Volta Inc. VLTA (last ticker on record)
CIK 1819584Its SEC filings (opens in a new tab)
- Restatement
- 95% wipeout
- 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
- 2
- Newest began Nov 2022
- Largest fall in its shares
- 97%
- Sep 2021 to Dec 2022
- Law firms
- 9
- Linked to 5 or more companies
- Lawyers
- 5
- 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)
- Shares down 95% from their high
- Said its accounts could not be relied on (Item 4.02)Form 8-K/A (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)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.
- Shearman & SterlingFirst linked Mar 2023 · Named in a filing · 2,649 linked companiesSEC/DOJ scrutiny 1.21× · Went dark 0.13× · 95% wipeout 0.87×
- Orrick, Herrington & Sutcliffe LLPFirst linked May 2021 · Named in SEC correspondence · 500 linked companiesSEC/DOJ scrutiny 1.12× · Went dark 0.61× · 95% wipeout 1.08×
- Skadden, Arps, Slate, Meagher & Flom LLPFirst linked Jul 2020 · Named in SEC correspondence · 2,607 linked companiesSEC/DOJ scrutiny 1.15× · Went dark 0.19× · 95% wipeout 0.85×
- Vinson & Elkins L.L.P.First linked Jul 2020 · Named in SEC correspondence · 783 linked companiesSEC/DOJ scrutiny 1.09× · Went dark 0.11× · 95% wipeout 1.03×
- Ropes & GrayFirst linked May 2021 · Text search only · 914 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.14× · 95% wipeout 0.92×
- Crowell & MoringFirst linked Jul 2020 · Text search only · 59 linked companiesSEC/DOJ scrutiny 1.69× · Went dark 2.10× · 95% wipeout 1.49×
- Debevoise & PlimptonFirst linked Jul 2020 · Text search only · 424 linked companiesSEC/DOJ scrutiny 1.10× · Went dark 0.14× · 95% wipeout 1.04×
- Katten Muchin Rosenman LLPFirst linked Jul 2020 · Text search only · 268 linked companiesSEC/DOJ scrutiny 0.76× · Went dark 0.58× · 95% wipeout 1.22×
- Maples and CalderFirst linked Jul 2020 · Text search only · 1,144 linked companiesSEC/DOJ scrutiny 0.95× · Went dark 0.26× · 95% wipeout 0.92×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Shearman & Sterling | Mar 2023 | Named in a filing | 2,649 | 1.21 | 0.13 | 0.87 |
| Orrick, Herrington & Sutcliffe LLP | May 2021 | Named in SEC correspondence | 500 | 1.12 | 0.61 | 1.08 |
| Skadden, Arps, Slate, Meagher & Flom LLP | Jul 2020 | Named in SEC correspondence | 2,607 | 1.15 | 0.19 | 0.85 |
| Vinson & Elkins L.L.P. | Jul 2020 | Named in SEC correspondence | 783 | 1.09 | 0.11 | 1.03 |
| Ropes & Gray | May 2021 | Text search only | 914 | 0.98 | 0.14 | 0.92 |
| Crowell & Moring | Jul 2020 | Text search only | 59 | 1.69 | 2.10 | 1.49 |
| Debevoise & Plimpton | Jul 2020 | Text search only | 424 | 1.10 | 0.14 | 1.04 |
| Katten Muchin Rosenman LLP | Jul 2020 | Text search only | 268 | 0.76 | 0.58 | 1.22 |
| Maples and Calder | Jul 2020 | Text search only | 1,144 | 0.95 | 0.26 | 0.92 |
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.
- Michael S. DorfShearman & SterlingFirst linked Mar 2023 · Named in a filing · 18 linked companiesSEC/DOJ scrutiny 1.59× · Went dark 1.36× · 95% wipeout 1.40×
- Albert VanderlaanOrrick, Herrington & Sutcliffe LLPFirst linked May 2021 · Named in SEC correspondence · 29 linked companiesSEC/DOJ scrutiny 0.95× · Went dark 0.00× · 95% wipeout 0.93×
- Brenda LenahanVinson & Elkins L.L.P.First linked Jul 2020 · Named in SEC correspondence · 31 linked companiesSEC/DOJ scrutiny 1.52× · Went dark 0.00× · 95% wipeout 1.36×
- Gregg A. NoelSkadden, Arps, Slate, Meagher & Flom LLPFirst linked Jul 2020 · Named in SEC correspondence · 206 linked companiesSEC/DOJ scrutiny 1.74× · Went dark 0.21× · 95% wipeout 0.99×
- Michael J. MiesSkadden, Arps, Slate, Meagher & Flom LLPFirst linked Jul 2020 · Named in SEC correspondence · 57 linked companiesSEC/DOJ scrutiny 1.98× · Went dark 0.00× · 95% wipeout 1.36×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Michael S. DorfShearman & Sterling | Mar 2023 | Named in a filing | 18 | 1.59 | 1.36 | 1.40 |
| Albert VanderlaanOrrick, Herrington & Sutcliffe LLP | May 2021 | Named in SEC correspondence | 29 | 0.95 | 0.00 | 0.93 |
| Brenda LenahanVinson & Elkins L.L.P. | Jul 2020 | Named in SEC correspondence | 31 | 1.52 | 0.00 | 1.36 |
| Gregg A. NoelSkadden, Arps, Slate, Meagher & Flom LLP | Jul 2020 | Named in SEC correspondence | 206 | 1.74 | 0.21 | 0.99 |
| Michael J. MiesSkadden, Arps, Slate, Meagher & Flom LLP | Jul 2020 | Named in SEC correspondence | 57 | 1.98 | 0.00 | 1.36 |