PROJECT SAGE OLDCO, INC. SIEN (last ticker on record)
CIK 1551693Its SEC filings (opens in a new tab)
- 95% wipeout
- Delisting notice (not a red flag)
- SEC/DOJ scrutiny
- 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
- 4
- Newest began Feb 2024
- Largest fall in its shares
- 99%
- Aug 2018 to Nov 2022
- Law firms
- 5
- Linked to 5 or more companies
- Lawyers
- 8
- Linked to 5 or more companies
What happened
- Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
- Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
- Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- A filing mentions a grand jury subpoenaForm 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Shares down 95% from their high
- Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
- SEC administrative actionSEC order (opens in a new tab)
- SEC administrative proceedingSEC order (opens in a new tab)
- SEC enforcement releaseSEC release (opens in a new tab)
- An SEC release names it, an officer or its stockSEC release (opens in a new tab)
- Debt accelerated (Item 2.04)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.
- DLA PiperFirst linked Jan 2018 · Named in SEC correspondence · 1,184 linked companiesSEC/DOJ scrutiny 1.00× · Went dark 0.45× · 95% wipeout 1.20×
- Cooley LLPFirst linked Jul 2014 · Named in SEC correspondence · 1,634 linked companiesSEC/DOJ scrutiny 0.71× · Went dark 0.44× · 95% wipeout 1.24×
- Latham & Watkins LLPFirst linked Jul 2014 · Named in SEC correspondence · 2,667 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.31× · 95% wipeout 1.10×
- Greenberg TraurigFirst linked Jul 2014 · Text search only · 1,223 linked companiesSEC/DOJ scrutiny 1.01× · Went dark 1.03× · 95% wipeout 1.10×
- Sheppard MullinFirst linked Jul 2014 · Text search only · 392 linked companiesSEC/DOJ scrutiny 1.12× · Went dark 0.81× · 95% wipeout 1.22×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| DLA Piper | Jan 2018 | Named in SEC correspondence | 1,184 | 1.00 | 0.45 | 1.20 |
| Cooley LLP | Jul 2014 | Named in SEC correspondence | 1,634 | 0.71 | 0.44 | 1.24 |
| Latham & Watkins LLP | Jul 2014 | Named in SEC correspondence | 2,667 | 0.98 | 0.31 | 1.10 |
| Greenberg Traurig | Jul 2014 | Text search only | 1,223 | 1.01 | 1.03 | 1.10 |
| Sheppard Mullin | Jul 2014 | Text search only | 392 | 1.12 | 0.81 | 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.
- H. Thomas FelixKirkland & EllisFirst linked Feb 2021 · Named in a filing · 9 linked companiesSEC/DOJ scrutiny 2.05× · Went dark 0.00× · 95% wipeout 0.54×
- Patrick J. O'MalleyDLA PiperFirst linked Jan 2020 · Named in SEC correspondence · 17 linked companiesSEC/DOJ scrutiny 0.79× · Went dark 0.00× · 95% wipeout 2.34×
- Patrick J. O MalleyDLA PiperFirst linked May 2019 · Named in a filing · 11 linked companiesSEC/DOJ scrutiny 1.94× · Went dark 0.00× · 95% wipeout 4.16×
- Michael S. KagnoffDLA PiperFirst linked Jan 2018 · Named in SEC correspondence · 19 linked companiesSEC/DOJ scrutiny 1.72× · Went dark 0.00× · 95% wipeout 1.81×
- Robert W. PhillipsCooley LLPFirst linked Jan 2017 · Named in a filing · 40 linked companiesSEC/DOJ scrutiny 0.67× · Went dark 1.05× · 95% wipeout 1.02×
- C. Thomas HopkinsCooley LLPFirst linked Jul 2014 · Named in SEC correspondence · 17 linked companiesSEC/DOJ scrutiny 1.00× · Went dark 0.00× · 95% wipeout 1.04×
- Charles J. BairCooley LLPFirst linked Jul 2014 · Named in SEC correspondence · 26 linked companiesSEC/DOJ scrutiny 0.86× · Went dark 0.00× · 95% wipeout 0.94×
- Jonathan BellGreenberg TraurigFirst linked Jul 2014 · Text search only · 5 linked companiesSEC/DOJ scrutiny 1.64× · Went dark 0.00× · 95% wipeout 1.33×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| H. Thomas FelixKirkland & Ellis | Feb 2021 | Named in a filing | 9 | 2.05 | 0.00 | 0.54 |
| Patrick J. O'MalleyDLA Piper | Jan 2020 | Named in SEC correspondence | 17 | 0.79 | 0.00 | 2.34 |
| Patrick J. O MalleyDLA Piper | May 2019 | Named in a filing | 11 | 1.94 | 0.00 | 4.16 |
| Michael S. KagnoffDLA Piper | Jan 2018 | Named in SEC correspondence | 19 | 1.72 | 0.00 | 1.81 |
| Robert W. PhillipsCooley LLP | Jan 2017 | Named in a filing | 40 | 0.67 | 1.05 | 1.02 |
| C. Thomas HopkinsCooley LLP | Jul 2014 | Named in SEC correspondence | 17 | 1.00 | 0.00 | 1.04 |
| Charles J. BairCooley LLP | Jul 2014 | Named in SEC correspondence | 26 | 0.86 | 0.00 | 0.94 |
| Jonathan BellGreenberg Traurig | Jul 2014 | Text search only | 5 | 1.64 | 0.00 | 1.33 |