SmileDirectClub, Inc. SDC (last ticker on record)
CIK 1775625Its SEC filings (opens in a new tab)
- 95% wipeout
- Delisting notice (not a red flag)
- Bankruptcy
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
- 2
- Newest began Oct 2023
- Largest fall in its shares
- 99%
- Sep 2019 to Dec 2023
- Law firms
- 4
- Linked to 5 or more companies
- Lawyers
- 3
- Linked to 5 or more companies
What happened
- Bankruptcy or receivership (Item 1.03)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)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Shares down 95% from their high
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.
- Foley & LardnerFirst linked May 2019 · Named in a filing · 498 linked companiesSEC/DOJ scrutiny 1.00× · Went dark 0.71× · 95% wipeout 1.02×
- Latham & Watkins LLPFirst linked May 2019 · Named in SEC correspondence · 2,667 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.31× · 95% wipeout 1.10×
- Skadden, Arps, Slate, Meagher & Flom LLPFirst linked May 2019 · Named in SEC correspondence · 2,607 linked companiesSEC/DOJ scrutiny 1.15× · Went dark 0.19× · 95% wipeout 0.85×
- Dentons US LLPFirst linked May 2019 · Text search only · 102 linked companiesSEC/DOJ scrutiny 0.91× · Went dark 0.40× · 95% wipeout 1.48×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Foley & Lardner | May 2019 | Named in a filing | 498 | 1.00 | 0.71 | 1.02 |
| Latham & Watkins LLP | May 2019 | Named in SEC correspondence | 2,667 | 0.98 | 0.31 | 1.10 |
| Skadden, Arps, Slate, Meagher & Flom LLP | May 2019 | Named in SEC correspondence | 2,607 | 1.15 | 0.19 | 0.85 |
| Dentons US LLP | May 2019 | Text search only | 102 | 0.91 | 0.40 | 1.48 |
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.
- Jason M. HilleFoley & LardnerFirst linked Jun 2022 · Named in a filing · 13 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 1.31×
- David J. GoldschmidtSkadden, Arps, Slate, Meagher & Flom LLPFirst linked May 2019 · Named in SEC correspondence · 74 linked companiesSEC/DOJ scrutiny 1.03× · Went dark 0.58× · 95% wipeout 1.31×
- Marc D. JaffeLatham & Watkins LLPFirst linked May 2019 · Named in SEC correspondence · 156 linked companiesSEC/DOJ scrutiny 1.05× · Went dark 0.00× · 95% wipeout 1.12×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Jason M. HilleFoley & Lardner | Jun 2022 | Named in a filing | 13 | 0.00 | 0.00 | 1.31 |
| David J. GoldschmidtSkadden, Arps, Slate, Meagher & Flom LLP | May 2019 | Named in SEC correspondence | 74 | 1.03 | 0.58 | 1.31 |
| Marc D. JaffeLatham & Watkins LLP | May 2019 | Named in SEC correspondence | 156 | 1.05 | 0.00 | 1.12 |