NewAge, Inc. NBEV (last ticker on record)
CIK 1579823Its SEC filings (opens in a new tab)
- Delisting notice (not a red flag)
- 95% wipeout
- Restructuring
- Bankruptcy
- SEC/DOJ scrutiny
- Went dark (not a red flag)
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 Oct 2022
- Largest fall in its shares
- 99%
- Oct 2018 to Oct 2022
- Law firms
- 5
- Linked to 5 or more companies
- Lawyers
- 3
- Linked to 5 or more companies
What happened
- SEC action against a company that stopped filingSEC order (opens in a new tab)
- SEC administrative actionSEC order (opens in a new tab)
- SEC administrative proceedingSEC order (opens in a new tab)
- An SEC release names it, an officer or its stockSEC release (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)
- 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)
- Shares down 95% from their high
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- 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.
- Faegre Drinker Biddle & Reath LLPFirst linked Feb 2021 · Named in a filing · 138 linked companiesSEC/DOJ scrutiny 1.29× · Went dark 4.29× · 95% wipeout 1.16×
- Faegre Baker DanielsFirst linked Oct 2019 · Named in a filing · 145 linked companiesSEC/DOJ scrutiny 1.06× · Went dark 0.34× · 95% wipeout 1.16×
- Sichenzia Ross Ference LLPFirst linked Jul 2017 · Named in SEC correspondence · 1,005 linked companiesSEC/DOJ scrutiny 1.27× · Went dark 1.62× · 95% wipeout 1.26×
- Bart and Associates, LLCFirst linked Feb 2014 · Named in SEC correspondence · 21 linked companiesSEC/DOJ scrutiny 1.80× · Went dark 6.06× · 95% wipeout 1.63×
- Drinker Biddle & ReathFirst linked Feb 2021 · Text search only · 213 linked companiesSEC/DOJ scrutiny 1.46× · Went dark 0.77× · 95% wipeout 1.25×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Faegre Drinker Biddle & Reath LLP | Feb 2021 | Named in a filing | 138 | 1.29 | 4.29 | 1.16 |
| Faegre Baker Daniels | Oct 2019 | Named in a filing | 145 | 1.06 | 0.34 | 1.16 |
| Sichenzia Ross Ference LLP | Jul 2017 | Named in SEC correspondence | 1,005 | 1.27 | 1.62 | 1.26 |
| Bart and Associates, LLC | Feb 2014 | Named in SEC correspondence | 21 | 1.80 | 6.06 | 1.63 |
| Drinker Biddle & Reath | Feb 2021 | Text search only | 213 | 1.46 | 0.77 | 1.25 |
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.
- Jeffrey A. ShermanFaegre & BensonFirst linked Oct 2019 · Named in a filing · 22 linked companiesSEC/DOJ scrutiny 0.79× · Went dark 1.61× · 95% wipeout 1.21×
- Gregory SichenziaSichenzia Ross Ference LLPFirst linked Jul 2017 · Named in a filing · 267 linked companiesSEC/DOJ scrutiny 1.06× · Went dark 1.46× · 95% wipeout 1.24×
- Ken BartBart and Associates, LLCFirst linked Feb 2014 · Named in SEC correspondence · 21 linked companiesSEC/DOJ scrutiny 2.58× · Went dark 5.72× · 95% wipeout 2.45×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Jeffrey A. ShermanFaegre & Benson | Oct 2019 | Named in a filing | 22 | 0.79 | 1.61 | 1.21 |
| Gregory SichenziaSichenzia Ross Ference LLP | Jul 2017 | Named in a filing | 267 | 1.06 | 1.46 | 1.24 |
| Ken BartBart and Associates, LLC | Feb 2014 | Named in SEC correspondence | 21 | 2.58 | 5.72 | 2.45 |