Refco Inc. RFX (last ticker on record)

CIK 1321746Its SEC filings (opens in a new tab)

Restatement
95% wipeout
Bankruptcy
Restructuring
Delisting notice (not a red flag)
SEC/DOJ scrutiny

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 Feb 2008
Largest fall in its shares: 99%; Sep 2005 to Jun 2007
Law firms: 10; Linked to 5 or more companies
Lawyers: 7; Linked to 5 or more companies

What happened

Feb 19, 2008An SEC release names it, an officer or its stockSEC release (opens in a new tab)
Dec 20, 2006Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Jun 5, 2006An SEC release names it, an officer or its stockSEC release (opens in a new tab)
Oct 21, 2005Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Oct 21, 2005Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Oct 21, 2005Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Oct 21, 2005Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Oct 21, 2005Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Oct 18, 2005Shares down 95% from their high
Oct 11, 2005Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Oct 11, 2005Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Jul 1, 2005A filing mentions a formal order of investigationForm 10-K (opens in a new tab)
May 16, 2005A filing mentions a Wells noticeForm 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
Skadden, Arps, Slate, Meagher & Flom LLP	Jan 2006	Named in SEC correspondence	2,607	1.15	0.19	0.85
Weil, Gotshal & Manges LLP	Oct 2004	Named in SEC correspondence	1,051	1.31	0.27	0.91
Vinson & Elkins L.L.P.	Mar 2005	Text search only	783	1.09	0.11	1.03
Latham & Watkins LLP	Dec 2004	Text search only	2,667	0.98	0.31	1.10
Shearman & Sterling	Dec 2004	Text search only	2,649	1.21	0.13	0.87
Cravath Swaine & Moore	Oct 2004	Text search only	839	1.29	0.03	0.85
Davis Polk	Oct 2004	Text search only	1,694	1.26	0.06	1.02
Epstein Becker & Green	Oct 2004	Text search only	115	1.44	1.35	1.14
Mayer Brown	Oct 2004	Text search only	680	0.98	0.34	0.94
McDermott Will & Emery	Oct 2004	Text search only	562	0.97	0.60	1.14

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
David C. InglesSkadden, Arps, Slate, Meagher & Flom LLP	Jan 2006	Named in SEC correspondence	14	0.64	0.00	0.00
Alexander D. LynchWeil, Gotshal & Manges LLP	Oct 2004	Named in SEC correspondence	115	1.18	0.33	1.45
Todd R. ChandlerWeil, Gotshal & Manges LLP	Oct 2004	Named in SEC correspondence	38	0.35	0.00	0.78
Alex LynchWeil, Gotshal & Manges LLP	Aug 2005	Text search only	14	2.50	0.00	1.67
George A. StephanakisCravath Swaine & Moore	Oct 2004	Text search only	19	2.57	0.00	1.89
James WestraHUTCHINS, WHEELER & DITTMAR	Oct 2004	Text search only	18	0.46	0.00	0.59
R. Jay TaborWeil, Gotshal & Manges LLP	Oct 2004	Text search only	9	0.91	0.00	2.74