Spirit Aviation Holdings, Inc. FLYY (last ticker on record)

CIK 1498710Its SEC filings (opens in a new tab)

Restatement
95% wipeout
Bankruptcy
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: 4; Newest began Nov 2024
Largest fall in its shares: 98%; Dec 2014 to Nov 2024
Law firms: 12; Linked to 5 or more companies
Lawyers: 13; Linked to 5 or more companies

What happened

Sep 3, 2025Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Aug 29, 2025Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Aug 29, 2025Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
May 27, 2025Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Feb 21, 2025Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Nov 29, 2024Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Nov 20, 2024Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Nov 18, 2024Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Nov 18, 2024Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Apr 23, 2024Shares down 95% from their high
Aug 3, 2020Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
Mar 26, 2020Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Dec 18, 2017Delisting notice (Item 3.01)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
Davis Polk	Mar 2025	Named in SEC correspondence	1,694	1.26	0.06	1.02
Morris James	Aug 2015	Named in a filing	95	1.62	0.42	0.86
Paul Weiss Rifkind Wharton & Garrison	Feb 2015	Named in a filing	826	1.02	0.18	0.83
Cleary Gottlieb Steen & Hamilton	Sep 2010	Named in SEC correspondence	741	1.31	0.12	0.76
Debevoise & Plimpton	Sep 2010	Named in SEC correspondence	424	1.10	0.14	1.04
Latham & Watkins LLP	Sep 2010	Named in SEC correspondence	2,667	0.98	0.31	1.10
DLA Piper	Dec 2011	Text search only	1,184	1.00	0.45	1.20
Pillsbury Winthrop	Dec 2011	Text search only	516	1.13	0.82	1.27
Holland & Knight	Nov 2010	Text search only	413	1.17	0.82	1.19
Andrews Kurth LLP	Sep 2010	Text search only	398	1.27	0.35	1.30
Jaffe Raitt Heuer & Weiss	Sep 2010	Text search only	37	0.26	0.50	1.65
Kirkland & Ellis	Sep 2010	Text search only	1,686	0.98	0.17	0.87

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
Travis TrianoDavis Polk	Mar 2025	Named in a filing	7	0.00	0.00	0.00
Gregory V. GoodingDebevoise & Plimpton	May 2022	Named in a filing	13	1.40	0.00	1.65
William D. RegnerDebevoise & Plimpton	May 2022	Named in a filing	16	1.98	0.00	1.12
Eric T. JuergensDebevoise & Plimpton	Feb 2021	Named in SEC correspondence	15	0.63	0.00	1.95
Matthew E. KaplanDebevoise & Plimpton	Feb 2018	Named in SEC correspondence	22	0.62	0.00	1.96
Raphael M. RussoPaul Weiss Rifkind Wharton & Garrison	Feb 2015	Named in a filing	72	1.67	0.00	1.02
Anthony J. RichmondLatham & Watkins LLP	Sep 2010	Named in SEC correspondence	29	0.99	0.77	2.51
Leslie N. SilvermanCleary Gottlieb Steen & Hamilton	Sep 2010	Named in SEC correspondence	29	1.90	0.00	1.55
Robert W. PhillipsCooley LLP	Sep 2010	Named in a filing	40	0.67	1.05	1.02
Victoria HaleSimpson Thacher & Bartlett	Jan 2012	Text search only	52	0.43	0.00	2.06
Gregory R. HallDLA Piper	Dec 2011	Text search only	15	1.04	0.91	2.02
Deborah J. RuoschMilbank Tweed Hadley & McCloy	Sep 2010	Text search only	9	0.00	0.00	1.20
Peter F. KermanLatham & Watkins LLP	Sep 2010	Text search only	16	2.13	0.00	1.70