Silver State Bancorp SSBX (last ticker on record)
CIK 1362719Its SEC filings (opens in a new tab)
- 95% wipeout
- Delisting notice (not a red flag)
- Bankruptcy
- Restructuring
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 Sep 2008
- Largest fall in its shares
- 99%
- Jun 2007 to Feb 2009
- Law firms
- 2
- Linked to 5 or more companies
- Lawyers
- 3
- Linked to 5 or more companies
What happened
- Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
- Bankruptcy or receivership (Item 1.03)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
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.
- [Thacher Proffitt LLP Letterhead]First linked Apr 2007 · Named in SEC correspondence · 197 linked companiesSEC/DOJ scrutiny 0.73× · Went dark 0.10× · 95% wipeout 0.61×
- Vorys, Sater, Seymour and Pease LLPFirst linked May 2007 · Text search only · 147 linked companiesSEC/DOJ scrutiny 1.13× · Went dark 0.16× · 95% wipeout 0.99×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| [Thacher Proffitt LLP Letterhead] | Apr 2007 | Named in SEC correspondence | 197 | 0.73 | 0.10 | 0.61 |
| Vorys, Sater, Seymour and Pease LLP | May 2007 | Text search only | 147 | 1.13 | 0.16 | 0.99 |
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.
- Robert C. Azarow[Thacher Proffitt LLP Letterhead]First linked Apr 2007 · Named in SEC correspondence · 15 linked companiesSEC/DOJ scrutiny 1.06× · Went dark 2.88× · 95% wipeout 1.45×
- Francis X. GradyGrady & AssociatesFirst linked May 2007 · Text search only · 5 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 1.17×
- JOHN C. VORYSVorys, Sater, Seymour and Pease LLPFirst linked May 2007 · Text search only · 11 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 0.73×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Robert C. Azarow[Thacher Proffitt LLP Letterhead] | Apr 2007 | Named in SEC correspondence | 15 | 1.06 | 2.88 | 1.45 |
| Francis X. GradyGrady & Associates | May 2007 | Text search only | 5 | 0.00 | 0.00 | 1.17 |
| JOHN C. VORYSVorys, Sater, Seymour and Pease LLP | May 2007 | Text search only | 11 | 0.00 | 0.00 | 0.73 |