Energy XXI Ltd EXXIQ (last ticker on record)
CIK 1343719Its SEC filings (opens in a new tab)
- 95% wipeout
- Restatement
- 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 Jul 2018
- Largest fall in its shares
- 99%
- Feb 2012 to Apr 2016
- Law firms
- 12
- Linked to 5 or more companies
- Lawyers
- 3
- Linked to 5 or more companies
What happened
- SEC administrative actionSEC order (opens in a new tab)
- An SEC release names it, an officer or its stockSEC release (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
- Debt accelerated (Item 2.04)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)
- Shares down 95% from their high
- 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.
- Vinson & Elkins L.L.P.First linked Oct 2006 · Named in SEC correspondence · 783 linked companiesSEC/DOJ scrutiny 1.09× · Went dark 0.11× · 95% wipeout 1.03×
- Conyers Dill & PearmanFirst linked Apr 2014 · Text search only · 531 linked companiesSEC/DOJ scrutiny 0.89× · Went dark 0.35× · 95% wipeout 1.16×
- Potter Anderson & CorroonFirst linked Apr 2014 · Text search only · 127 linked companiesSEC/DOJ scrutiny 1.41× · Went dark 0.45× · 95% wipeout 0.87×
- Skadden, Arps, Slate, Meagher & Flom LLPFirst linked Apr 2014 · Text search only · 2,607 linked companiesSEC/DOJ scrutiny 1.15× · Went dark 0.19× · 95% wipeout 0.85×
- Shearman & SterlingFirst linked Dec 2009 · Text search only · 2,649 linked companiesSEC/DOJ scrutiny 1.21× · Went dark 0.13× · 95% wipeout 0.87×
- Thompson & KnightFirst linked Jun 2007 · Text search only · 198 linked companiesSEC/DOJ scrutiny 1.03× · Went dark 0.40× · 95% wipeout 1.38×
- Bracewell LLPFirst linked Oct 2006 · Text search only · 247 linked companiesSEC/DOJ scrutiny 0.93× · Went dark 0.31× · 95% wipeout 1.03×
- Bracewell & GuilianiFirst linked Oct 2006 · Text search only · 13 linked companiesSEC/DOJ scrutiny 1.02× · Went dark 1.02× · 95% wipeout 2.24×
- Looper Reed & McGrawFirst linked Oct 2006 · Text search only · 10 linked companiesSEC/DOJ scrutiny 1.26× · Went dark 0.00× · 95% wipeout 1.85×
- Mayer BrownFirst linked Oct 2006 · Text search only · 680 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.34× · 95% wipeout 0.94×
- Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.First linked Oct 2006 · Text search only · 567 linked companiesSEC/DOJ scrutiny 0.92× · Went dark 0.60× · 95% wipeout 1.20×
- Weil, Gotshal & Manges LLPFirst linked Oct 2006 · Text search only · 1,051 linked companiesSEC/DOJ scrutiny 1.31× · Went dark 0.27× · 95% wipeout 0.91×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Vinson & Elkins L.L.P. | Oct 2006 | Named in SEC correspondence | 783 | 1.09 | 0.11 | 1.03 |
| Conyers Dill & Pearman | Apr 2014 | Text search only | 531 | 0.89 | 0.35 | 1.16 |
| Potter Anderson & Corroon | Apr 2014 | Text search only | 127 | 1.41 | 0.45 | 0.87 |
| Skadden, Arps, Slate, Meagher & Flom LLP | Apr 2014 | Text search only | 2,607 | 1.15 | 0.19 | 0.85 |
| Shearman & Sterling | Dec 2009 | Text search only | 2,649 | 1.21 | 0.13 | 0.87 |
| Thompson & Knight | Jun 2007 | Text search only | 198 | 1.03 | 0.40 | 1.38 |
| Bracewell LLP | Oct 2006 | Text search only | 247 | 0.93 | 0.31 | 1.03 |
| Bracewell & Guiliani | Oct 2006 | Text search only | 13 | 1.02 | 1.02 | 2.24 |
| Looper Reed & McGraw | Oct 2006 | Text search only | 10 | 1.26 | 0.00 | 1.85 |
| Mayer Brown | Oct 2006 | Text search only | 680 | 0.98 | 0.34 | 0.94 |
| Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. | Oct 2006 | Text search only | 567 | 0.92 | 0.60 | 1.20 |
| Weil, Gotshal & Manges LLP | Oct 2006 | Text search only | 1,051 | 1.31 | 0.27 | 0.91 |
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.
- Stephen M. GillVinson & Elkins L.L.P.First linked Apr 2014 · Named in a filing · 33 linked companiesSEC/DOJ scrutiny 1.69× · Went dark 0.00× · 95% wipeout 1.17×
- Sarah K. MorganVinson & Elkins L.L.P.First linked Oct 2012 · Named in SEC correspondence · 36 linked companiesSEC/DOJ scrutiny 0.94× · Went dark 0.00× · 95% wipeout 1.17×
- T. Mark KellyVinson & Elkins L.L.P.First linked Jan 2007 · Named in SEC correspondence · 55 linked companiesSEC/DOJ scrutiny 1.64× · Went dark 0.20× · 95% wipeout 1.96×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Stephen M. GillVinson & Elkins L.L.P. | Apr 2014 | Named in a filing | 33 | 1.69 | 0.00 | 1.17 |
| Sarah K. MorganVinson & Elkins L.L.P. | Oct 2012 | Named in SEC correspondence | 36 | 0.94 | 0.00 | 1.17 |
| T. Mark KellyVinson & Elkins L.L.P. | Jan 2007 | Named in SEC correspondence | 55 | 1.64 | 0.20 | 1.96 |