GNC HOLDINGS, INC. GNCIQ (last ticker on record)

CIK 1502034Its SEC filings (opens in a new tab)

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

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 Jun 2020
Largest fall in its shares: 99%; Nov 2013 to Jul 2020
Law firms: 11; Linked to 5 or more companies
Lawyers: 7; Linked to 5 or more companies

What happened

Jun 30, 2020Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jun 24, 2020Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Jun 24, 2020Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Apr 28, 2020Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Dec 4, 2018Shares 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.

Law firms linked to this company
Name	First linked	How it is known	Linked companies	SEC/DOJ scrutiny	Went dark	95% wipeout
Latham & Watkins LLP	Oct 2020	Named in a filing	2,667	0.98	0.31	1.10
Buchanan Ingersoll Professional Corporation	May 2019	Named in SEC correspondence	123	1.14	0.73	1.47
Reed Smith	Nov 2015	Named in a filing	487	1.15	0.77	1.13
McGuireWoods LLP	Sep 2010	Named in SEC correspondence	358	0.97	0.85	1.11
Proskauer Rose	Sep 2010	Named in SEC correspondence	492	1.15	0.48	1.08
Sullivan & Cromwell	Sep 2010	Named in SEC correspondence	1,047	1.40	0.15	0.69
K&L Gates	Mar 2011	Text search only	723	1.06	1.35	1.18
Philippa Bond, P.C.	Mar 2011	Text search only	12	1.34	0.00	0.88
Hyman Phelps & McNamara	Feb 2011	Text search only	105	0.94	0.95	1.08
O Melveny & Myers LLP	Feb 2011	Text search only	589	1.07	0.25	1.07
Kennedy Covington Lobdell & Hickman	Jan 2011	Text search only	53	1.04	0.38	1.29

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
Erika L. WeinbergLatham & Watkins LLP	Oct 2020	Named in a filing	29	1.62	1.92	0.86
Jennifer R. MinterBuchanan Ingersoll Professional Corporation	May 2019	Named in SEC correspondence	11	0.69	0.00	1.05
Jeffrey G. AromatorioReed Smith	Nov 2015	Named in a filing	30	1.87	0.00	0.92
Scott E. WestwoodMcGuireWoods LLP	Jul 2013	Named in SEC correspondence	9	0.56	0.00	0.95
Philippa M. BondProskauer Rose	Sep 2010	Named in SEC correspondence	10	1.61	0.00	1.05
Robert E. BuckholzSullivan & Cromwell	Sep 2010	Named in SEC correspondence	39	2.39	0.00	0.93
Michael A. WoronoffSkadden, Arps, Slate, Meagher & Flom LLP	Feb 2011	Text search only	19	0.95	0.00	1.15