China Shenghuo Pharmaceutical Holdings Inc KUN (last ticker on record)
CIK 1335106Its SEC filings (opens in a new tab)
- Restatement
- 95% wipeout
- 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
- 3
- Newest began Aug 2009
- Largest fall in its shares
- 99%
- Oct 2007 to May 2012
- Law firms
- 8
- Linked to 5 or more companies
- Lawyers
- 6
- Linked to 5 or more companies
What happened
- 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)
- Far more SEC letters than usualSEC letter (opens in a new tab)
- A filing mentions cooperating with the SECForm 10-Q (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/A (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K/A (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/A (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.
- Pryor CashmanFirst linked Oct 2009 · Named in SEC correspondence · 229 linked companiesSEC/DOJ scrutiny 1.28× · Went dark 1.25× · 95% wipeout 1.28×
- Kramer Levin NaftalisFirst linked Sep 2008 · Named in SEC correspondence · 304 linked companiesSEC/DOJ scrutiny 0.95× · Went dark 0.68× · 95% wipeout 1.16×
- K&L GatesFirst linked Jan 2006 · Named in a filing · 723 linked companiesSEC/DOJ scrutiny 1.06× · Went dark 1.35× · 95% wipeout 1.18×
- Feldman WeinsteinFirst linked Aug 2005 · Named in a filing · 278 linked companiesSEC/DOJ scrutiny 0.92× · Went dark 1.17× · 95% wipeout 1.20×
- SEC ATTORNEYSFirst linked Oct 2009 · Text search only · 31 linked companiesSEC/DOJ scrutiny 1.18× · Went dark 1.73× · 95% wipeout 0.56×
- Tian Yuan Law FirmFirst linked Jun 2007 · Text search only · 75 linked companiesSEC/DOJ scrutiny 1.99× · Went dark 2.01× · 95% wipeout 1.34×
- Preston Gates & EllisFirst linked Feb 2007 · Text search only · 159 linked companiesSEC/DOJ scrutiny 1.36× · Went dark 1.62× · 95% wipeout 1.44×
- Ropes & GrayFirst linked Dec 2006 · Text search only · 914 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.14× · 95% wipeout 0.92×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Pryor Cashman | Oct 2009 | Named in SEC correspondence | 229 | 1.28 | 1.25 | 1.28 |
| Kramer Levin Naftalis | Sep 2008 | Named in SEC correspondence | 304 | 0.95 | 0.68 | 1.16 |
| K&L Gates | Jan 2006 | Named in a filing | 723 | 1.06 | 1.35 | 1.18 |
| Feldman Weinstein | Aug 2005 | Named in a filing | 278 | 0.92 | 1.17 | 1.20 |
| SEC ATTORNEYS | Oct 2009 | Text search only | 31 | 1.18 | 1.73 | 0.56 |
| Tian Yuan Law Firm | Jun 2007 | Text search only | 75 | 1.99 | 2.01 | 1.34 |
| Preston Gates & Ellis | Feb 2007 | Text search only | 159 | 1.36 | 1.62 | 1.44 |
| Ropes & Gray | Dec 2006 | Text search only | 914 | 0.98 | 0.14 | 0.92 |
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.
- Eric M. LernerROSENMAN & COLIN LLPFirst linked Sep 2008 · Named in SEC correspondence · 8 linked companiesSEC/DOJ scrutiny 0.86× · Went dark 1.96× · 95% wipeout 2.81×
- Scott S. RosenblumKramer Levin NaftalisFirst linked Sep 2008 · Named in SEC correspondence · 21 linked companiesSEC/DOJ scrutiny 0.77× · Went dark 0.41× · 95% wipeout 1.40×
- Anh Q. TranK&L GatesFirst linked Sep 2006 · Named in a filing · 12 linked companiesSEC/DOJ scrutiny 2.54× · Went dark 1.32× · 95% wipeout 1.78×
- Thomas J. PolettiK&L GatesFirst linked Sep 2006 · Named in SEC correspondence · 71 linked companiesSEC/DOJ scrutiny 1.51× · Went dark 1.24× · 95% wipeout 1.75×
- David N. FeldmanFeldman WeinsteinFirst linked Aug 2005 · Named in a filing · 145 linked companiesSEC/DOJ scrutiny 0.47× · Went dark 0.48× · 95% wipeout 1.16×
- Randall S. GouldingFirst linked Sep 2006 · Text search only · 21 linked companiesSEC/DOJ scrutiny 3.12× · Went dark 1.41× · 95% wipeout 2.33×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Eric M. LernerROSENMAN & COLIN LLP | Sep 2008 | Named in SEC correspondence | 8 | 0.86 | 1.96 | 2.81 |
| Scott S. RosenblumKramer Levin Naftalis | Sep 2008 | Named in SEC correspondence | 21 | 0.77 | 0.41 | 1.40 |
| Anh Q. TranK&L Gates | Sep 2006 | Named in a filing | 12 | 2.54 | 1.32 | 1.78 |
| Thomas J. PolettiK&L Gates | Sep 2006 | Named in SEC correspondence | 71 | 1.51 | 1.24 | 1.75 |
| David N. FeldmanFeldman Weinstein | Aug 2005 | Named in a filing | 145 | 0.47 | 0.48 | 1.16 |
| Randall S. Goulding | Sep 2006 | Text search only | 21 | 3.12 | 1.41 | 2.33 |