ARDELYX, INC. ARDX (last ticker on record)
CIK 1437402Its SEC filings (opens in a new tab)
- 95% wipeout
- Restructuring
- 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
- 2
- Newest began Aug 2021
- Largest fall in its shares
- 98%
- Dec 2014 to Jun 2022
- Law firms
- 5
- Linked to 5 or more companies
- Lawyers
- 8
- Linked to 5 or more companies
What happened
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
- Exit or disposal costs (Item 2.05)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.
- Latham & Watkins LLPFirst linked Apr 2014 · Named in SEC correspondence · 2,667 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.31× · 95% wipeout 1.10×
- Ropes & GrayFirst linked Apr 2014 · Named in SEC correspondence · 914 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.14× · 95% wipeout 0.92×
- Davis PolkFirst linked Jul 2020 · Text search only · 1,694 linked companiesSEC/DOJ scrutiny 1.26× · Went dark 0.06× · 95% wipeout 1.02×
- Reed SmithFirst linked Jul 2015 · Text search only · 487 linked companiesSEC/DOJ scrutiny 1.15× · Went dark 0.77× · 95% wipeout 1.13×
- Cooley LLPFirst linked Jun 2014 · Text search only · 1,634 linked companiesSEC/DOJ scrutiny 0.71× · Went dark 0.44× · 95% wipeout 1.24×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Latham & Watkins LLP | Apr 2014 | Named in SEC correspondence | 2,667 | 0.98 | 0.31 | 1.10 |
| Ropes & Gray | Apr 2014 | Named in SEC correspondence | 914 | 0.98 | 0.14 | 0.92 |
| Davis Polk | Jul 2020 | Text search only | 1,694 | 1.26 | 0.06 | 1.02 |
| Reed Smith | Jul 2015 | Text search only | 487 | 1.15 | 0.77 | 1.13 |
| Cooley LLP | Jun 2014 | Text search only | 1,634 | 0.71 | 0.44 | 1.24 |
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.
- John C. WilliamsLatham & Watkins LLPFirst linked Mar 2023 · Named in a filing · 21 linked companiesSEC/DOJ scrutiny 0.66× · Went dark 0.00× · 95% wipeout 0.24×
- Alexander T. WhiteLatham & Watkins LLPFirst linked Jul 2020 · Named in SEC correspondence · 8 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 2.46×
- Alan C. MendelsonLatham & Watkins LLPFirst linked Apr 2014 · Named in SEC correspondence · 95 linked companiesSEC/DOJ scrutiny 0.60× · Went dark 0.19× · 95% wipeout 1.35×
- Brian J. CuneoLatham & Watkins LLPFirst linked Apr 2014 · Named in SEC correspondence · 71 linked companiesSEC/DOJ scrutiny 0.54× · Went dark 0.00× · 95% wipeout 1.81×
- David J. SaulWilson Sonsini Goodrich & RosatiFirst linked Apr 2014 · Named in SEC correspondence · 20 linked companiesSEC/DOJ scrutiny 0.76× · Went dark 0.80× · 95% wipeout 1.31×
- Mark V. RoederLatham & Watkins LLPFirst linked Apr 2014 · Named in SEC correspondence · 50 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 1.32×
- Stephen SalmonDavis PolkFirst linked Jul 2020 · Text search only · 26 linked companiesSEC/DOJ scrutiny 1.26× · Went dark 0.00× · 95% wipeout 1.47×
- Daniel I. GoldbergCooley LLPFirst linked Jul 2015 · Text search only · 184 linked companiesSEC/DOJ scrutiny 0.64× · Went dark 0.00× · 95% wipeout 1.03×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| John C. WilliamsLatham & Watkins LLP | Mar 2023 | Named in a filing | 21 | 0.66 | 0.00 | 0.24 |
| Alexander T. WhiteLatham & Watkins LLP | Jul 2020 | Named in SEC correspondence | 8 | 0.00 | 0.00 | 2.46 |
| Alan C. MendelsonLatham & Watkins LLP | Apr 2014 | Named in SEC correspondence | 95 | 0.60 | 0.19 | 1.35 |
| Brian J. CuneoLatham & Watkins LLP | Apr 2014 | Named in SEC correspondence | 71 | 0.54 | 0.00 | 1.81 |
| David J. SaulWilson Sonsini Goodrich & Rosati | Apr 2014 | Named in SEC correspondence | 20 | 0.76 | 0.80 | 1.31 |
| Mark V. RoederLatham & Watkins LLP | Apr 2014 | Named in SEC correspondence | 50 | 0.00 | 0.00 | 1.32 |
| Stephen SalmonDavis Polk | Jul 2020 | Text search only | 26 | 1.26 | 0.00 | 1.47 |
| Daniel I. GoldbergCooley LLP | Jul 2015 | Text search only | 184 | 0.64 | 0.00 | 1.03 |