Nikola Corp NKLA (last ticker on record)
CIK 1731289Its SEC filings (opens in a new tab)
- Restatement
- 95% wipeout
- Delisting notice (not a red flag)
- Bankruptcy
- Restructuring
- 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
- 5
- Newest began Sep 2025
- Largest fall in its shares
- 99%
- Jun 2020 to Feb 2025
- Law firms
- 7
- Linked to 5 or more companies
- Lawyers
- 7
- Linked to 5 or more companies
What happened
- 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)
- 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)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Shares down 95% from their high
- SEC administrative actionSEC order (opens in a new tab)
- SEC administrative proceedingSEC order (opens in a new tab)
- A Justice Department statement names it, an officer or its stockJustice Department (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
- A filing mentions a grand jury subpoenaForm 10-Q (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.
- Pillsbury WinthropFirst linked Mar 2020 · Named in SEC correspondence · 516 linked companiesSEC/DOJ scrutiny 1.13× · Went dark 0.82× · 95% wipeout 1.27×
- Greenberg TraurigFirst linked Feb 2018 · Named in SEC correspondence · 1,223 linked companiesSEC/DOJ scrutiny 1.01× · Went dark 1.03× · 95% wipeout 1.10×
- Latham & Watkins LLPFirst linked Aug 2022 · Text search only · 2,667 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.31× · 95% wipeout 1.10×
- Kirkland & EllisFirst linked Mar 2021 · Text search only · 1,686 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.17× · 95% wipeout 0.87×
- Sullivan & CromwellFirst linked Mar 2020 · Text search only · 1,047 linked companiesSEC/DOJ scrutiny 1.40× · Went dark 0.15× · 95% wipeout 0.69×
- Cleary Gottlieb Steen & HamiltonFirst linked Apr 2018 · Text search only · 741 linked companiesSEC/DOJ scrutiny 1.31× · Went dark 0.12× · 95% wipeout 0.76×
- Winston & StrawnFirst linked Apr 2018 · Text search only · 585 linked companiesSEC/DOJ scrutiny 1.18× · Went dark 0.60× · 95% wipeout 1.02×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Pillsbury Winthrop | Mar 2020 | Named in SEC correspondence | 516 | 1.13 | 0.82 | 1.27 |
| Greenberg Traurig | Feb 2018 | Named in SEC correspondence | 1,223 | 1.01 | 1.03 | 1.10 |
| Latham & Watkins LLP | Aug 2022 | Text search only | 2,667 | 0.98 | 0.31 | 1.10 |
| Kirkland & Ellis | Mar 2021 | Text search only | 1,686 | 0.98 | 0.17 | 0.87 |
| Sullivan & Cromwell | Mar 2020 | Text search only | 1,047 | 1.40 | 0.15 | 0.69 |
| Cleary Gottlieb Steen & Hamilton | Apr 2018 | Text search only | 741 | 1.31 | 0.12 | 0.76 |
| Winston & Strawn | Apr 2018 | Text search only | 585 | 1.18 | 0.60 | 1.02 |
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.
- Stanley F. PiersonPillsbury WinthropFirst linked Mar 2020 · Named in SEC correspondence · 11 linked companiesSEC/DOJ scrutiny 1.66× · Went dark 0.00× · 95% wipeout 2.00×
- Alan I. AnnexGreenberg TraurigFirst linked Feb 2018 · Named in SEC correspondence · 153 linked companiesSEC/DOJ scrutiny 0.55× · Went dark 0.24× · 95% wipeout 1.15×
- Donn A. BeloffGreenberg TraurigFirst linked Feb 2018 · Named in SEC correspondence · 16 linked companiesSEC/DOJ scrutiny 0.62× · Went dark 1.67× · 95% wipeout 0.83×
- Jason T. SimonGreenberg TraurigFirst linked Feb 2018 · Named in SEC correspondence · 120 linked companiesSEC/DOJ scrutiny 0.68× · Went dark 0.30× · 95% wipeout 1.11×
- David S. AllinsonLatham & Watkins LLPFirst linked Aug 2022 · Text search only · 21 linked companiesSEC/DOJ scrutiny 3.40× · Went dark 0.00× · 95% wipeout 1.69×
- Leah R. SauterLatham & Watkins LLPFirst linked Aug 2022 · Text search only · 8 linked companiesSEC/DOJ scrutiny 3.97× · Went dark 0.00× · 95% wipeout 0.89×
- Scott D. MillerSullivan & CromwellFirst linked Mar 2020 · Text search only · 47 linked companiesSEC/DOJ scrutiny 2.40× · Went dark 0.00× · 95% wipeout 1.30×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Stanley F. PiersonPillsbury Winthrop | Mar 2020 | Named in SEC correspondence | 11 | 1.66 | 0.00 | 2.00 |
| Alan I. AnnexGreenberg Traurig | Feb 2018 | Named in SEC correspondence | 153 | 0.55 | 0.24 | 1.15 |
| Donn A. BeloffGreenberg Traurig | Feb 2018 | Named in SEC correspondence | 16 | 0.62 | 1.67 | 0.83 |
| Jason T. SimonGreenberg Traurig | Feb 2018 | Named in SEC correspondence | 120 | 0.68 | 0.30 | 1.11 |
| David S. AllinsonLatham & Watkins LLP | Aug 2022 | Text search only | 21 | 3.40 | 0.00 | 1.69 |
| Leah R. SauterLatham & Watkins LLP | Aug 2022 | Text search only | 8 | 3.97 | 0.00 | 0.89 |
| Scott D. MillerSullivan & Cromwell | Mar 2020 | Text search only | 47 | 2.40 | 0.00 | 1.30 |