Jason Industries, Inc. JASN (last ticker on record)

CIK 1579252Its SEC filings (opens in a new tab)

Restatement
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: 4; Newest began Jun 2020
Largest fall in its shares: 99%; Sep 2014 to Aug 2020
Law firms: 8; Linked to 5 or more companies
Lawyers: 8; Linked to 5 or more companies

What happened

Aug 27, 2020Bankruptcy or receivership (Item 1.03)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)
Jan 9, 2020Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jul 17, 2019Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jul 10, 2019Shares down 95% from their high
Jul 3, 2019Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
May 13, 2019Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Oct 12, 2017Delisting notice (Item 3.01)Form 8-K/A (opens in a new tab)
Sep 13, 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
Foley & Lardner	May 2014	Named in SEC correspondence	498	1.00	0.71	1.02
Graubard Miller	Mar 2014	Named in SEC correspondence	418	0.92	0.75	1.16
Kirkland & Ellis	Mar 2014	Named in SEC correspondence	1,686	0.98	0.17	0.87
Olshan Frome Wolosky LLP	Mar 2014	Named in SEC correspondence	390	1.38	0.86	1.22
Ellenoff Grossman & Schole LLP	Jun 2013	Named in SEC correspondence	963	0.96	1.12	1.21
Loeb & Loeb LLP	Jun 2013	Named in SEC correspondence	838	0.92	0.99	1.10
Latham & Watkins LLP	May 2014	Text search only	2,667	0.98	0.31	1.10
Cahill Gordon & Reindel	Mar 2014	Text search only	598	1.03	0.18	0.77

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
Russell E. RybaFoley & Lardner	Sep 2016	Named in SEC correspondence	19	1.23	0.00	0.89
Christian O. NaglerKirkland & Ellis	Jul 2014	Named in SEC correspondence	260	0.89	0.00	1.01
Jeffrey M. GallantGraubard Miller	May 2014	Named in SEC correspondence	195	0.96	0.64	1.20
Kenneth A. SchlesingerOlshan Frome Wolosky LLP	Apr 2014	Named in SEC correspondence	47	1.52	0.47	0.86
Robert H. FriedmanOlshan Frome Wolosky LLP	Mar 2014	Named in SEC correspondence	19	1.78	2.03	2.11
Douglas S. EllenoffEllenoff Grossman & Schole LLP	Jun 2013	Named in a filing	338	0.95	0.66	0.95
Stuart NeuhauserEllenoff Grossman & Schole LLP	Jun 2013	Named in a filing	416	0.78	0.42	1.04
David Alan MillerEllenoff Grossman & Schole LLP	May 2014	Text search only	231	1.06	0.74	1.33