OPNEXT INC OPXT (last ticker on record)

CIK 1157780Its 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 Dec 2011
Largest fall in its shares: 95%; Mar 2007 to Dec 2011
Law firms: 8; Linked to 5 or more companies
Lawyers: 10; Linked to 5 or more companies

What happened

Jul 27, 2012Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Dec 13, 2011Shares down 95% from their high
Feb 26, 2008Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Feb 25, 2008Said its accounts could not be relied on (Item 4.02)Form 8-K/A (opens in a new tab)
Feb 25, 2008Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Feb 19, 2008Said its accounts could not be relied on (Item 4.02)Form 8-K/A (opens in a new tab)
Feb 13, 2008Said 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.

Law firms linked to this company
Name	First linked	How it is known	Linked companies	SEC/DOJ scrutiny	Went dark	95% wipeout
Weil, Gotshal & Manges LLP	Jul 2012	Named in a filing	1,051	1.31	0.27	0.91
Latham & Watkins LLP	Oct 2006	Named in SEC correspondence	2,667	0.98	0.31	1.10
Ropes & Gray	Oct 2006	Named in SEC correspondence	914	0.98	0.14	0.92
Cozen O'Connor P.C.	Aug 2008	Text search only	163	1.03	0.63	0.94
Pillsbury Winthrop	Aug 2008	Text search only	516	1.13	0.82	1.27
Irell & Manella	Dec 2006	Text search only	76	1.73	1.09	1.23
Kirkland & Ellis	Dec 2006	Text search only	1,686	0.98	0.17	0.87
Simpson Thacher & Bartlett	Dec 2006	Text search only	1,396	1.28	0.11	0.92

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
Keith A. FlaumCooley LLP	Jul 2012	Named in a filing	25	1.78	0.00	0.00
David S. AllinsonLatham & Watkins LLP	Aug 2008	Named in SEC correspondence	21	3.40	0.00	1.69
John J. HuberLatham & Watkins LLP	Feb 2007	Named in SEC correspondence	61	1.12	0.00	1.74
Ann LawrencePaul Hastings	Oct 2006	Named in SEC correspondence	10	2.38	2.68	3.30
J. Scott HodgkinsLatham & Watkins LLP	Oct 2006	Named in SEC correspondence	15	0.94	0.00	2.13
Julie H. JonesRopes & Gray	Oct 2006	Named in SEC correspondence	25	0.41	0.00	1.36
Keith F. HigginsRopes & Gray	Oct 2006	Named in SEC correspondence	35	0.86	0.00	0.56
James J. MasettiPillsbury Winthrop	Aug 2008	Text search only	22	1.18	0.00	2.18
OR FORMATIONSimpson Thacher & Bartlett	Aug 2008	Text search only	160	1.27	0.15	0.90
Stanley F. PiersonPillsbury Winthrop	Aug 2008	Text search only	11	1.66	0.00	2.00