Basin Water, Inc. BWTR (last ticker on record)
CIK 1352045Its SEC filings (opens in a new tab)
- Delisting notice (not a red flag)
- 95% wipeout
- Restatement
- Bankruptcy
- Went dark (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
- 4
- Newest began Sep 2017
- Largest fall in its shares
- 99%
- May 2006 to Dec 2009
- Law firms
- 6
- Linked to 5 or more companies
- Lawyers
- 2
- Linked to 5 or more companies
What happened
- An SEC release names it, an officer or its stockSEC release (opens in a new tab)
- An SEC release names it, an officer or its stockSEC release (opens in a new tab)
- SEC action against a company that stopped filingSEC order (opens in a new tab)
- SEC trading suspensionSEC order (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)
- A filing mentions cooperating with the SECForm 10-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)
- Shares down 95% from their high
- 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)
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.
- Latham & Watkins LLPFirst linked Feb 2006 · Named in SEC correspondence · 2,667 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.31× · 95% wipeout 1.10×
- Ballard SpahrFirst linked Feb 2006 · Text search only · 492 linked companiesSEC/DOJ scrutiny 1.23× · Went dark 1.06× · 95% wipeout 0.73×
- Dickinson WrightFirst linked Feb 2006 · Text search only · 104 linked companiesSEC/DOJ scrutiny 1.20× · Went dark 1.73× · 95% wipeout 1.43×
- Horgan, Rosen, Beckham & Coren, L.L.P.First linked Feb 2006 · Text search only · 17 linked companiesSEC/DOJ scrutiny 0.59× · Went dark 0.87× · 95% wipeout 1.46×
- Morgan LewisFirst linked Feb 2006 · Text search only · 1,028 linked companiesSEC/DOJ scrutiny 1.18× · Went dark 0.31× · 95% wipeout 1.02×
- Paul HastingsFirst linked Feb 2006 · Text search only · 768 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.72× · 95% wipeout 1.09×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Latham & Watkins LLP | Feb 2006 | Named in SEC correspondence | 2,667 | 0.98 | 0.31 | 1.10 |
| Ballard Spahr | Feb 2006 | Text search only | 492 | 1.23 | 1.06 | 0.73 |
| Dickinson Wright | Feb 2006 | Text search only | 104 | 1.20 | 1.73 | 1.43 |
| Horgan, Rosen, Beckham & Coren, L.L.P. | Feb 2006 | Text search only | 17 | 0.59 | 0.87 | 1.46 |
| Morgan Lewis | Feb 2006 | Text search only | 1,028 | 1.18 | 0.31 | 1.02 |
| Paul Hastings | Feb 2006 | Text search only | 768 | 0.98 | 0.72 | 1.09 |
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.
- Brian D. DoernerBallard SpahrFirst linked Feb 2006 · Text search only · 5 linked companiesSEC/DOJ scrutiny 1.45× · Went dark 5.34× · 95% wipeout 3.79×
- Stephen A. JannettaMorgan LewisFirst linked Feb 2006 · Text search only · 7 linked companiesSEC/DOJ scrutiny 0.92× · Went dark 2.37× · 95% wipeout 2.30×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Brian D. DoernerBallard Spahr | Feb 2006 | Text search only | 5 | 1.45 | 5.34 | 3.79 |
| Stephen A. JannettaMorgan Lewis | Feb 2006 | Text search only | 7 | 0.92 | 2.37 | 2.30 |