9 METERS BIOPHARMA, INC. NMTR (last ticker on record)

CIK 1551986Its SEC filings (opens in a new tab)

Delisting notice (not a red flag)
95% wipeout
Restructuring
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 2023
Largest fall in its shares: 99%; Feb 2021 to Jul 2023
Law firms: 9; Linked to 5 or more companies
Lawyers: 12; Linked to 5 or more companies

What happened

Jul 18, 2023Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Jul 18, 2023Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Jul 18, 2023Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jun 16, 2023Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
May 19, 2023Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Apr 27, 2023Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Apr 6, 2023Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Nov 21, 2022Shares down 95% from their high
Feb 11, 2022Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Aug 21, 2020Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Dec 6, 2019Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Apr 16, 2019Shares down 95% from their high
Feb 22, 2018Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jan 11, 2018Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Oct 23, 2017Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jun 20, 2017Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Apr 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
Goodwin Procter	Oct 2020	Named in a filing	1,221	0.79	0.31	1.17
Wyrick Robbins Yates & Ponton LLP	Feb 2020	Named in SEC correspondence	113	0.71	0.68	1.07
Sheppard Mullin	Feb 2020	Named in SEC correspondence	392	1.12	0.81	1.22
Smith Anderson	Mar 2018	Named in SEC correspondence	67	1.24	0.00	1.41
Wilson Sonsini Goodrich & Rosati	Aug 2017	Named in SEC correspondence	1,468	1.09	0.60	1.42
Schiff Hardin	Oct 2015	Named in SEC correspondence	184	0.78	0.85	1.26
Manatt, Phelps & Phillips, LLP	Aug 2015	Named in SEC correspondence	169	0.88	0.82	1.25
K&L Gates	Oct 2015	Text search only	723	1.06	1.35	1.18
Richardson & Patel LLP	Oct 2015	Text search only	215	1.07	1.41	1.28

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
Alexander M. DonaldsonWyrick Robbins Yates & Ponton LLP	May 2020	Named in SEC correspondence	29	1.15	0.00	1.35
Donald R. ReynoldsWyrick Robbins Yates & Ponton LLP	Feb 2020	Named in SEC correspondence	41	0.87	0.38	0.98
Justin AnslowSheppard Mullin	Feb 2020	Named in SEC correspondence	13	1.53	0.00	0.88
Jeffrey J. FesslerSheppard Mullin	Feb 2020	Named in SEC correspondence	56	0.86	0.37	1.21
Christopher B. CapelSmith Anderson	Dec 2018	Named in a filing	7	1.27	0.00	2.34
Thomas E. HornishWilson Sonsini Goodrich & Rosati	Apr 2018	Named in SEC correspondence	11	4.08	0.00	2.04
Martin J. WatersWilson Sonsini Goodrich & Rosati	Mar 2018	Named in a filing	24	1.91	0.88	2.49
Dan HorwoodWilson Sonsini Goodrich & Rosati	Sep 2017	Named in SEC correspondence	6	3.83	0.00	2.43
Ralph V. DeMartinoSchiff Hardin	Oct 2015	Named in SEC correspondence	11	0.00	1.03	1.72
Veronica LahManatt, Phelps & Phillips, LLP	Oct 2015	Named in SEC correspondence	19	0.00	0.00	1.64
Thomas J. PolettiK&L Gates	Aug 2015	Named in SEC correspondence	71	1.51	1.24	1.75
Ralph V. De MartinoArentFox Schiff LLP	Jun 2016	Text search only	78	0.51	1.20	1.38