Benefytt Technologies, Inc. BFYT (last ticker on record)
CIK 1561387Its SEC filings (opens in a new tab)
- Restatement
- Restructuring
- Delisting notice (not a red flag)
- SEC/DOJ scrutiny
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 2022
- Largest fall in its shares
- —
- None of 95% on record
- Law firms
- 4
- Linked to 5 or more companies
- Lawyers
- 3
- Linked to 5 or more companies
What happened
- SEC administrative actionSEC order (opens in a new tab)
- SEC administrative proceedingSEC order (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)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.
- Weil, Gotshal & Manges LLPFirst linked Jul 2020 · Named in a filing · 1,051 linked companiesSEC/DOJ scrutiny 1.31× · Went dark 0.27× · 95% wipeout 0.91×
- Foley & LardnerFirst linked Feb 2015 · Named in SEC correspondence · 498 linked companiesSEC/DOJ scrutiny 1.00× · Went dark 0.71× · 95% wipeout 1.02×
- Davis PolkFirst linked Nov 2012 · Named in SEC correspondence · 1,694 linked companiesSEC/DOJ scrutiny 1.26× · Went dark 0.06× · 95% wipeout 1.02×
- Reed SmithFirst linked Nov 2012 · Text search only · 487 linked companiesSEC/DOJ scrutiny 1.15× · Went dark 0.77× · 95% wipeout 1.13×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Weil, Gotshal & Manges LLP | Jul 2020 | Named in a filing | 1,051 | 1.31 | 0.27 | 0.91 |
| Foley & Lardner | Feb 2015 | Named in SEC correspondence | 498 | 1.00 | 0.71 | 1.02 |
| Davis Polk | Nov 2012 | Named in SEC correspondence | 1,694 | 1.26 | 0.06 | 1.02 |
| Reed Smith | Nov 2012 | Text search only | 487 | 1.15 | 0.77 | 1.13 |
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.
- Michael J. AielloWeil, Gotshal & Manges LLPFirst linked Jul 2020 · Named in a filing · 107 linked companiesSEC/DOJ scrutiny 1.23× · Went dark 0.00× · 95% wipeout 0.75×
- Curt P. CreelyFoley & LardnerFirst linked Feb 2015 · Named in SEC correspondence · 28 linked companiesSEC/DOJ scrutiny 1.15× · Went dark 1.77× · 95% wipeout 1.13×
- Deanna L. KirkpatrickDavis PolkFirst linked Nov 2012 · Named in SEC correspondence · 112 linked companiesSEC/DOJ scrutiny 1.74× · Went dark 0.00× · 95% wipeout 0.76×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Michael J. AielloWeil, Gotshal & Manges LLP | Jul 2020 | Named in a filing | 107 | 1.23 | 0.00 | 0.75 |
| Curt P. CreelyFoley & Lardner | Feb 2015 | Named in SEC correspondence | 28 | 1.15 | 1.77 | 1.13 |
| Deanna L. KirkpatrickDavis Polk | Nov 2012 | Named in SEC correspondence | 112 | 1.74 | 0.00 | 0.76 |