Beneficient BENF (last ticker on record)
CIK 1775734Its SEC filings (opens in a new tab)
- SEC/DOJ scrutiny
- Delisting notice (not a red flag)
- 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 Aug 2025
- Largest fall in its shares
- 99%
- Jun 2023 to Sep 2026
- Law firms
- 10
- Linked to 5 or more companies
- Lawyers
- 6
- Linked to 5 or more companies
What happened
- 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)
- 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)
- 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)
- 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
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- A filing mentions a Wells noticeForm 10-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.
- Greenberg TraurigFirst linked Dec 2022 · Named in a filing · 1,223 linked companiesSEC/DOJ scrutiny 1.01× · Went dark 1.03× · 95% wipeout 1.10×
- Haynes and BooneFirst linked Dec 2022 · Named in SEC correspondence · 353 linked companiesSEC/DOJ scrutiny 1.03× · Went dark 0.56× · 95% wipeout 0.84×
- Venable LLPFirst linked Dec 2022 · Named in SEC correspondence · 506 linked companiesSEC/DOJ scrutiny 0.79× · Went dark 0.38× · 95% wipeout 0.73×
- Weil, Gotshal & Manges LLPFirst linked Apr 2023 · Text search only · 1,051 linked companiesSEC/DOJ scrutiny 1.31× · Went dark 0.27× · 95% wipeout 0.91×
- Cozen O'Connor P.C.First linked Dec 2022 · Text search only · 163 linked companiesSEC/DOJ scrutiny 1.03× · Went dark 0.63× · 95% wipeout 0.94×
- Holland & KnightFirst linked Dec 2022 · Text search only · 413 linked companiesSEC/DOJ scrutiny 1.17× · Went dark 0.82× · 95% wipeout 1.19×
- Mayer BrownFirst linked Dec 2022 · Text search only · 680 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.34× · 95% wipeout 0.94×
- McGuireWoods LLPFirst linked Dec 2022 · Text search only · 358 linked companiesSEC/DOJ scrutiny 0.97× · Went dark 0.85× · 95% wipeout 1.11×
- Shearman & SterlingFirst linked Dec 2022 · Text search only · 2,649 linked companiesSEC/DOJ scrutiny 1.21× · Went dark 0.13× · 95% wipeout 0.87×
- Willkie FarrFirst linked Dec 2022 · Text search only · 539 linked companiesSEC/DOJ scrutiny 1.23× · Went dark 0.40× · 95% wipeout 0.84×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Greenberg Traurig | Dec 2022 | Named in a filing | 1,223 | 1.01 | 1.03 | 1.10 |
| Haynes and Boone | Dec 2022 | Named in SEC correspondence | 353 | 1.03 | 0.56 | 0.84 |
| Venable LLP | Dec 2022 | Named in SEC correspondence | 506 | 0.79 | 0.38 | 0.73 |
| Weil, Gotshal & Manges LLP | Apr 2023 | Text search only | 1,051 | 1.31 | 0.27 | 0.91 |
| Cozen O'Connor P.C. | Dec 2022 | Text search only | 163 | 1.03 | 0.63 | 0.94 |
| Holland & Knight | Dec 2022 | Text search only | 413 | 1.17 | 0.82 | 1.19 |
| Mayer Brown | Dec 2022 | Text search only | 680 | 0.98 | 0.34 | 0.94 |
| McGuireWoods LLP | Dec 2022 | Text search only | 358 | 0.97 | 0.85 | 1.11 |
| Shearman & Sterling | Dec 2022 | Text search only | 2,649 | 1.21 | 0.13 | 0.87 |
| Willkie Farr | Dec 2022 | Text search only | 539 | 1.23 | 0.40 | 0.84 |
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.
- Logan WeisslerHaynes and BooneFirst linked May 2023 · Named in SEC correspondence · 7 linked companiesSEC/DOJ scrutiny 2.54× · Went dark 0.00× · 95% wipeout 1.02×
- William N. HaddadVenable LLPFirst linked Jan 2023 · Named in SEC correspondence · 40 linked companiesSEC/DOJ scrutiny 1.71× · Went dark 0.41× · 95% wipeout 1.36×
- Arif SotoVenable LLPFirst linked Dec 2022 · Named in SEC correspondence · 12 linked companiesSEC/DOJ scrutiny 8.18× · Went dark 0.00× · 95% wipeout 1.28×
- Matthew L. FryHaynes and BooneFirst linked Dec 2022 · Named in SEC correspondence · 27 linked companiesSEC/DOJ scrutiny 0.60× · Went dark 0.00× · 95% wipeout 0.81×
- Christopher J. BelliniCozen O'Connor P.C.First linked Dec 2022 · Text search only · 16 linked companiesSEC/DOJ scrutiny 2.91× · Went dark 0.00× · 95% wipeout 0.83×
- Stephen E. OlderMcGuireWoods LLPFirst linked Dec 2022 · Text search only · 35 linked companiesSEC/DOJ scrutiny 2.92× · Went dark 0.66× · 95% wipeout 1.79×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Logan WeisslerHaynes and Boone | May 2023 | Named in SEC correspondence | 7 | 2.54 | 0.00 | 1.02 |
| William N. HaddadVenable LLP | Jan 2023 | Named in SEC correspondence | 40 | 1.71 | 0.41 | 1.36 |
| Arif SotoVenable LLP | Dec 2022 | Named in SEC correspondence | 12 | 8.18 | 0.00 | 1.28 |
| Matthew L. FryHaynes and Boone | Dec 2022 | Named in SEC correspondence | 27 | 0.60 | 0.00 | 0.81 |
| Christopher J. BelliniCozen O'Connor P.C. | Dec 2022 | Text search only | 16 | 2.91 | 0.00 | 0.83 |
| Stephen E. OlderMcGuireWoods LLP | Dec 2022 | Text search only | 35 | 2.92 | 0.66 | 1.79 |