Stark Novus Financial Inc. NRDE (last ticker on record)
CIK 1759546Its SEC filings (opens in a new tab)
- Restatement
- 95% wipeout
- Bankruptcy
- Restructuring
- Delisting notice (not a red flag)
- 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 Feb 2024
- Largest fall in its shares
- 99%
- Feb 2021 to Jun 2023
- Law firms
- 5
- 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)
- Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
- SEC administrative proceedingSEC order (opens in a new tab)
- SEC enforcement releaseSEC release (opens in a new tab)
- An SEC release names it, an officer or its stockSEC release (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)
- 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
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- 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.
- Baker & HostetlerFirst linked Aug 2020 · Named in SEC correspondence · 231 linked companiesSEC/DOJ scrutiny 1.11× · Went dark 1.12× · 95% wipeout 1.35×
- Sullivan & CromwellFirst linked Aug 2020 · Named in SEC correspondence · 1,047 linked companiesSEC/DOJ scrutiny 1.40× · Went dark 0.15× · 95% wipeout 0.69×
- Ropes & GrayFirst linked Jan 2019 · Named in SEC correspondence · 914 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.14× · 95% wipeout 0.92×
- Ellenoff Grossman & Schole LLPFirst linked Nov 2018 · Named in SEC correspondence · 963 linked companiesSEC/DOJ scrutiny 0.96× · Went dark 1.12× · 95% wipeout 1.21×
- Winston & StrawnFirst linked Feb 2019 · 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 |
|---|---|---|---|---|---|---|
| Baker & Hostetler | Aug 2020 | Named in SEC correspondence | 231 | 1.11 | 1.12 | 1.35 |
| Sullivan & Cromwell | Aug 2020 | Named in SEC correspondence | 1,047 | 1.40 | 0.15 | 0.69 |
| Ropes & Gray | Jan 2019 | Named in SEC correspondence | 914 | 0.98 | 0.14 | 0.92 |
| Ellenoff Grossman & Schole LLP | Nov 2018 | Named in SEC correspondence | 963 | 0.96 | 1.12 | 1.21 |
| Winston & Strawn | Feb 2019 | 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.
- Janet A. SpreenBaker & HostetlerFirst linked Nov 2020 · Named in SEC correspondence · 11 linked companiesSEC/DOJ scrutiny 0.80× · Went dark 0.00× · 95% wipeout 2.65×
- John J. HarringtonBaker & HostetlerFirst linked Sep 2020 · Named in SEC correspondence · 10 linked companiesSEC/DOJ scrutiny 2.50× · Went dark 0.00× · 95% wipeout 1.20×
- Robert W. DownesSullivan & CromwellFirst linked Sep 2020 · Named in SEC correspondence · 58 linked companiesSEC/DOJ scrutiny 1.62× · Went dark 0.82× · 95% wipeout 0.52×
- Scott B. CroftonSullivan & CromwellFirst linked Sep 2020 · Named in SEC correspondence · 11 linked companiesSEC/DOJ scrutiny 1.09× · Went dark 0.00× · 95% wipeout 0.47×
- Douglas S. EllenoffEllenoff Grossman & Schole LLPFirst linked Nov 2018 · Named in SEC correspondence · 338 linked companiesSEC/DOJ scrutiny 0.95× · Went dark 0.66× · 95% wipeout 0.95×
- Stuart NeuhauserEllenoff Grossman & Schole LLPFirst linked Nov 2018 · Named in SEC correspondence · 416 linked companiesSEC/DOJ scrutiny 0.78× · Went dark 0.42× · 95% wipeout 1.04×
- Michael A. MiduraEllenoff Grossman & Schole LLPFirst linked Feb 2019 · Text search only · 7 linked companiesSEC/DOJ scrutiny 2.71× · Went dark 0.00× · 95% wipeout 2.06×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Janet A. SpreenBaker & Hostetler | Nov 2020 | Named in SEC correspondence | 11 | 0.80 | 0.00 | 2.65 |
| John J. HarringtonBaker & Hostetler | Sep 2020 | Named in SEC correspondence | 10 | 2.50 | 0.00 | 1.20 |
| Robert W. DownesSullivan & Cromwell | Sep 2020 | Named in SEC correspondence | 58 | 1.62 | 0.82 | 0.52 |
| Scott B. CroftonSullivan & Cromwell | Sep 2020 | Named in SEC correspondence | 11 | 1.09 | 0.00 | 0.47 |
| Douglas S. EllenoffEllenoff Grossman & Schole LLP | Nov 2018 | Named in SEC correspondence | 338 | 0.95 | 0.66 | 0.95 |
| Stuart NeuhauserEllenoff Grossman & Schole LLP | Nov 2018 | Named in SEC correspondence | 416 | 0.78 | 0.42 | 1.04 |
| Michael A. MiduraEllenoff Grossman & Schole LLP | Feb 2019 | Text search only | 7 | 2.71 | 0.00 | 2.06 |