VERIFONE SYSTEMS, INC. PAY (last ticker on record)
CIK 1312073Its SEC filings (opens in a new tab)
- Restatement
- SEC/DOJ scrutiny
- 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 Mar 2009
- Largest fall in its shares
- —
- None of 95% on record
- Law firms
- 11
- Linked to 5 or more companies
- Lawyers
- 4
- Linked to 5 or more companies
What happened
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- SEC enforcement releaseSEC release (opens in a new tab)
- An SEC release names it, an officer or its stockSEC release (opens in a new tab)
- A filing mentions a Wells noticeForm 10-Q (opens in a new tab)
- 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.
- DLA PiperFirst linked Dec 2010 · Named in SEC correspondence · 1,184 linked companiesSEC/DOJ scrutiny 1.00× · Went dark 0.45× · 95% wipeout 1.20×
- Sullivan & CromwellFirst linked Jan 2005 · Named in SEC correspondence · 1,047 linked companiesSEC/DOJ scrutiny 1.40× · Went dark 0.15× · 95% wipeout 0.69×
- Morris Nichols Arsht & TunnellFirst linked Dec 2010 · Text search only · 256 linked companiesSEC/DOJ scrutiny 1.51× · Went dark 0.21× · 95% wipeout 0.89×
- Richards, Layton & Finger, P.A.First linked Dec 2010 · Text search only · 995 linked companiesSEC/DOJ scrutiny 1.46× · Went dark 0.37× · 95% wipeout 0.80×
- Shearman & SterlingFirst linked Dec 2010 · Text search only · 2,649 linked companiesSEC/DOJ scrutiny 1.21× · Went dark 0.13× · 95% wipeout 0.87×
- Baker & HostetlerFirst linked Sep 2005 · Text search only · 231 linked companiesSEC/DOJ scrutiny 1.11× · Went dark 1.12× · 95% wipeout 1.35×
- Gardere Wynne Sewell LLPFirst linked Sep 2005 · Text search only · 117 linked companiesSEC/DOJ scrutiny 1.13× · Went dark 0.97× · 95% wipeout 1.24×
- Foster PepperFirst linked Feb 2005 · Text search only · 43 linked companiesSEC/DOJ scrutiny 0.81× · Went dark 0.62× · 95% wipeout 1.92×
- Fried FrankFirst linked Feb 2005 · Text search only · 540 linked companiesSEC/DOJ scrutiny 1.33× · Went dark 0.24× · 95% wipeout 0.94×
- Kirkland & EllisFirst linked Feb 2005 · Text search only · 1,686 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.17× · 95% wipeout 0.87×
- Davis PolkFirst linked Jan 2005 · Text search only · 1,694 linked companiesSEC/DOJ scrutiny 1.26× · Went dark 0.06× · 95% wipeout 1.02×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| DLA Piper | Dec 2010 | Named in SEC correspondence | 1,184 | 1.00 | 0.45 | 1.20 |
| Sullivan & Cromwell | Jan 2005 | Named in SEC correspondence | 1,047 | 1.40 | 0.15 | 0.69 |
| Morris Nichols Arsht & Tunnell | Dec 2010 | Text search only | 256 | 1.51 | 0.21 | 0.89 |
| Richards, Layton & Finger, P.A. | Dec 2010 | Text search only | 995 | 1.46 | 0.37 | 0.80 |
| Shearman & Sterling | Dec 2010 | Text search only | 2,649 | 1.21 | 0.13 | 0.87 |
| Baker & Hostetler | Sep 2005 | Text search only | 231 | 1.11 | 1.12 | 1.35 |
| Gardere Wynne Sewell LLP | Sep 2005 | Text search only | 117 | 1.13 | 0.97 | 1.24 |
| Foster Pepper | Feb 2005 | Text search only | 43 | 0.81 | 0.62 | 1.92 |
| Fried Frank | Feb 2005 | Text search only | 540 | 1.33 | 0.24 | 0.94 |
| Kirkland & Ellis | Feb 2005 | Text search only | 1,686 | 0.98 | 0.17 | 0.87 |
| Davis Polk | Jan 2005 | Text search only | 1,694 | 1.26 | 0.06 | 1.02 |
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.
- Steven D. PidgeonDLA PiperFirst linked Jan 2011 · Named in SEC correspondence · 42 linked companiesSEC/DOJ scrutiny 0.90× · Went dark 0.90× · 95% wipeout 1.08×
- RICHARD S. MILLARDMayer BrownFirst linked Dec 2010 · Named in SEC correspondence · 12 linked companiesSEC/DOJ scrutiny 2.21× · Went dark 0.00× · 95% wipeout 0.00×
- Sarah P. PayneSullivan & CromwellFirst linked Dec 2010 · Named in SEC correspondence · 25 linked companiesSEC/DOJ scrutiny 0.87× · Went dark 0.00× · 95% wipeout 0.42×
- Scott D. MillerSullivan & CromwellFirst linked Jan 2005 · Named in SEC correspondence · 47 linked companiesSEC/DOJ scrutiny 2.40× · Went dark 0.00× · 95% wipeout 1.30×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Steven D. PidgeonDLA Piper | Jan 2011 | Named in SEC correspondence | 42 | 0.90 | 0.90 | 1.08 |
| RICHARD S. MILLARDMayer Brown | Dec 2010 | Named in SEC correspondence | 12 | 2.21 | 0.00 | 0.00 |
| Sarah P. PayneSullivan & Cromwell | Dec 2010 | Named in SEC correspondence | 25 | 0.87 | 0.00 | 0.42 |
| Scott D. MillerSullivan & Cromwell | Jan 2005 | Named in SEC correspondence | 47 | 2.40 | 0.00 | 1.30 |