Kartoon Studios, Inc. TOON (last ticker on record)

CIK 1355848Its SEC filings (opens in a new tab)

95% wipeout
Delisting notice (not a red flag)
Restatement

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: 2; Newest began Apr 2024
Largest fall in its shares: 99%; Feb 2013 to Aug 2023
Law firms: 9; Linked to 5 or more companies
Lawyers: 17; Linked to 5 or more companies

What happened

Apr 9, 2024Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Mar 18, 2021Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Sep 6, 2019Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jun 14, 2019Shares 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.

Law firms linked to this company
Name	First linked	How it is known	Linked companies	SEC/DOJ scrutiny	Went dark	95% wipeout
Blank Rome	Sep 2024	Named in SEC correspondence	348	1.04	0.79	1.36
Flangas Law Group	Jul 2023	Named in a filing	16	1.05	1.51	1.06
Reed Smith	Jul 2023	Named in SEC correspondence	487	1.15	0.77	1.13
Vinson & Elkins L.L.P.	Sep 2020	Named in SEC correspondence	783	1.09	0.11	1.03
Woodburn and Wedge	Sep 2020	Named in a filing	62	1.51	1.15	1.12
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.	Sep 2016	Named in SEC correspondence	567	0.92	0.60	1.20
Ellenoff Grossman & Schole LLP	Aug 2015	Named in SEC correspondence	963	0.96	1.12	1.21
Sichenzia Ross Ference LLP	Jul 2012	Named in SEC correspondence	1,005	1.27	1.62	1.26
Loeb & Loeb LLP	Jun 2014	Text search only	838	0.92	0.99	1.10

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
Leslie MarlowBlank Rome	Sep 2024	Named in SEC correspondence	71	0.58	2.60	1.43
Melissa Palat MurawskyBlank Rome	Sep 2024	Named in SEC correspondence	29	2.06	0.00	1.03
Jeffrey G. AromatorioReed Smith	Jun 2024	Named in a filing	30	1.87	0.00	0.92
Anthony J. MarsicoGreenberg Traurig	Dec 2023	Named in a filing	33	0.38	3.57	1.29
Michael S. LeeReed Smith	Nov 2023	Named in SEC correspondence	18	1.65	0.00	1.39
Mark G. PedrettiReed Smith	Jul 2023	Named in a filing	10	3.61	0.00	1.13
Julia L. PettyCleary Gottlieb Steen & Hamilton	Nov 2020	Named in a filing	5	0.00	0.00	0.00
Gregg P. BarnardWoodburn and Wedge	Sep 2020	Named in a filing	26	1.66	0.39	1.30
Lawrence S. ElbaumVinson & Elkins L.L.P.	Sep 2020	Named in SEC correspondence	26	1.17	0.00	0.80
Zachary BlumenthalRobinson Brog	Aug 2019	Named in SEC correspondence	7	1.22	0.00	2.63
Sarah E. WilliamsEllenoff Grossman & Schole LLP	Jul 2019	Named in SEC correspondence	36	0.72	1.81	1.02
Jeffrey P. SchultzMintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.	Nov 2016	Named in SEC correspondence	46	2.10	0.66	1.53
Kenneth R. KochMintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.	Sep 2016	Named in SEC correspondence	63	1.72	0.67	1.86
Jeff CahlonSichenzia Ross Ference LLP	Dec 2015	Named in a filing	65	1.30	1.41	1.24
Tara Guarneri-FerraraSichenzia Ross Ference LLP	Jul 2014	Named in SEC correspondence	10	0.88	0.00	1.26
Harvey J. KesnerSichenzia Ross Ference LLP	Sep 2013	Named in SEC correspondence	67	1.02	0.90	1.50
Gregory SichenziaSichenzia Ross Ference LLP	Jul 2012	Named in a filing	267	1.06	1.46	1.24