DIGILITI MONEY GROUP, INC. DGLT (last ticker on record)

CIK 1487906Its SEC filings (opens in a new tab)

Restructuring
Restatement
Delisting notice (not a red flag)
95% wipeout
Went dark (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 Nov 2017
Largest fall in its shares: 99%; Jun 2017 to May 2018
Law firms: 9; Linked to 5 or more companies
Lawyers: 7; Linked to 5 or more companies

What happened

Aug 24, 2020SEC action against a company that stopped filingSEC order (opens in a new tab)
Aug 24, 2020SEC action against a company that stopped filingSEC order (opens in a new tab)
Nov 27, 2017Shares down 95% from their high
Sep 15, 2017Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Aug 16, 2017Said its accounts could not be relied on (Item 4.02)Form 8-K/A (opens in a new tab)
Aug 14, 2017Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
May 31, 2016Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Mar 31, 2014Said its accounts could not be relied on (Item 4.02)Form 8-K/A (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
Dorsey & Whitney LLP	Jan 2017	Named in SEC correspondence	630	0.83	0.73	1.16
Fredrikson & Byron, P.A.	Jan 2017	Named in a filing	154	0.55	0.53	1.07
Davies Ward Phillips & Vineberg	Jul 2016	Named in a filing	94	0.35	0.21	1.11
DLA Piper	Jul 2016	Named in a filing	1,184	1.00	0.45	1.20
Briggs and Morgan, P.A.	Jan 2015	Named in SEC correspondence	39	0.47	1.76	1.00
Maslon Edelman Borman & Brand, LLP	Mar 2014	Named in SEC correspondence	88	0.65	0.83	1.52
ANSLOW & JACLIN, LLP	May 2010	Named in SEC correspondence	375	1.17	1.40	0.93
Stinson Leonard Street LLP	Oct 2016	Text search only	46	0.91	0.96	0.94
Baker & Daniels	Jun 2014	Text search only	129	1.11	0.45	1.22

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
Jonathan B. AbramDorsey & Whitney LLP	Jan 2017	Named in SEC correspondence	20	1.42	1.22	2.43
Jeffrey NadlerWeil, Gotshal & Manges LLP	Aug 2016	Named in a filing	7	3.23	1.94	1.06
Joseph T. KinningGray Plant Mooty Mooty & Bennett	Jan 2015	Named in a filing	9	0.94	1.66	1.40
Paul D. ChestovichMaslon Edelman Borman & Brand, LLP	Mar 2014	Named in SEC correspondence	15	1.72	1.17	2.57
Gregg E. JaclinANSLOW & JACLIN, LLP	Aug 2010	Named in SEC correspondence	338	1.23	1.39	0.89
Ryan C. BrauerFredrikson & Byron, P.A.	Jan 2017	Text search only	16	1.27	2.54	1.23
Curtis L. MoBrobeck, Phleger & Harrison LLP	Jul 2016	Text search only	29	1.08	1.08	2.04