CLOVER HEALTH INVESTMENTS, CORP. /DE CLOV (last ticker on record)

CIK 1801170Its SEC filings (opens in a new tab)

SEC/DOJ scrutiny
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: 4; Newest began Apr 2023
Largest fall in its shares: 96%; Jun 2021 to Apr 2024
Law firms: 10; Linked to 5 or more companies
Lawyers: 11; Linked to 5 or more companies

What happened

Apr 5, 2024Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Dec 1, 2023Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
Apr 21, 2023Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Apr 20, 2023Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
Mar 27, 2023Shares down 95% from their high
May 17, 2021Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Mar 31, 2021A filing mentions cooperating with the SECForm 10-K (opens in a new tab)
Mar 31, 2021A filing mentions an SEC subpoenaForm 10-K (opens in a new tab)
Dec 14, 2020Delisting 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
Fried Frank	Mar 2022	Named in SEC correspondence	540	1.33	0.24	0.94
Latham & Watkins LLP	Aug 2021	Named in SEC correspondence	2,667	0.98	0.31	1.10
Orrick, Herrington & Sutcliffe LLP	Oct 2020	Named in SEC correspondence	500	1.12	0.61	1.08
Maples and Calder	Jan 2020	Named in a filing	1,144	0.95	0.26	0.92
Shearman & Sterling	Jan 2020	Named in SEC correspondence	2,649	1.21	0.13	0.87
Skadden, Arps, Slate, Meagher & Flom LLP	Jan 2020	Named in SEC correspondence	2,607	1.15	0.19	0.85
Lowenstein Sandler	Oct 2020	Text search only	297	1.12	0.70	1.42
Wilson Sonsini Goodrich & Rosati	Oct 2020	Text search only	1,468	1.09	0.60	1.42
Covington & Burling	Jan 2020	Text search only	447	1.07	0.27	0.99
Morrison & Foerster	Jan 2020	Text search only	825	1.17	0.55	1.15

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
Andrew B. BarkanFried Frank	May 2022	Named in SEC correspondence	24	0.72	0.00	1.58
Brian HechtKirkland & Ellis	May 2022	Named in SEC correspondence	15	0.00	0.00	0.94
Amy BlackmanFried Frank	Mar 2022	Named in a filing	5	0.00	—	2.96
Brian J. CuneoLatham & Watkins LLP	Aug 2021	Named in SEC correspondence	71	0.54	0.00	1.81
Justin HoOrrick, Herrington & Sutcliffe LLP	Apr 2021	Named in a filing	6	1.67	0.00	2.07
Christopher M. BarlowSkadden, Arps, Slate, Meagher & Flom LLP	Oct 2020	Named in SEC correspondence	11	2.01	—	1.63
Stephen B. ThauMorrison & Foerster	Oct 2020	Named in SEC correspondence	17	0.50	1.52	1.19
William L. HughesFenwick & West LLP	Oct 2020	Named in SEC correspondence	41	1.12	0.94	1.37
Gregg A. NoelSkadden, Arps, Slate, Meagher & Flom LLP	Jan 2020	Named in SEC correspondence	206	1.74	0.21	0.99
Howard L. EllinSkadden, Arps, Slate, Meagher & Flom LLP	Jan 2020	Named in SEC correspondence	54	1.71	0.00	1.07
P. Michelle GasawaySkadden, Arps, Slate, Meagher & Flom LLP	Oct 2020	Text search only	70	1.01	0.00	0.85