TheRealReal, Inc. REAL (last ticker on record)
CIK 1573221Its SEC filings (opens in a new tab)
- Delisting notice (not a red flag)
- 95% wipeout
- 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
- 2
- Newest began Feb 2023
- Largest fall in its shares
- 96%
- Jun 2019 to May 2023
- Law firms
- 9
- Linked to 5 or more companies
- Lawyers
- 8
- Linked to 5 or more companies
What happened
- Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
- Shares down 95% from their high
- Delisting 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.
- Wachtell Lipton Rosen & KatzFirst linked May 2026 · Named in a filing · 889 linked companiesSEC/DOJ scrutiny 1.29× · Went dark 0.07× · 95% wipeout 0.59×
- King & SpaldingFirst linked May 2021 · Named in a filing · 426 linked companiesSEC/DOJ scrutiny 1.28× · Went dark 0.35× · 95% wipeout 1.01×
- Sidley AustinFirst linked Apr 2019 · Named in SEC correspondence · 1,211 linked companiesSEC/DOJ scrutiny 1.30× · Went dark 0.14× · 95% wipeout 0.93×
- Wilson Sonsini Goodrich & RosatiFirst linked Apr 2019 · Named in SEC correspondence · 1,468 linked companiesSEC/DOJ scrutiny 1.09× · Went dark 0.60× · 95% wipeout 1.41×
- Cooley LLPFirst linked May 2019 · Text search only · 1,634 linked companiesSEC/DOJ scrutiny 0.71× · Went dark 0.44× · 95% wipeout 1.21×
- Goodwin ProcterFirst linked May 2019 · Text search only · 1,221 linked companiesSEC/DOJ scrutiny 0.79× · Went dark 0.31× · 95% wipeout 1.16×
- Latham & Watkins LLPFirst linked May 2019 · Text search only · 2,667 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.31× · 95% wipeout 1.08×
- Morrison & FoersterFirst linked May 2019 · Text search only · 826 linked companiesSEC/DOJ scrutiny 1.17× · Went dark 0.55× · 95% wipeout 1.14×
- Ober Kaler Grimes & ShriverFirst linked May 2019 · Text search only · 32 linked companiesSEC/DOJ scrutiny 0.75× · Went dark 0.72× · 95% wipeout 0.82×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Wachtell Lipton Rosen & Katz | May 2026 | Named in a filing | 889 | 1.29 | 0.07 | 0.59 |
| King & Spalding | May 2021 | Named in a filing | 426 | 1.28 | 0.35 | 1.01 |
| Sidley Austin | Apr 2019 | Named in SEC correspondence | 1,211 | 1.30 | 0.14 | 0.93 |
| Wilson Sonsini Goodrich & Rosati | Apr 2019 | Named in SEC correspondence | 1,468 | 1.09 | 0.60 | 1.41 |
| Cooley LLP | May 2019 | Text search only | 1,634 | 0.71 | 0.44 | 1.21 |
| Goodwin Procter | May 2019 | Text search only | 1,221 | 0.79 | 0.31 | 1.16 |
| Latham & Watkins LLP | May 2019 | Text search only | 2,667 | 0.98 | 0.31 | 1.08 |
| Morrison & Foerster | May 2019 | Text search only | 826 | 1.17 | 0.55 | 1.14 |
| Ober Kaler Grimes & Shriver | May 2019 | Text search only | 32 | 0.75 | 0.72 | 0.82 |
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.
- Joseph S. PayneDavis PolkFirst linked May 2026 · Named in a filing · 5 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 1.45×
- Helen TheungSidley AustinFirst linked Apr 2019 · Named in SEC correspondence · 10 linked companiesSEC/DOJ scrutiny 2.21× · Went dark 0.00× · 95% wipeout 1.69×
- Martin A. WellingtonSidley AustinFirst linked Apr 2019 · Named in SEC correspondence · 27 linked companiesSEC/DOJ scrutiny 1.90× · Went dark 0.00× · 95% wipeout 2.37×
- Michael NordtvedtWilson Sonsini Goodrich & RosatiFirst linked Apr 2019 · Named in SEC correspondence · 42 linked companiesSEC/DOJ scrutiny 0.50× · Went dark 0.00× · 95% wipeout 1.27×
- Robert G. DayWilson Sonsini Goodrich & RosatiFirst linked Apr 2019 · Named in SEC correspondence · 37 linked companiesSEC/DOJ scrutiny 1.51× · Went dark 1.13× · 95% wipeout 1.87×
- Steven E. BochnerWilson Sonsini Goodrich & RosatiFirst linked Apr 2019 · Named in SEC correspondence · 63 linked companiesSEC/DOJ scrutiny 1.34× · Went dark 0.00× · 95% wipeout 0.68×
- Jim FultonCooley LLPFirst linked May 2019 · Text search only · 8 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 1.69×
- Johan V. BrighamLatham & Watkins LLPFirst linked May 2019 · Text search only · 17 linked companiesSEC/DOJ scrutiny 1.85× · Went dark 0.00× · 95% wipeout 1.80×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Joseph S. PayneDavis Polk | May 2026 | Named in a filing | 5 | 0.00 | 0.00 | 1.45 |
| Helen TheungSidley Austin | Apr 2019 | Named in SEC correspondence | 10 | 2.21 | 0.00 | 1.69 |
| Martin A. WellingtonSidley Austin | Apr 2019 | Named in SEC correspondence | 27 | 1.90 | 0.00 | 2.37 |
| Michael NordtvedtWilson Sonsini Goodrich & Rosati | Apr 2019 | Named in SEC correspondence | 42 | 0.50 | 0.00 | 1.27 |
| Robert G. DayWilson Sonsini Goodrich & Rosati | Apr 2019 | Named in SEC correspondence | 37 | 1.51 | 1.13 | 1.87 |
| Steven E. BochnerWilson Sonsini Goodrich & Rosati | Apr 2019 | Named in SEC correspondence | 63 | 1.34 | 0.00 | 0.68 |
| Jim FultonCooley LLP | May 2019 | Text search only | 8 | 0.00 | 0.00 | 1.69 |
| Johan V. BrighamLatham & Watkins LLP | May 2019 | Text search only | 17 | 1.85 | 0.00 | 1.80 |