Koil Energy Solutions, Inc. KLNG (last ticker on record)

CIK 1110607Its SEC filings (opens in a new tab)

95% wipeout
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: 2; Newest began Jan 2011
Largest fall in its shares: 99%; Oct 2007 to Oct 2020
Law firms: 3; Linked to 5 or more companies
Lawyers: 1; Linked to 5 or more companies

What happened

Jan 20, 2011Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Mar 2, 2009Shares 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
Lewis Roca Rothgerber	Oct 2013	Named in a filing	18	1.92	0.00	1.56
Looper Reed & McGraw	Apr 2009	Named in SEC correspondence	10	1.26	0.00	1.85
Sonfield & Sonfield	Apr 2006	Named in SEC correspondence	35	1.16	2.62	0.90

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.

Robert L. Sonfield Jr.Sonfield & SonfieldFirst linked Apr 2006 · Named in SEC correspondence · 35 linked companiesSEC/DOJ scrutiny 1.15× · Went dark 2.65× · 95% wipeout 0.92×

Lawyers linked to this company
Name	First linked	How it is known	Linked companies	SEC/DOJ scrutiny	Went dark	95% wipeout
Robert L. Sonfield Jr.Sonfield & Sonfield	Apr 2006	Named in SEC correspondence	35	1.15	2.65	0.92