CarLotz, Inc. LOTZ (last ticker on record)

CIK 1759008Its SEC filings (opens in a new tab)

Delisting notice (not a red flag)
Restatement
95% wipeout
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: 3; Newest began Jun 2022
Largest fall in its shares: 98%; Jan 2021 to Dec 2022
Law firms: 9; Linked to 5 or more companies
Lawyers: 10; Linked to 5 or more companies

What happened

Dec 9, 2022Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Nov 10, 2022Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
Jun 21, 2022Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
Jun 10, 2022Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
May 18, 2022Shares down 95% from their high
May 10, 2021Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Jan 12, 2021Delisting 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
Jenner & Block	Nov 2022	Named in a filing	122	1.12	0.78	0.94
Freshfields Bruckhaus Deringer US LLP	Oct 2020	Named in SEC correspondence	127	1.28	0.00	0.91
Simpson Thacher & Bartlett	Oct 2020	Named in SEC correspondence	1,396	1.28	0.11	0.92
Ellenoff Grossman & Schole LLP	Nov 2018	Named in SEC correspondence	963	0.96	1.12	1.21
Skadden, Arps, Slate, Meagher & Flom LLP	Nov 2018	Named in SEC correspondence	2,607	1.15	0.19	0.85
Drinker Biddle & Reath	Dec 2020	Text search only	213	1.46	0.77	1.25
Haynes and Boone	Dec 2020	Text search only	353	1.03	0.56	0.84
Krieg DeVault	Dec 2020	Text search only	46	0.00	0.00	0.38
McGuireWoods LLP	Dec 2020	Text search only	358	0.97	0.85	1.11

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
Martin C. GlassJenner & Block	Dec 2022	Named in a filing	18	0.68	0.00	1.52
Jaime MercadoSimpson Thacher & Bartlett	Oct 2020	Named in SEC correspondence	5	1.91	0.00	1.40
Valerie Ford JacobFreshfields Bruckhaus Deringer US LLP	Oct 2020	Named in SEC correspondence	45	1.30	0.00	1.38
Jonathan KoPaul Hastings	Jan 2019	Named in SEC correspondence	65	1.63	0.00	0.97
Benjamin S. ReichelEllenoff Grossman & Schole LLP	Nov 2018	Named in SEC correspondence	48	1.34	0.37	1.69
Douglas S. EllenoffEllenoff Grossman & Schole LLP	Nov 2018	Named in SEC correspondence	338	0.95	0.66	0.95
Gregg A. NoelSkadden, Arps, Slate, Meagher & Flom LLP	Nov 2018	Named in SEC correspondence	206	1.74	0.21	0.99
Stuart NeuhauserEllenoff Grossman & Schole LLP	Nov 2018	Named in SEC correspondence	416	0.78	0.42	1.04
H. John Michel Jr.Drinker Biddle & Reath	Dec 2020	Text search only	8	1.48	0.00	1.55
Lori GoodmanFreshfields Bruckhaus Deringer US LLP	Dec 2020	Text search only	7	1.73	0.00	0.68