a filing · 839 linked companiesSEC/DOJ scrutiny 1.29× · Went dark 0.03× · 95% wipeout 0.85×
- Sidley AustinFirst linked Feb 2000 · Named in a filing · 1,210 linked companiesSEC/DOJ scrutiny 1.30× · Went dark 0.14× · 95% wipeout 0.93×
- Osler, Hoskin & Harcourt LLPFirst linked Jan 2000 · Named in SEC correspondence · 155 linked companiesSEC/DOJ scrutiny 1.19× · Went dark 0.16× · 95% wipeout 0.77×
- Schwabe Williamson & WyattFirst linked Mar 2002 · Text search only · 8 linked companiesSEC/DOJ scrutiny 1.29× · Went dark 2.10× · 95% wipeout 2.72×
- Torys LLPFirst linked Mar 2002 · Text search only · 170 linked companiesSEC/DOJ scrutiny 1.22× · Went dark 0.44× · 95% wipeout 0.94×
- Bell Boyd & LloydFirst linked Oct 2001 · Text search only · 50 linked companiesSEC/DOJ scrutiny 1.36× · Went dark 0.38× · 95% wipeout 0.47×
- Ropes & GrayFirst linked Oct 2001 · Text search only · 914 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.14× · 95% wipeout 0.92×
- Davies Ward Phillips & VinebergFirst linked Oct 2001 · Text search only · 94 linked companiesSEC/DOJ scrutiny 0.35× · Went dark 0.21× · 95% wipeout 1.11×
- Heenan BlaikieFirst linked Oct 2001 · Text search only · 29 linked companiesSEC/DOJ scrutiny 0.75× · Went dark 0.00× · 95% wipeout 0.97×
- Brown & WoodFirst linked Sep 2001 · Text search only · 299 linked companiesSEC/DOJ scrutiny 1.53× · Went dark 0.47× · 95% wipeout 0.58×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Cravath Swaine & Moore | Jul 2004 | Named in a filing | 839 | 1.29 | 0.03 | 0.85 |
| Sidley Austin | Feb 2000 | Named in a filing | 1,210 | 1.30 | 0.14 | 0.93 |
| Osler, Hoskin & Harcourt LLP | Jan 2000 | Named in SEC correspondence | 155 | 1.19 | 0.16 | 0.77 |
| Schwabe Williamson & Wyatt | Mar 2002 | Text search only | 8 | 1.29 | 2.10 | 2.72 |
| Torys LLP | Mar 2002 | Text search only | 170 | 1.22 | 0.44 | 0.94 |
| Bell Boyd & Lloyd | Oct 2001 | Text search only | 50 | 1.36 | 0.38 | 0.47 |
| Ropes & Gray | Oct 2001 | Text search only | 914 | 0.98 | 0.14 | 0.92 |
| Davies Ward Phillips & Vineberg | Oct 2001 | Text search only | 94 | 0.35 | 0.21 | 1.11 |
| Heenan Blaikie | Oct 2001 | Text search only | 29 | 0.75 | 0.00 | 0.97 |
| Brown & Wood | Sep 2001 | Text search only | 299 | 1.53 | 0.47 | 0.58 |
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.
- Philip A. GelstonCravath Swaine & MooreFirst linked Jul 2004 · Named in a filing · 15 linked companiesSEC/DOJ scrutiny 1.85× · Went dark 0.00× · 95% wipeout 1.40×
- Rob LandoOsler, Hoskin & Harcourt LLPFirst linked Mar 2002 · Named in SEC correspondence · 8 linked companiesSEC/DOJ scrutiny 1.70× · Went dark 0.00× · 95% wipeout 1.86×
- Scott M. FreemanSidley AustinFirst linked Jan 2000 · Named in a filing · 18 linked companiesSEC/DOJ scrutiny 3.17× · Went dark 0.00× · 95% wipeout 1.24×
- Frederick B. McLaneO Melveny & Myers LLPFirst linked Mar 2002 · Text search only · 7 linked companiesSEC/DOJ scrutiny 1.13× · Went dark 0.00× · 95% wipeout 1.39×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Philip A. GelstonCravath Swaine & Moore | Jul 2004 | Named in a filing | 15 | 1.85 | 0.00 | 1.40 |
| Rob LandoOsler, Hoskin & Harcourt LLP | Mar 2002 | Named in SEC correspondence | 8 | 1.70 | 0.00 | 1.86 |
| Scott M. FreemanSidley Austin | Jan 2000 | Named in a filing | 18 | 3.17 | 0.00 | 1.24 |
| Frederick B. McLaneO Melveny & Myers LLP | Mar 2002 | Text search only | 7 | 1.13 | 0.00 | 1.39 |