LOCAL Corp LOCM (last ticker on record)
CIK 1259550Its SEC filings (opens in a new tab)
- Restatement
- SEC/DOJ scrutiny
- Delisting notice (not a red flag)
- 95% wipeout
- Bankruptcy
- Restructuring
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
- 5
- Newest began Jun 2015
- Largest fall in its shares
- 99%
- Jul 2007 to Mar 2016
- Law firms
- 7
- Linked to 5 or more companies
- Lawyers
- 8
- Linked to 5 or more companies
What happened
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
- Debt accelerated (Item 2.04)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)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- A Justice Department statement names it, an officer or its stockJustice Department (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)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.
- Baker & McKenzieFirst linked Sep 2010 · Named in SEC correspondence · 587 linked companiesSEC/DOJ scrutiny 1.07× · Went dark 0.72× · 95% wipeout 1.00×
- Nixon PeabodyFirst linked Oct 2009 · Named in a filing · 196 linked companiesSEC/DOJ scrutiny 1.13× · Went dark 0.78× · 95% wipeout 0.90×
- Rutan & TuckerFirst linked Apr 2007 · Named in SEC correspondence · 60 linked companiesSEC/DOJ scrutiny 0.92× · Went dark 0.97× · 95% wipeout 1.08×
- Latham & Watkins LLPFirst linked Jun 2004 · Named in SEC correspondence · 2,667 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.31× · 95% wipeout 1.10×
- VENTURE LAW GROUPFirst linked Jan 2005 · Text search only · 127 linked companiesSEC/DOJ scrutiny 1.32× · Went dark 1.04× · 95% wipeout 1.23×
- FALK SHAFF & ZIEBELLFirst linked Aug 2004 · Text search only · 8 linked companiesSEC/DOJ scrutiny 1.63× · Went dark 3.05× · 95% wipeout 1.09×
- Stradling Yocca Carlson & RauthFirst linked Aug 2004 · Text search only · 165 linked companiesSEC/DOJ scrutiny 1.18× · Went dark 1.37× · 95% wipeout 1.37×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Baker & McKenzie | Sep 2010 | Named in SEC correspondence | 587 | 1.07 | 0.72 | 1.00 |
| Nixon Peabody | Oct 2009 | Named in a filing | 196 | 1.13 | 0.78 | 0.90 |
| Rutan & Tucker | Apr 2007 | Named in SEC correspondence | 60 | 0.92 | 0.97 | 1.08 |
| Latham & Watkins LLP | Jun 2004 | Named in SEC correspondence | 2,667 | 0.98 | 0.31 | 1.10 |
| VENTURE LAW GROUP | Jan 2005 | Text search only | 127 | 1.32 | 1.04 | 1.23 |
| FALK SHAFF & ZIEBELL | Aug 2004 | Text search only | 8 | 1.63 | 3.05 | 1.09 |
| Stradling Yocca Carlson & Rauth | Aug 2004 | Text search only | 165 | 1.18 | 1.37 | 1.37 |
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.
- Scott D. OlsonStoel RivesFirst linked Aug 2011 · Named in SEC correspondence · 24 linked companiesSEC/DOJ scrutiny 1.02× · Went dark 1.61× · 95% wipeout 1.72×
- Scott OlsonAndrews Kurth LLPFirst linked Aug 2011 · Named in a filing · 19 linked companiesSEC/DOJ scrutiny 0.65× · Went dark 0.00× · 95% wipeout 1.65×
- Christopher M. BartoliBaker & McKenzieFirst linked Jan 2011 · Named in SEC correspondence · 21 linked companiesSEC/DOJ scrutiny 0.69× · Went dark 0.00× · 95% wipeout 1.40×
- William E. KellyNixon PeabodyFirst linked Oct 2009 · Named in a filing · 9 linked companiesSEC/DOJ scrutiny 3.20× · Went dark 2.32× · 95% wipeout 3.15×
- Cary K. HydenLatham & Watkins LLPFirst linked Jun 2004 · Named in SEC correspondence · 19 linked companiesSEC/DOJ scrutiny 2.03× · Went dark 0.93× · 95% wipeout 1.06×
- Derek D. DundasLatham & Watkins LLPFirst linked Jun 2004 · Named in SEC correspondence · 10 linked companiesSEC/DOJ scrutiny 2.55× · Went dark 0.00× · 95% wipeout 2.05×
- Ellen S. BancroftDorsey & Whitney LLPFirst linked Jun 2004 · Named in a filing · 26 linked companiesSEC/DOJ scrutiny 1.55× · Went dark 0.61× · 95% wipeout 1.44×
- Scott R. SantagataDorsey & Whitney LLPFirst linked Jun 2004 · Named in a filing · 6 linked companiesSEC/DOJ scrutiny 1.46× · Went dark 0.00× · 95% wipeout 3.68×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Scott D. OlsonStoel Rives | Aug 2011 | Named in SEC correspondence | 24 | 1.02 | 1.61 | 1.72 |
| Scott OlsonAndrews Kurth LLP | Aug 2011 | Named in a filing | 19 | 0.65 | 0.00 | 1.65 |
| Christopher M. BartoliBaker & McKenzie | Jan 2011 | Named in SEC correspondence | 21 | 0.69 | 0.00 | 1.40 |
| William E. KellyNixon Peabody | Oct 2009 | Named in a filing | 9 | 3.20 | 2.32 | 3.15 |
| Cary K. HydenLatham & Watkins LLP | Jun 2004 | Named in SEC correspondence | 19 | 2.03 | 0.93 | 1.06 |
| Derek D. DundasLatham & Watkins LLP | Jun 2004 | Named in SEC correspondence | 10 | 2.55 | 0.00 | 2.05 |
| Ellen S. BancroftDorsey & Whitney LLP | Jun 2004 | Named in a filing | 26 | 1.55 | 0.61 | 1.44 |
| Scott R. SantagataDorsey & Whitney LLP | Jun 2004 | Named in a filing | 6 | 1.46 | 0.00 | 3.68 |