LONGTOP FINANCIAL TECHNOLOGIES LTD LFT_OLD (last ticker on record)
CIK 1412494Its SEC filings (opens in a new tab)
- Went dark (not a red flag)
- 95% wipeout
- 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
- 2
- Newest began Mar 2018
- Largest fall in its shares
- 97%
- Aug 2011 to Dec 2011
- Law firms
- 8
- Linked to 5 or more companies
- Lawyers
- 2
- Linked to 5 or more companies
What happened
- SEC administrative actionSEC order (opens in a new tab)
- Shares down 95% from their high
- SEC action against a company that stopped filingSEC order (opens in a new tab)
- A filing mentions a Wells noticeForm 6-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.
- Conyers Dill & PearmanFirst linked Oct 2007 · Named in a filing · 531 linked companiesSEC/DOJ scrutiny 0.89× · Went dark 0.35× · 95% wipeout 1.16×
- Global Law OfficeFirst linked Oct 2007 · Named in a filing · 67 linked companiesSEC/DOJ scrutiny 1.06× · Went dark 0.80× · 95% wipeout 1.14×
- Goulston & StorrsFirst linked Oct 2007 · Named in SEC correspondence · 86 linked companiesSEC/DOJ scrutiny 0.90× · Went dark 0.34× · 95% wipeout 1.33×
- Latham & Watkins LLPFirst linked Oct 2007 · Named in a filing · 2,667 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.31× · 95% wipeout 1.10×
- White & CaseFirst linked Oct 2007 · Text search only · 907 linked companiesSEC/DOJ scrutiny 1.04× · Went dark 0.33× · 95% wipeout 0.91×
- Gunderson DettmerFirst linked Oct 2007 · Text search only · 333 linked companiesSEC/DOJ scrutiny 1.17× · Went dark 0.66× · 95% wipeout 1.32×
- Heller EhrmanFirst linked Oct 2007 · Text search only · 256 linked companiesSEC/DOJ scrutiny 1.00× · Went dark 0.76× · 95% wipeout 0.96×
- Jones DayFirst linked Oct 2007 · Text search only · 686 linked companiesSEC/DOJ scrutiny 1.25× · Went dark 0.54× · 95% wipeout 1.12×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Conyers Dill & Pearman | Oct 2007 | Named in a filing | 531 | 0.89 | 0.35 | 1.16 |
| Global Law Office | Oct 2007 | Named in a filing | 67 | 1.06 | 0.80 | 1.14 |
| Goulston & Storrs | Oct 2007 | Named in SEC correspondence | 86 | 0.90 | 0.34 | 1.33 |
| Latham & Watkins LLP | Oct 2007 | Named in a filing | 2,667 | 0.98 | 0.31 | 1.10 |
| White & Case | Oct 2007 | Text search only | 907 | 1.04 | 0.33 | 0.91 |
| Gunderson Dettmer | Oct 2007 | Text search only | 333 | 1.17 | 0.66 | 1.32 |
| Heller Ehrman | Oct 2007 | Text search only | 256 | 1.00 | 0.76 | 0.96 |
| Jones Day | Oct 2007 | Text search only | 686 | 1.25 | 0.54 | 1.12 |
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.
- David T. ZhangKirkland & EllisFirst linked Oct 2007 · Named in a filing · 118 linked companiesSEC/DOJ scrutiny 1.03× · Went dark 0.61× · 95% wipeout 1.22×
- Timothy B. BancroftGoulston & StorrsFirst linked Oct 2007 · Named in SEC correspondence · 14 linked companiesSEC/DOJ scrutiny 0.91× · Went dark 1.91× · 95% wipeout 0.69×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| David T. ZhangKirkland & Ellis | Oct 2007 | Named in a filing | 118 | 1.03 | 0.61 | 1.22 |
| Timothy B. BancroftGoulston & Storrs | Oct 2007 | Named in SEC correspondence | 14 | 0.91 | 1.91 | 0.69 |