STEM, INC. STEM (last ticker on record)
CIK 1758766Its SEC filings (opens in a new tab)
- Restatement
- 95% wipeout
- Restructuring
- 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 Apr 2025
- Largest fall in its shares
- 99%
- Jun 2021 to Oct 2026
- Law firms
- 4
- Linked to 5 or more companies
- Lawyers
- 9
- Linked to 5 or more companies
What happened
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Exit or disposal costs (Item 2.05)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
- Said its accounts could not be relied on (Item 4.02)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.
- Gibson, Dunn & Crutcher LLPFirst linked Dec 2020 · Named in SEC correspondence · 1,125 linked companiesSEC/DOJ scrutiny 1.23× · Went dark 0.20× · 95% wipeout 0.96×
- Kirkland & EllisFirst linked Nov 2018 · Named in SEC correspondence · 1,686 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.17× · 95% wipeout 0.87×
- Eversheds Sutherland (US) LLPFirst linked Dec 2020 · Text search only · 55 linked companiesSEC/DOJ scrutiny 1.70× · Went dark 0.63× · 95% wipeout 0.63×
- Wilson Sonsini Goodrich & RosatiFirst linked Dec 2020 · Text search only · 1,468 linked companiesSEC/DOJ scrutiny 1.09× · Went dark 0.60× · 95% wipeout 1.42×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Gibson, Dunn & Crutcher LLP | Dec 2020 | Named in SEC correspondence | 1,125 | 1.23 | 0.20 | 0.96 |
| Kirkland & Ellis | Nov 2018 | Named in SEC correspondence | 1,686 | 0.98 | 0.17 | 0.87 |
| Eversheds Sutherland (US) LLP | Dec 2020 | Text search only | 55 | 1.70 | 0.63 | 0.63 |
| Wilson Sonsini Goodrich & Rosati | Dec 2020 | Text search only | 1,468 | 1.09 | 0.60 | 1.42 |
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.
- Aaron BriggsGibson, Dunn & Crutcher LLPFirst linked May 2024 · Named in a filing · 8 linked companiesSEC/DOJ scrutiny 1.46× · Went dark 0.00× · 95% wipeout 0.00×
- Eric ScarazzoGibson, Dunn & Crutcher LLPFirst linked Apr 2022 · Named in SEC correspondence · 30 linked companiesSEC/DOJ scrutiny 1.45× · Went dark 0.00× · 95% wipeout 1.00×
- Evan D'AmicoGibson, Dunn & Crutcher LLPFirst linked May 2021 · Named in SEC correspondence · 19 linked companiesSEC/DOJ scrutiny 0.87× · Went dark 0.00× · 95% wipeout 1.31×
- Bryan D. FlanneryKirkland & EllisFirst linked Dec 2020 · Named in SEC correspondence · 18 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 1.16×
- John T. GaffneyCravath Swaine & MooreFirst linked Dec 2020 · Named in SEC correspondence · 32 linked companiesSEC/DOJ scrutiny 1.47× · Went dark 0.00× · 95% wipeout 0.66×
- Christian O. NaglerKirkland & EllisFirst linked Nov 2018 · Named in SEC correspondence · 260 linked companiesSEC/DOJ scrutiny 0.89× · Went dark 0.00× · 95% wipeout 1.01×
- Matthew R. PaceyKirkland & EllisFirst linked Nov 2018 · Named in SEC correspondence · 72 linked companiesSEC/DOJ scrutiny 0.48× · Went dark 0.00× · 95% wipeout 1.14×
- Peter S. SeligsonKirkland & EllisFirst linked Nov 2018 · Named in SEC correspondence · 73 linked companiesSEC/DOJ scrutiny 0.48× · Went dark 0.00× · 95% wipeout 1.17×
- Evan M. D AmicoGibson, Dunn & Crutcher LLPFirst linked Dec 2020 · Text search only · 14 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 0.91×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Aaron BriggsGibson, Dunn & Crutcher LLP | May 2024 | Named in a filing | 8 | 1.46 | 0.00 | 0.00 |
| Eric ScarazzoGibson, Dunn & Crutcher LLP | Apr 2022 | Named in SEC correspondence | 30 | 1.45 | 0.00 | 1.00 |
| Evan D'AmicoGibson, Dunn & Crutcher LLP | May 2021 | Named in SEC correspondence | 19 | 0.87 | 0.00 | 1.31 |
| Bryan D. FlanneryKirkland & Ellis | Dec 2020 | Named in SEC correspondence | 18 | 0.00 | 0.00 | 1.16 |
| John T. GaffneyCravath Swaine & Moore | Dec 2020 | Named in SEC correspondence | 32 | 1.47 | 0.00 | 0.66 |
| Christian O. NaglerKirkland & Ellis | Nov 2018 | Named in SEC correspondence | 260 | 0.89 | 0.00 | 1.01 |
| Matthew R. PaceyKirkland & Ellis | Nov 2018 | Named in SEC correspondence | 72 | 0.48 | 0.00 | 1.14 |
| Peter S. SeligsonKirkland & Ellis | Nov 2018 | Named in SEC correspondence | 73 | 0.48 | 0.00 | 1.17 |
| Evan M. D AmicoGibson, Dunn & Crutcher LLP | Dec 2020 | Text search only | 14 | 0.00 | 0.00 | 0.91 |