2U, LLC TWOU (last ticker on record)

CIK 1459417Its SEC filings (opens in a new tab)

Restructuring
95% wipeout
Delisting notice (not a red flag)
Bankruptcy

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 Jul 2024
Largest fall in its shares: 99%; May 2018 to Sep 2024
Law firms: 6; Linked to 5 or more companies
Lawyers: 13; Linked to 5 or more companies

What happened

Sep 10, 2024Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Aug 1, 2024Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jul 25, 2024Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Jul 25, 2024Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Mar 15, 2024Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
May 1, 2023Shares down 95% from their high
Jul 28, 2022Exit 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
Paul Hastings	Sep 2021	Named in SEC correspondence	768	0.98	0.72	1.09
Latham & Watkins LLP	Sep 2019	Named in SEC correspondence	2,667	0.98	0.31	1.10
Skadden, Arps, Slate, Meagher & Flom LLP	Sep 2015	Named in SEC correspondence	2,607	1.15	0.19	0.85
Cooley LLP	Dec 2013	Named in SEC correspondence	1,634	0.71	0.44	1.24
Goodwin Procter	Dec 2013	Named in SEC correspondence	1,221	0.79	0.31	1.17
Lowenstein Sandler	Dec 2013	Text search only	297	1.12	0.70	1.42

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
Christopher J. ClarkLatham & Watkins LLP	Sep 2024	Named in a filing	14	0.00	0.00	1.95
Gil SavirPaul Hastings	Mar 2024	Named in SEC correspondence	17	1.65	0.00	0.42
Richard L. OliverSkadden, Arps, Slate, Meagher & Flom LLP	Apr 2023	Named in SEC correspondence	6	0.00	0.00	1.29
Brandon J. BortnerPaul Hastings	Sep 2019	Named in SEC correspondence	36	1.20	1.54	1.32
Erica SchohnSkadden, Arps, Slate, Meagher & Flom LLP	Dec 2017	Named in a filing	8	2.44	0.00	1.91
Andrea L. NicolasSkadden, Arps, Slate, Meagher & Flom LLP	Sep 2015	Named in a filing	33	1.41	0.00	1.43
Brent B. SilerCooley LLP	Dec 2013	Named in SEC correspondence	51	0.40	0.57	1.70
Brian F. LeafCooley LLP	Dec 2013	Named in SEC correspondence	43	0.00	0.00	1.25
Darren K. DeStefanoCooley LLP	Dec 2013	Named in SEC correspondence	43	0.00	0.00	1.32
Gregg L. KatzGoodwin Procter	Dec 2013	Named in SEC correspondence	20	0.48	0.00	1.81
Michael J. MinahanGoodwin Procter	Dec 2013	Named in SEC correspondence	31	1.61	0.91	1.80
William J. SchnoorGoodwin Procter	Dec 2013	Named in SEC correspondence	23	0.58	0.00	1.14
Anthony O. PergolaLowenstein Sandler	Dec 2013	Text search only	11	0.00	0.00	1.15