ARBINET Corp ARBX (last ticker on record)
CIK 1136655Its SEC filings (opens in a new tab)
- Restatement
- 95% wipeout
- 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
- 2
- Newest began Oct 2010
- Largest fall in its shares
- 95%
- Dec 2004 to Oct 2010
- Law firms
- 11
- Linked to 5 or more companies
- Lawyers
- 5
- Linked to 5 or more companies
What happened
- Delisting notice (Item 3.01)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.
- Andrews Kurth LLPFirst linked Jan 2011 · Named in a filing · 398 linked companiesSEC/DOJ scrutiny 1.27× · Went dark 0.35× · 95% wipeout 1.30×
- Goodwin ProcterFirst linked Apr 2006 · Named in SEC correspondence · 1,221 linked companiesSEC/DOJ scrutiny 0.79× · Went dark 0.31× · 95% wipeout 1.17×
- Milbank Tweed Hadley & McCloyFirst linked Mar 2006 · Named in SEC correspondence · 439 linked companiesSEC/DOJ scrutiny 1.03× · Went dark 0.35× · 95% wipeout 0.76×
- Morgan LewisFirst linked Jul 2004 · Named in a filing · 1,028 linked companiesSEC/DOJ scrutiny 1.18× · Went dark 0.31× · 95% wipeout 1.02×
- Shearman & SterlingFirst linked Jul 2004 · Named in a filing · 2,649 linked companiesSEC/DOJ scrutiny 1.21× · Went dark 0.13× · 95% wipeout 0.87×
- Morris Nichols Arsht & TunnellFirst linked Oct 2007 · Text search only · 256 linked companiesSEC/DOJ scrutiny 1.51× · Went dark 0.21× · 95% wipeout 0.89×
- Dow LohnesFirst linked Dec 2004 · Text search only · 36 linked companiesSEC/DOJ scrutiny 0.71× · Went dark 0.00× · 95% wipeout 1.08×
- McDermott Will & EmeryFirst linked Dec 2004 · Text search only · 562 linked companiesSEC/DOJ scrutiny 0.97× · Went dark 0.60× · 95% wipeout 1.14×
- Testa, Hurwitz & Thibeault, LLPFirst linked Dec 2004 · Text search only · 150 linked companiesSEC/DOJ scrutiny 1.08× · Went dark 0.42× · 95% wipeout 1.31×
- Debevoise & PlimptonFirst linked Jul 2004 · Text search only · 424 linked companiesSEC/DOJ scrutiny 1.10× · Went dark 0.14× · 95% wipeout 1.04×
- Olshan Frome Wolosky LLPFirst linked Jul 2004 · Text search only · 390 linked companiesSEC/DOJ scrutiny 1.38× · Went dark 0.86× · 95% wipeout 1.22×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Andrews Kurth LLP | Jan 2011 | Named in a filing | 398 | 1.27 | 0.35 | 1.30 |
| Goodwin Procter | Apr 2006 | Named in SEC correspondence | 1,221 | 0.79 | 0.31 | 1.17 |
| Milbank Tweed Hadley & McCloy | Mar 2006 | Named in SEC correspondence | 439 | 1.03 | 0.35 | 0.76 |
| Morgan Lewis | Jul 2004 | Named in a filing | 1,028 | 1.18 | 0.31 | 1.02 |
| Shearman & Sterling | Jul 2004 | Named in a filing | 2,649 | 1.21 | 0.13 | 0.87 |
| Morris Nichols Arsht & Tunnell | Oct 2007 | Text search only | 256 | 1.51 | 0.21 | 0.89 |
| Dow Lohnes | Dec 2004 | Text search only | 36 | 0.71 | 0.00 | 1.08 |
| McDermott Will & Emery | Dec 2004 | Text search only | 562 | 0.97 | 0.60 | 1.14 |
| Testa, Hurwitz & Thibeault, LLP | Dec 2004 | Text search only | 150 | 1.08 | 0.42 | 1.31 |
| Debevoise & Plimpton | Jul 2004 | Text search only | 424 | 1.10 | 0.14 | 1.04 |
| Olshan Frome Wolosky LLP | Jul 2004 | Text search only | 390 | 1.38 | 0.86 | 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.
- Joseph L. Johnson IIIGoodwin ProcterFirst linked Apr 2006 · Named in a filing · 20 linked companiesSEC/DOJ scrutiny 0.34× · Went dark 0.00× · 95% wipeout 1.58×
- Roland HlawatyMilbank Tweed Hadley & McCloyFirst linked Mar 2006 · Named in SEC correspondence · 6 linked companiesSEC/DOJ scrutiny 1.29× · Went dark 0.00× · 95% wipeout 1.66×
- Abigail ArmsShearman & SterlingFirst linked Jul 2004 · Named in a filing · 18 linked companiesSEC/DOJ scrutiny 1.24× · Went dark 0.00× · 95% wipeout 1.17×
- Andrew P. GilbertDLA PiperFirst linked Jul 2004 · Named in a filing · 49 linked companiesSEC/DOJ scrutiny 0.65× · Went dark 0.50× · 95% wipeout 1.01×
- David J. SorinBuchanan Ingersoll Professional CorporationFirst linked Jul 2004 · Named in a filing · 19 linked companiesSEC/DOJ scrutiny 1.94× · Went dark 1.07× · 95% wipeout 1.25×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Joseph L. Johnson IIIGoodwin Procter | Apr 2006 | Named in a filing | 20 | 0.34 | 0.00 | 1.58 |
| Roland HlawatyMilbank Tweed Hadley & McCloy | Mar 2006 | Named in SEC correspondence | 6 | 1.29 | 0.00 | 1.66 |
| Abigail ArmsShearman & Sterling | Jul 2004 | Named in a filing | 18 | 1.24 | 0.00 | 1.17 |
| Andrew P. GilbertDLA Piper | Jul 2004 | Named in a filing | 49 | 0.65 | 0.50 | 1.01 |
| David J. SorinBuchanan Ingersoll Professional Corporation | Jul 2004 | Named in a filing | 19 | 1.94 | 1.07 | 1.25 |