Codiak BioSciences, Inc. CDAK (last ticker on record)
CIK 1659352Its SEC filings (opens in a new tab)
- Restructuring
- 95% wipeout
- Bankruptcy
- Delisting notice (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
- 3
- Newest began Mar 2023
- Largest fall in its shares
- 99%
- Jan 2021 to May 2023
- Law firms
- 6
- Linked to 5 or more companies
- Lawyers
- 3
- Linked to 5 or more companies
What happened
- 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)
- Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
- Shares down 95% from their high
- Exit or disposal costs (Item 2.05)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.
- Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.First linked Aug 2020 · Named in SEC correspondence · 567 linked companiesSEC/DOJ scrutiny 0.92× · Went dark 0.60× · 95% wipeout 1.20×
- Goodwin ProcterFirst linked Mar 2019 · Named in SEC correspondence · 1,221 linked companiesSEC/DOJ scrutiny 0.79× · Went dark 0.31× · 95% wipeout 1.17×
- Covington & BurlingFirst linked Mar 2019 · Text search only · 447 linked companiesSEC/DOJ scrutiny 1.07× · Went dark 0.27× · 95% wipeout 0.99×
- Goulston & StorrsFirst linked Mar 2019 · Text search only · 86 linked companiesSEC/DOJ scrutiny 0.90× · Went dark 0.34× · 95% wipeout 1.33×
- Bracewell LLPFirst linked Mar 2019 · Text search only · 247 linked companiesSEC/DOJ scrutiny 0.93× · Went dark 0.31× · 95% wipeout 1.03×
- McDermott Will & EmeryFirst linked Mar 2019 · Text search only · 562 linked companiesSEC/DOJ scrutiny 0.97× · Went dark 0.60× · 95% wipeout 1.14×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. | Aug 2020 | Named in SEC correspondence | 567 | 0.92 | 0.60 | 1.20 |
| Goodwin Procter | Mar 2019 | Named in SEC correspondence | 1,221 | 0.79 | 0.31 | 1.17 |
| Covington & Burling | Mar 2019 | Text search only | 447 | 1.07 | 0.27 | 0.99 |
| Goulston & Storrs | Mar 2019 | Text search only | 86 | 0.90 | 0.34 | 1.33 |
| Bracewell LLP | Mar 2019 | Text search only | 247 | 0.93 | 0.31 | 1.03 |
| McDermott Will & Emery | Mar 2019 | Text search only | 562 | 0.97 | 0.60 | 1.14 |
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.
- Megan N. GatesMintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.First linked Nov 2021 · Named in SEC correspondence · 43 linked companiesSEC/DOJ scrutiny 0.60× · Went dark 0.56× · 95% wipeout 1.46×
- Daniel LangGoodwin ProcterFirst linked Mar 2019 · Named in SEC correspondence · 10 linked companiesSEC/DOJ scrutiny 1.22× · Went dark 0.00× · 95% wipeout 1.61×
- Stephen M. DavisGoodwin ProcterFirst linked Mar 2019 · Named in SEC correspondence · 20 linked companiesSEC/DOJ scrutiny 1.61× · Went dark 1.35× · 95% wipeout 1.39×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Megan N. GatesMintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C. | Nov 2021 | Named in SEC correspondence | 43 | 0.60 | 0.56 | 1.46 |
| Daniel LangGoodwin Procter | Mar 2019 | Named in SEC correspondence | 10 | 1.22 | 0.00 | 1.61 |
| Stephen M. DavisGoodwin Procter | Mar 2019 | Named in SEC correspondence | 20 | 1.61 | 1.35 | 1.39 |