Atlantic Southern Financial Group, Inc. ASFN (last ticker on record)
CIK 1313730Its SEC filings (opens in a new tab)
- 95% wipeout
- Delisting notice (not a red flag)
- Bankruptcy
- Went dark (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 May 2011
- Largest fall in its shares
- 98%
- Jun 2007 to Dec 2010
- Law firms
- 3
- Linked to 5 or more companies
- Lawyers
- 2
- Linked to 5 or more companies
What happened
- SEC action against a company that stopped filingSEC order (opens in a new tab)
- Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
- 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)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Shares 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.
- Nelson MullinsFirst linked Nov 2006 · Named in a filing · 301 linked companiesSEC/DOJ scrutiny 0.50× · Went dark 0.48× · 95% wipeout 0.88×
- Troutman Sanders LLPFirst linked Oct 2006 · Named in a filing · 335 linked companiesSEC/DOJ scrutiny 1.15× · Went dark 0.61× · 95% wipeout 1.16×
- Powell GoldsteinFirst linked Jan 2006 · Named in SEC correspondence · 196 linked companiesSEC/DOJ scrutiny 0.71× · Went dark 0.48× · 95% wipeout 0.65×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Nelson Mullins | Nov 2006 | Named in a filing | 301 | 0.50 | 0.48 | 0.88 |
| Troutman Sanders LLP | Oct 2006 | Named in a filing | 335 | 1.15 | 0.61 | 1.16 |
| Powell Goldstein | Jan 2006 | Named in SEC correspondence | 196 | 0.71 | 0.48 | 0.65 |
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.
- Thomas O. PowellTroutman Sanders LLPFirst linked Oct 2006 · Named in a filing · 19 linked companiesSEC/DOJ scrutiny 0.87× · Went dark 0.89× · 95% wipeout 3.65×
- M. Todd WadePowell GoldsteinFirst linked Jan 2006 · Named in SEC correspondence · 9 linked companiesSEC/DOJ scrutiny 1.13× · Went dark 1.42× · 95% wipeout 2.43×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Thomas O. PowellTroutman Sanders LLP | Oct 2006 | Named in a filing | 19 | 0.87 | 0.89 | 3.65 |
| M. Todd WadePowell Goldstein | Jan 2006 | Named in SEC correspondence | 9 | 1.13 | 1.42 | 2.43 |