IGC Pharma, Inc. IGC (last ticker on record)
CIK 1326205Its SEC filings (opens in a new tab)
- Restatement
- 95% wipeout
- 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
- 3
- Newest began Dec 2020
- Largest fall in its shares
- 99%
- Dec 2007 to Oct 2015
- Law firms
- 5
- Linked to 5 or more companies
- Lawyers
- 9
- Linked to 5 or more companies
What happened
- SEC administrative actionSEC order (opens in a new tab)
- SEC administrative proceedingSEC order (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)
- 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)
- 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)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Shares down 95% from their high
- 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)
- 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)
- 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.
- Olshan Frome Wolosky LLPFirst linked Nov 2014 · Named in SEC correspondence · 390 linked companiesSEC/DOJ scrutiny 1.38× · Went dark 0.86× · 95% wipeout 1.22×
- Don A. ParadisoFirst linked Dec 2012 · Named in a filing · 8 linked companiesSEC/DOJ scrutiny 1.07× · Went dark 0.00× · 95% wipeout 0.00×
- Shulman Rogers, P.A.First linked Mar 2012 · Named in SEC correspondence · 25 linked companiesSEC/DOJ scrutiny 2.71× · Went dark 1.26× · 95% wipeout 1.16×
- Seyfarth ShawFirst linked May 2005 · Named in SEC correspondence · 102 linked companiesSEC/DOJ scrutiny 1.57× · Went dark 1.38× · 95% wipeout 1.25×
- Whiteman Osterman & HannaFirst linked Jul 2005 · Text search only · 10 linked companiesSEC/DOJ scrutiny 1.01× · Went dark 0.00× · 95% wipeout 2.03×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Olshan Frome Wolosky LLP | Nov 2014 | Named in SEC correspondence | 390 | 1.38 | 0.86 | 1.22 |
| Don A. Paradiso | Dec 2012 | Named in a filing | 8 | 1.07 | 0.00 | 0.00 |
| Shulman Rogers, P.A. | Mar 2012 | Named in SEC correspondence | 25 | 2.71 | 1.26 | 1.16 |
| Seyfarth Shaw | May 2005 | Named in SEC correspondence | 102 | 1.57 | 1.38 | 1.25 |
| Whiteman Osterman & Hanna | Jul 2005 | Text search only | 10 | 1.01 | 0.00 | 2.03 |
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.
- Spencer G. FeldmanOlshan Frome Wolosky LLPFirst linked Jan 2015 · Named in SEC correspondence · 70 linked companiesSEC/DOJ scrutiny 2.25× · Went dark 1.65× · 95% wipeout 1.59×
- Don A. ParadisoDon A. ParadisoFirst linked Dec 2012 · Named in a filing · 6 linked companiesSEC/DOJ scrutiny 1.30× · Went dark 0.00× · 95% wipeout 0.00×
- Debbie A. KlisRimon P.C.First linked Mar 2012 · Named in SEC correspondence · 23 linked companiesSEC/DOJ scrutiny 1.76× · Went dark 0.00× · 95% wipeout 1.10×
- Scott D. MuselesShulman Rogers, P.A.First linked Mar 2012 · Named in SEC correspondence · 11 linked companiesSEC/DOJ scrutiny 2.45× · Went dark 0.00× · 95% wipeout 1.72×
- Mark A. KatzoffSeyfarth ShawFirst linked Mar 2006 · Named in SEC correspondence · 5 linked companiesSEC/DOJ scrutiny 2.95× · Went dark 3.10× · 95% wipeout 4.41×
- Michael E. BlountSeyfarth ShawFirst linked May 2005 · Named in SEC correspondence · 5 linked companiesSEC/DOJ scrutiny 2.68× · Went dark 2.26× · 95% wipeout 1.55×
- Kenneth A. SchlesingerOlshan Frome Wolosky LLPFirst linked Sep 2023 · Text search only · 47 linked companiesSEC/DOJ scrutiny 1.52× · Went dark 0.47× · 95% wipeout 0.86×
- Kristin J. AngelinoGersten Savage LLPFirst linked Nov 2005 · Text search only · 12 linked companiesSEC/DOJ scrutiny 1.98× · Went dark 1.80× · 95% wipeout 1.01×
- Jay M. KaplowitzGersten Savage LLPFirst linked May 2005 · Text search only · 43 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.78× · 95% wipeout 1.00×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Spencer G. FeldmanOlshan Frome Wolosky LLP | Jan 2015 | Named in SEC correspondence | 70 | 2.25 | 1.65 | 1.59 |
| Don A. ParadisoDon A. Paradiso | Dec 2012 | Named in a filing | 6 | 1.30 | 0.00 | 0.00 |
| Debbie A. KlisRimon P.C. | Mar 2012 | Named in SEC correspondence | 23 | 1.76 | 0.00 | 1.10 |
| Scott D. MuselesShulman Rogers, P.A. | Mar 2012 | Named in SEC correspondence | 11 | 2.45 | 0.00 | 1.72 |
| Mark A. KatzoffSeyfarth Shaw | Mar 2006 | Named in SEC correspondence | 5 | 2.95 | 3.10 | 4.41 |
| Michael E. BlountSeyfarth Shaw | May 2005 | Named in SEC correspondence | 5 | 2.68 | 2.26 | 1.55 |
| Kenneth A. SchlesingerOlshan Frome Wolosky LLP | Sep 2023 | Text search only | 47 | 1.52 | 0.47 | 0.86 |
| Kristin J. AngelinoGersten Savage LLP | Nov 2005 | Text search only | 12 | 1.98 | 1.80 | 1.01 |
| Jay M. KaplowitzGersten Savage LLP | May 2005 | Text search only | 43 | 0.98 | 0.78 | 1.00 |