WeWork Inc. WE (last ticker on record)

CIK 1813756Its SEC filings (opens in a new tab)

Restatement
SEC/DOJ scrutiny
95% wipeout
Bankruptcy
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: 5; Newest began Nov 2023
Largest fall in its shares: 99%; Oct 2021 to Dec 2023
Law firms: 17; Linked to 5 or more companies
Lawyers: 22; Linked to 5 or more companies

What happened

Jun 12, 2024Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Jun 3, 2024Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Nov 9, 2023Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Nov 7, 2023Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Nov 7, 2023Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Aug 22, 2023Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jun 29, 2023Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Apr 18, 2023Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Apr 10, 2023Shares down 95% from their high
Mar 17, 2022A filing mentions cooperating with the SECForm 10-K (opens in a new tab)
Dec 1, 2021Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Oct 8, 2021Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
May 12, 2021Said 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.

Law firms linked to this company
Name	First linked	How it is known	Linked companies	SEC/DOJ scrutiny	Went dark	95% wipeout
Kirkland & Ellis	Jun 2024	Named in a filing	1,686	0.98	0.17	0.87
Covington & Burling	Dec 2021	Named in SEC correspondence	447	1.07	0.27	0.99
Cooley LLP	May 2021	Named in SEC correspondence	1,634	0.71	0.44	1.24
Graubard Miller	Jun 2020	Named in SEC correspondence	418	0.92	0.75	1.16
Skadden, Arps, Slate, Meagher & Flom LLP	Jun 2020	Named in SEC correspondence	2,607	1.15	0.19	0.85
Latham & Watkins LLP	May 2023	Text search only	2,667	0.98	0.31	1.10
Maples and Calder	Sep 2021	Text search only	1,144	0.95	0.26	0.92
Paul Weiss Rifkind Wharton & Garrison	Sep 2021	Text search only	826	1.02	0.18	0.83
Morgan Lewis	Jul 2021	Text search only	1,028	1.18	0.31	1.02
Cravath Swaine & Moore	May 2021	Text search only	839	1.29	0.03	0.85
Morrison & Foerster	May 2021	Text search only	825	1.17	0.55	1.15
Paul Hastings	May 2021	Text search only	768	0.98	0.72	1.09
Sullivan & Cromwell	May 2021	Text search only	1,047	1.40	0.15	0.69
Weil, Gotshal & Manges LLP	May 2021	Text search only	1,051	1.31	0.27	0.91
Willkie Farr	May 2021	Text search only	539	1.23	0.40	0.84
WILMER, CUTLER & PICKERING	May 2021	Text search only	662	1.14	0.33	1.26
Wilson Sonsini Goodrich & Rosati	May 2021	Text search only	1,468	1.09	0.60	1.42

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
Kerry S. BurkeCovington & Burling	Dec 2021	Named in SEC correspondence	22	1.90	0.00	1.10
Eric BlanchardCooley LLP	Jun 2021	Named in SEC correspondence	42	0.91	0.00	0.84
C. Michael ChitwoodSkadden, Arps, Slate, Meagher & Flom LLP	May 2021	Named in SEC correspondence	12	3.87	0.00	0.83
Dave PeinsippCooley LLP	May 2021	Named in SEC correspondence	43	1.69	0.00	1.73
David PeinsippCooley LLP	May 2021	Named in SEC correspondence	86	1.13	0.00	1.55
Garth OstermanCooley LLP	May 2021	Named in SEC correspondence	11	2.28	0.00	1.71
Howard L. EllinSkadden, Arps, Slate, Meagher & Flom LLP	May 2021	Named in SEC correspondence	54	1.71	0.00	1.07
Kevin CooperCooley LLP	May 2021	Named in SEC correspondence	12	1.76	0.00	0.93
P. Michelle GasawaySkadden, Arps, Slate, Meagher & Flom LLP	May 2021	Named in SEC correspondence	70	1.01	0.00	0.85
Richard SegalCooley LLP	May 2021	Named in SEC correspondence	43	0.57	0.00	1.38
David Alan MillerEllenoff Grossman & Schole LLP	Jun 2020	Named in SEC correspondence	231	1.06	0.74	1.33
David J. GoldschmidtSkadden, Arps, Slate, Meagher & Flom LLP	Jun 2020	Named in SEC correspondence	74	1.03	0.58	1.31
Gregg A. NoelSkadden, Arps, Slate, Meagher & Flom LLP	Jun 2020	Named in SEC correspondence	206	1.74	0.21	0.99
Jeffrey M. GallantGraubard Miller	Jun 2020	Named in SEC correspondence	195	0.96	0.64	1.20
Ryan J. DzierniejkoSkadden, Arps, Slate, Meagher & Flom LLP	Nov 2021	Text search only	69	0.62	0.00	0.86
Ariel J. DeckelbaumPaul Weiss Rifkind Wharton & Garrison	Sep 2021	Text search only	22	0.31	2.15	1.67
Michael VogelPaul Weiss Rifkind Wharton & Garrison	Sep 2021	Text search only	13	0.88	0.00	1.33
Sonia K. NijjarSkadden, Arps, Slate, Meagher & Flom LLP	Sep 2021	Text search only	8	2.40	0.00	4.85
Corey R. ChiversWeil, Gotshal & Manges LLP	May 2021	Text search only	38	1.63	0.00	1.48
Graham RobinsonSkadden, Arps, Slate, Meagher & Flom LLP	May 2021	Text search only	42	0.70	0.00	0.69
Jamie LeighCooley LLP	May 2021	Text search only	19	0.75	0.00	0.24
Jonathan KoPaul Hastings	May 2021	Text search only	65	1.63	0.00	0.97