Sunlight Financial Holdings Inc. SUNL (last ticker on record)
CIK 1821850Its SEC filings (opens in a new tab)
- Restatement
- 95% wipeout
- Delisting notice (not a red flag)
- Bankruptcy
- 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
- 4
- Newest began Oct 2023
- Largest fall in its shares
- 99%
- Jul 2021 to Oct 2023
- Law firms
- 9
- Linked to 5 or more companies
- Lawyers
- 5
- Linked to 5 or more companies
What happened
- Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
- Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
- Bankruptcy or receivership (Item 1.03)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)
- Shares down 95% from their high
- 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.
- Hunton Andrews Kurth LLPFirst linked Mar 2021 · Named in SEC correspondence · 161 linked companiesSEC/DOJ scrutiny 1.26× · Went dark 0.00× · 95% wipeout 0.83×
- Vinson & Elkins L.L.P.First linked Aug 2020 · Named in SEC correspondence · 783 linked companiesSEC/DOJ scrutiny 1.09× · Went dark 0.11× · 95% wipeout 1.03×
- Kramer Levin NaftalisFirst linked May 2021 · Text search only · 304 linked companiesSEC/DOJ scrutiny 0.95× · Went dark 0.68× · 95% wipeout 1.16×
- Morrison & FoersterFirst linked May 2021 · Text search only · 825 linked companiesSEC/DOJ scrutiny 1.17× · Went dark 0.55× · 95% wipeout 1.15×
- Weil, Gotshal & Manges LLPFirst linked May 2021 · Text search only · 1,051 linked companiesSEC/DOJ scrutiny 1.31× · Went dark 0.27× · 95% wipeout 0.91×
- Gibson, Dunn & Crutcher LLPFirst linked Mar 2021 · Text search only · 1,125 linked companiesSEC/DOJ scrutiny 1.23× · Went dark 0.20× · 95% wipeout 0.96×
- Kirkland & EllisFirst linked Mar 2021 · Text search only · 1,686 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.17× · 95% wipeout 0.87×
- Milbank Tweed Hadley & McCloyFirst linked Mar 2021 · Text search only · 439 linked companiesSEC/DOJ scrutiny 1.03× · Went dark 0.35× · 95% wipeout 0.76×
- Davis PolkFirst linked Oct 2020 · Text search only · 1,694 linked companiesSEC/DOJ scrutiny 1.26× · Went dark 0.06× · 95% wipeout 1.02×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Hunton Andrews Kurth LLP | Mar 2021 | Named in SEC correspondence | 161 | 1.26 | 0.00 | 0.83 |
| Vinson & Elkins L.L.P. | Aug 2020 | Named in SEC correspondence | 783 | 1.09 | 0.11 | 1.03 |
| Kramer Levin Naftalis | May 2021 | Text search only | 304 | 0.95 | 0.68 | 1.16 |
| Morrison & Foerster | May 2021 | Text search only | 825 | 1.17 | 0.55 | 1.15 |
| Weil, Gotshal & Manges LLP | May 2021 | Text search only | 1,051 | 1.31 | 0.27 | 0.91 |
| Gibson, Dunn & Crutcher LLP | Mar 2021 | Text search only | 1,125 | 1.23 | 0.20 | 0.96 |
| Kirkland & Ellis | Mar 2021 | Text search only | 1,686 | 0.98 | 0.17 | 0.87 |
| Milbank Tweed Hadley & McCloy | Mar 2021 | Text search only | 439 | 1.03 | 0.35 | 0.76 |
| Davis Polk | Oct 2020 | Text search only | 1,694 | 1.26 | 0.06 | 1.02 |
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 O LearyAndrews Kurth LLPFirst linked Mar 2021 · Named in SEC correspondence · 67 linked companiesSEC/DOJ scrutiny 1.30× · Went dark 0.56× · 95% wipeout 1.11×
- John KupiecVinson & Elkins L.L.P.First linked Mar 2021 · Named in SEC correspondence · 5 linked companiesSEC/DOJ scrutiny 2.64× · Went dark 0.00× · 95% wipeout 1.14×
- Taylor E. LandryHunton Andrews Kurth LLPFirst linked Mar 2021 · Named in SEC correspondence · 9 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 0.61×
- Brenda LenahanVinson & Elkins L.L.P.First linked Aug 2020 · Named in SEC correspondence · 31 linked companiesSEC/DOJ scrutiny 1.52× · Went dark 0.00× · 95% wipeout 1.36×
- Scott GolenbockMilbank Tweed Hadley & McCloyFirst linked Mar 2021 · Text search only · 16 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 1.43×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Michael O LearyAndrews Kurth LLP | Mar 2021 | Named in SEC correspondence | 67 | 1.30 | 0.56 | 1.11 |
| John KupiecVinson & Elkins L.L.P. | Mar 2021 | Named in SEC correspondence | 5 | 2.64 | 0.00 | 1.14 |
| Taylor E. LandryHunton Andrews Kurth LLP | Mar 2021 | Named in SEC correspondence | 9 | 0.00 | 0.00 | 0.61 |
| Brenda LenahanVinson & Elkins L.L.P. | Aug 2020 | Named in SEC correspondence | 31 | 1.52 | 0.00 | 1.36 |
| Scott GolenbockMilbank Tweed Hadley & McCloy | Mar 2021 | Text search only | 16 | 0.00 | 0.00 | 1.43 |