SELLAS Life Sciences Group, Inc. SLS (last ticker on record)

CIK 1390478Its SEC filings (opens in a new tab)

Restatement
SEC/DOJ scrutiny
Restructuring
95% wipeout
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: 4; Newest began Jun 2019
Largest fall in its shares: 99%; Apr 2018 to Jan 2024
Law firms: 13; Linked to 5 or more companies
Lawyers: 12; Linked to 5 or more companies

What happened

Feb 16, 2024Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Dec 8, 2023Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jun 11, 2019Shares down 95% from their high
May 31, 2019Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Oct 17, 2018Debt accelerated (Item 2.04)Form 8-K/A (opens in a new tab)
Oct 5, 2018Debt accelerated (Item 2.04)Form 8-K/A (opens in a new tab)
Oct 2, 2018Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Sep 25, 2017Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Sep 8, 2017A Justice Department statement names it, an officer or its stockJustice Department (opens in a new tab)
Sep 8, 2017A Justice Department statement names it, an officer or its stockJustice Department (opens in a new tab)
Apr 10, 2017SEC administrative actionSEC order (opens in a new tab)
Apr 10, 2017SEC administrative proceedingSEC order (opens in a new tab)
Apr 10, 2017SEC enforcement releaseSEC release (opens in a new tab)
Apr 10, 2017An SEC release names it, an officer or its stockSEC release (opens in a new tab)
Mar 28, 2017Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Aug 16, 2016Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Mar 10, 2016A filing mentions an SEC subpoenaForm 10-K (opens in a new tab)
Feb 25, 2016Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Dec 29, 2015Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
Nov 18, 2011Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Oct 28, 2011Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
May 17, 2011Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Apr 21, 2011Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Apr 5, 2011Exit or disposal costs (Item 2.05)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.

Law firms linked to this company
Name	First linked	How it is known	Linked companies	SEC/DOJ scrutiny	Went dark	95% wipeout
Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.	Apr 2019	Named in SEC correspondence	567	0.92	0.60	1.20
Cooley LLP	Sep 2017	Named in SEC correspondence	1,634	0.71	0.44	1.24
Richards, Layton & Finger, P.A.	Sep 2017	Named in a filing	995	1.46	0.37	0.80
Fredrikson & Byron, P.A.	Jul 2016	Named in SEC correspondence	154	0.55	0.53	1.07
Paul Hastings	Jul 2016	Named in SEC correspondence	768	0.98	0.72	1.09
Hunter Taubman Fischer	May 2013	Named in a filing	251	1.06	1.77	1.12
Ropes & Gray	Oct 2007	Named in SEC correspondence	914	0.98	0.14	0.92
TroyGould PC	Oct 2007	Named in SEC correspondence	125	0.73	1.37	1.25
Duane Morris	Apr 2021	Text search only	413	0.76	1.28	1.06
Conyers Dill & Pearman	Jun 2018	Text search only	531	0.89	0.35	1.16
Perkins Coie	Sep 2017	Text search only	511	0.93	0.27	0.98
LeClairRyan A Professional Corporation	May 2013	Text search only	93	0.77	0.42	1.10
Nelson Mullins	May 2013	Text search only	301	0.50	0.48	0.88

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
Daniel A. BagliebterMintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.	Apr 2019	Named in SEC correspondence	25	2.69	0.00	1.49
Joel I. PapernikMintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.	Apr 2019	Named in a filing	14	0.61	2.47	1.34
Keith D. PisaniPaul Hastings	Sep 2017	Named in SEC correspondence	22	0.32	0.00	0.80
Marianne SarrazinGoodwin Procter	Sep 2017	Named in SEC correspondence	32	0.77	2.86	1.25
Thomas R. PollockPaul Hastings	Sep 2017	Named in a filing	8	2.43	2.63	1.76
Christopher J. MelshaFredrikson & Byron, P.A.	Jul 2016	Named in SEC correspondence	18	0.00	0.00	1.37
Dale E. ShortTroyGould PC	Nov 2007	Named in SEC correspondence	14	2.52	1.42	1.26
Marc A. RubensteinRopes & Gray	Oct 2007	Named in SEC correspondence	48	0.64	0.56	1.22
James T. SeeryDuane Morris	Apr 2021	Text search only	76	0.87	0.00	1.14
Garth OstermanCooley LLP	Sep 2017	Text search only	11	2.28	0.00	1.71
Hunter Taubman WeissHunter Taubman Fischer	May 2013	Text search only	7	2.70	1.91	2.44
Phillip B. KennedyGaeta & Eveson, P.A.	May 2011	Text search only	5	4.41	0.00	1.86