TALPHERA, INC. TLPH (last ticker on record)

CIK 1427925Its SEC filings (opens in a new tab)

Restructuring
95% wipeout
Restatement
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: 3; Newest began Mar 2023
Largest fall in its shares: 99%; Mar 2015 to Nov 2023
Law firms: 8; Linked to 5 or more companies
Lawyers: 11; Linked to 5 or more companies

What happened

Mar 13, 2026Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jun 5, 2025Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Dec 11, 2024Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Nov 29, 2024Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Oct 20, 2023Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Apr 28, 2023Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Mar 30, 2023Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Jul 28, 2022Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jun 2, 2022Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
May 9, 2022Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jan 27, 2022Shares down 95% from their high
Dec 3, 2021Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Mar 20, 2015Exit 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
WILMER, CUTLER & PICKERING	Apr 2020	Named in SEC correspondence	662	1.14	0.33	1.26
Cooley LLP	Nov 2010	Named in SEC correspondence	1,634	0.71	0.44	1.24
Morgan Lewis	Nov 2010	Named in SEC correspondence	1,028	1.18	0.31	1.02
HALE AND DORR	Apr 2020	Text search only	665	1.06	0.33	1.26
Latham & Watkins LLP	Jun 2017	Text search only	2,667	0.98	0.31	1.10
DLA Piper	Nov 2010	Text search only	1,184	1.00	0.45	1.20
Gunderson Dettmer	Nov 2010	Text search only	333	1.17	0.66	1.32
Heller Ehrman	Nov 2010	Text search only	256	1.00	0.76	0.96

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
John T. McKennaCooley LLP	Jan 2021	Named in SEC correspondence	97	0.53	0.43	1.10
Christopher D. Barnstable-BrownWILMER, CUTLER & PICKERING	Apr 2020	Named in SEC correspondence	13	1.35	0.00	1.14
David R. AmblerCooley LLP	Nov 2019	Named in SEC correspondence	10	1.02	0.00	1.82
Robert W. PhillipsCooley LLP	Jun 2017	Named in SEC correspondence	40	0.67	1.05	1.02
Marina RemennikCooley LLP	May 2014	Named in a filing	16	0.47	2.49	1.03
Albert LungMorgan Lewis	Feb 2011	Named in SEC correspondence	23	0.48	0.00	1.04
David W. PollakMorgan Lewis	Nov 2010	Named in SEC correspondence	25	0.33	0.00	1.55
Mark B. WeeksCooley LLP	Nov 2010	Named in SEC correspondence	38	0.00	0.61	0.56
Rama PadmanabhanCooley LLP	Apr 2020	Text search only	19	0.00	0.00	1.23
Chad MillsCooley LLP	Dec 2010	Text search only	7	0.00	0.00	0.93
Stephen B. ThauMorrison & Foerster	Nov 2010	Text search only	17	0.50	1.52	1.19