Transocean Ltd. RIG (last ticker on record)

CIK 1451505Its SEC filings (opens in a new tab)

SEC/DOJ scrutiny
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: 3; Newest began Sep 2020
Largest fall in its shares: 98%; Jan 2013 to Oct 2020
Law firms: 12; Linked to 5 or more companies
Lawyers: 15; Linked to 5 or more companies

What happened

Oct 19, 2020Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Oct 7, 2020Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Sep 8, 2020Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Mar 6, 2020Shares down 95% from their high
Feb 26, 2009A filing mentions a formal order of investigationForm 10-K (opens in a new tab)
Feb 26, 2009A filing mentions an SEC subpoenaForm 10-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
White & Case	Sep 2020	Named in a filing	907	1.04	0.33	0.91
Cleary Gottlieb Steen & Hamilton	Oct 2017	Named in SEC correspondence	741	1.31	0.12	0.76
King & Spalding	Oct 2017	Named in SEC correspondence	426	1.28	0.35	1.04
Skadden, Arps, Slate, Meagher & Flom LLP	Mar 2013	Named in SEC correspondence	2,607	1.15	0.19	0.85
Baker Botts L.L.P.	Dec 2008	Named in SEC correspondence	495	1.32	0.09	1.03
Maples and Calder	Sep 2018	Text search only	1,144	0.95	0.26	0.92
Orrick, Herrington & Sutcliffe LLP	Sep 2018	Text search only	500	1.12	0.61	1.08
Fried Frank	Nov 2017	Text search only	540	1.33	0.24	0.94
Bracewell LLP	Oct 2017	Text search only	247	0.93	0.31	1.03
Gibson, Dunn & Crutcher LLP	Oct 2017	Text search only	1,125	1.23	0.20	0.96
Richards, Layton & Finger, P.A.	Aug 2016	Text search only	995	1.46	0.37	0.80
Watson Farley & Williams	Aug 2016	Text search only	93	0.59	0.32	1.37

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
James B. MarshallBaker Botts L.L.P.	Jun 2021	Named in a filing	9	0.00	0.00	1.51
James E. LangstonCleary Gottlieb Steen & Hamilton	Nov 2017	Named in SEC correspondence	20	2.44	0.00	1.00
Alana L. GriffinKing & Spalding	Nov 2017	Named in SEC correspondence	5	0.00	0.00	1.67
Zachary L. CochranKing & Spalding	Nov 2017	Named in SEC correspondence	11	0.96	0.00	0.75
Keith M. TownsendKing & Spalding	Oct 2017	Named in SEC correspondence	58	0.76	0.00	0.30
Andrew J. EricksenBaker Botts L.L.P.	May 2015	Named in a filing	31	0.63	0.00	0.97
Neil P. StronskiSkadden, Arps, Slate, Meagher & Flom LLP	Mar 2013	Named in SEC correspondence	14	1.28	0.00	0.58
Richard J. GrossmanSkadden, Arps, Slate, Meagher & Flom LLP	Mar 2013	Named in SEC correspondence	48	0.33	0.00	0.99
Stephen F. ArcanoSkadden, Arps, Slate, Meagher & Flom LLP	Mar 2013	Named in SEC correspondence	35	1.14	0.00	0.52
David OserBaker Botts L.L.P.	Nov 2009	Named in a filing	6	0.00	—	0.97
James H. MayorBaker Botts L.L.P.	Nov 2009	Named in SEC correspondence	8	1.17	0.00	1.23
Gene J. OshmanBaker Botts L.L.P.	Dec 2008	Named in SEC correspondence	16	1.31	0.00	1.39
John D. GeddesBaker Botts L.L.P.	Dec 2008	Named in a filing	12	2.27	0.00	1.35
George EconomouSeward & Kissel	Sep 2018	Text search only	6	2.88	0.00	4.39
Philip RichterFried Frank	Nov 2017	Text search only	44	1.54	0.00	1.65