OpenWorld, Inc. OPNW (last ticker on record)
CIK 1104038Its SEC filings (opens in a new tab)
- Restatement
- 95% wipeout
- 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 2024
- Largest fall in its shares
- 99%
- Dec 2015 to Apr 2025
- Law firms
- 9
- Linked to 5 or more companies
- Lawyers
- 6
- Linked to 5 or more companies
What happened
- 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)
- 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)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
- 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)
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.
- Gracin & Marlow, LLPFirst linked Oct 2019 · Named in SEC correspondence · 55 linked companiesSEC/DOJ scrutiny 0.97× · Went dark 2.34× · 95% wipeout 1.38×
- Harter Secrest & Emery LLPFirst linked Oct 2019 · Named in SEC correspondence · 77 linked companiesSEC/DOJ scrutiny 1.35× · Went dark 0.33× · 95% wipeout 0.70×
- Baker, Donelson, Bearman, Caldwell & Berkowitz, PCFirst linked Apr 2016 · Named in SEC correspondence · 149 linked companiesSEC/DOJ scrutiny 0.72× · Went dark 1.18× · 95% wipeout 1.15×
- Morgan LewisFirst linked Apr 2006 · Named in a filing · 1,028 linked companiesSEC/DOJ scrutiny 1.18× · Went dark 0.31× · 95% wipeout 1.02×
- Milbank Tweed Hadley & McCloyFirst linked Aug 2026 · Text search only · 439 linked companiesSEC/DOJ scrutiny 1.03× · Went dark 0.35× · 95% wipeout 0.76×
- Parsons Behle & LatimerFirst linked May 2020 · Text search only · 66 linked companiesSEC/DOJ scrutiny 1.40× · Went dark 1.37× · 95% wipeout 1.31×
- Nason, Yeager, Gerson, Harris & Fumero, P.A.First linked Oct 2019 · Text search only · 51 linked companiesSEC/DOJ scrutiny 1.20× · Went dark 1.08× · 95% wipeout 1.41×
- Covington & BurlingFirst linked Aug 2013 · Text search only · 447 linked companiesSEC/DOJ scrutiny 1.07× · Went dark 0.27× · 95% wipeout 0.99×
- Sheppard MullinFirst linked Aug 2013 · Text search only · 392 linked companiesSEC/DOJ scrutiny 1.12× · Went dark 0.81× · 95% wipeout 1.22×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Gracin & Marlow, LLP | Oct 2019 | Named in SEC correspondence | 55 | 0.97 | 2.34 | 1.38 |
| Harter Secrest & Emery LLP | Oct 2019 | Named in SEC correspondence | 77 | 1.35 | 0.33 | 0.70 |
| Baker, Donelson, Bearman, Caldwell & Berkowitz, PC | Apr 2016 | Named in SEC correspondence | 149 | 0.72 | 1.18 | 1.15 |
| Morgan Lewis | Apr 2006 | Named in a filing | 1,028 | 1.18 | 0.31 | 1.02 |
| Milbank Tweed Hadley & McCloy | Aug 2026 | Text search only | 439 | 1.03 | 0.35 | 0.76 |
| Parsons Behle & Latimer | May 2020 | Text search only | 66 | 1.40 | 1.37 | 1.31 |
| Nason, Yeager, Gerson, Harris & Fumero, P.A. | Oct 2019 | Text search only | 51 | 1.20 | 1.08 | 1.41 |
| Covington & Burling | Aug 2013 | Text search only | 447 | 1.07 | 0.27 | 0.99 |
| Sheppard Mullin | Aug 2013 | Text search only | 392 | 1.12 | 0.81 | 1.22 |
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.
- Leslie MarlowBlank RomeFirst linked Jun 2020 · Named in SEC correspondence · 71 linked companiesSEC/DOJ scrutiny 0.58× · Went dark 2.60× · 95% wipeout 1.43×
- Alexander R. McCleanHarter Secrest & Emery LLPFirst linked Oct 2019 · Named in SEC correspondence · 27 linked companiesSEC/DOJ scrutiny 0.86× · Went dark 0.00× · 95% wipeout 0.64×
- Tonya Mitchem GrindonBaker, Donelson, Bearman, Caldwell & Berkowitz, PCFirst linked Apr 2016 · Named in SEC correspondence · 13 linked companiesSEC/DOJ scrutiny 2.54× · Went dark 1.24× · 95% wipeout 2.03×
- STEPHEN M. GOODMANMorgan LewisFirst linked Apr 2006 · Named in a filing · 15 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 1.51× · 95% wipeout 2.19×
- David DixterMilbank Tweed Hadley & McCloyFirst linked Aug 2026 · Text search only · 6 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 1.57×
- Kevin M. RichardsonLatham & Watkins LLPFirst linked Apr 2026 · Text search only · 16 linked companiesSEC/DOJ scrutiny 0.77× · Went dark 0.00× · 95% wipeout 0.62×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Leslie MarlowBlank Rome | Jun 2020 | Named in SEC correspondence | 71 | 0.58 | 2.60 | 1.43 |
| Alexander R. McCleanHarter Secrest & Emery LLP | Oct 2019 | Named in SEC correspondence | 27 | 0.86 | 0.00 | 0.64 |
| Tonya Mitchem GrindonBaker, Donelson, Bearman, Caldwell & Berkowitz, PC | Apr 2016 | Named in SEC correspondence | 13 | 2.54 | 1.24 | 2.03 |
| STEPHEN M. GOODMANMorgan Lewis | Apr 2006 | Named in a filing | 15 | 0.00 | 1.51 | 2.19 |
| David DixterMilbank Tweed Hadley & McCloy | Aug 2026 | Text search only | 6 | 0.00 | 0.00 | 1.57 |
| Kevin M. RichardsonLatham & Watkins LLP | Apr 2026 | Text search only | 16 | 0.77 | 0.00 | 0.62 |