Embark Technology, Inc. EMBK (last ticker on record)
CIK 1827980Its SEC filings (opens in a new tab)
- Restatement
- 95% wipeout
- Delisting notice (not a red flag)
- 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 Mar 2023
- Largest fall in its shares
- 98%
- Oct 2021 to Dec 2022
- Law firms
- 7
- Linked to 5 or more companies
- Lawyers
- 7
- Linked to 5 or more companies
What happened
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Exit or disposal costs (Item 2.05)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.
- Goodwin ProcterFirst linked Aug 2023 · Named in a filing · 1,221 linked companiesSEC/DOJ scrutiny 0.79× · Went dark 0.31× · 95% wipeout 1.17×
- Latham & Watkins LLPFirst linked Jul 2021 · Named in SEC correspondence · 2,667 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.31× · 95% wipeout 1.10×
- Davis PolkFirst linked Dec 2020 · Named in a filing · 1,694 linked companiesSEC/DOJ scrutiny 1.26× · Went dark 0.06× · 95% wipeout 1.02×
- Husch BlackwellFirst linked Dec 2020 · Named in SEC correspondence · 154 linked companiesSEC/DOJ scrutiny 1.00× · Went dark 1.03× · 95% wipeout 1.18×
- Orrick, Herrington & Sutcliffe LLPFirst linked Jul 2021 · Text search only · 500 linked companiesSEC/DOJ scrutiny 1.12× · Went dark 0.61× · 95% wipeout 1.08×
- Winston & StrawnFirst linked Jul 2021 · Text search only · 585 linked companiesSEC/DOJ scrutiny 1.18× · Went dark 0.60× · 95% wipeout 1.02×
- Graubard MillerFirst linked Oct 2020 · Text search only · 418 linked companiesSEC/DOJ scrutiny 0.92× · Went dark 0.75× · 95% wipeout 1.16×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Goodwin Procter | Aug 2023 | Named in a filing | 1,221 | 0.79 | 0.31 | 1.17 |
| Latham & Watkins LLP | Jul 2021 | Named in SEC correspondence | 2,667 | 0.98 | 0.31 | 1.10 |
| Davis Polk | Dec 2020 | Named in a filing | 1,694 | 1.26 | 0.06 | 1.02 |
| Husch Blackwell | Dec 2020 | Named in SEC correspondence | 154 | 1.00 | 1.03 | 1.18 |
| Orrick, Herrington & Sutcliffe LLP | Jul 2021 | Text search only | 500 | 1.12 | 0.61 | 1.08 |
| Winston & Strawn | Jul 2021 | Text search only | 585 | 1.18 | 0.60 | 1.02 |
| Graubard Miller | Oct 2020 | Text search only | 418 | 0.92 | 0.75 | 1.16 |
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.
- Micheal J. ReaganDLA PiperFirst linked Aug 2023 · Named in a filing · 5 linked companiesSEC/DOJ scrutiny 1.60× · Went dark 0.00× · 95% wipeout 1.04×
- W. Stuart OggGoodwin ProcterFirst linked Aug 2023 · Named in a filing · 17 linked companiesSEC/DOJ scrutiny 1.36× · Went dark 0.00× · 95% wipeout 0.65×
- Samuel D. RettewLatham & Watkins LLPFirst linked Nov 2021 · Named in SEC correspondence · 10 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 1.72×
- Rachel W. SheridanLatham & Watkins LLPFirst linked Jul 2021 · Named in SEC correspondence · 45 linked companiesSEC/DOJ scrutiny 0.63× · Went dark 0.00× · 95% wipeout 1.47×
- Rebecca C. TaylorHusch BlackwellFirst linked Dec 2020 · Named in SEC correspondence · 5 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 1.50×
- David Alan MillerEllenoff Grossman & Schole LLPFirst linked Oct 2020 · Named in SEC correspondence · 231 linked companiesSEC/DOJ scrutiny 1.06× · Went dark 0.74× · 95% wipeout 1.33×
- Jeffrey M. GallantGraubard MillerFirst linked Oct 2020 · Named in SEC correspondence · 195 linked companiesSEC/DOJ scrutiny 0.96× · Went dark 0.64× · 95% wipeout 1.20×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Micheal J. ReaganDLA Piper | Aug 2023 | Named in a filing | 5 | 1.60 | 0.00 | 1.04 |
| W. Stuart OggGoodwin Procter | Aug 2023 | Named in a filing | 17 | 1.36 | 0.00 | 0.65 |
| Samuel D. RettewLatham & Watkins LLP | Nov 2021 | Named in SEC correspondence | 10 | 0.00 | 0.00 | 1.72 |
| Rachel W. SheridanLatham & Watkins LLP | Jul 2021 | Named in SEC correspondence | 45 | 0.63 | 0.00 | 1.47 |
| Rebecca C. TaylorHusch Blackwell | Dec 2020 | Named in SEC correspondence | 5 | 0.00 | 0.00 | 1.50 |
| David Alan MillerEllenoff Grossman & Schole LLP | Oct 2020 | Named in SEC correspondence | 231 | 1.06 | 0.74 | 1.33 |
| Jeffrey M. GallantGraubard Miller | Oct 2020 | Named in SEC correspondence | 195 | 0.96 | 0.64 | 1.20 |