Virgin Orbit Holdings, Inc. VORB (last ticker on record)
CIK 1843388Its SEC filings (opens in a new tab)
- Restatement
- 95% wipeout
- Restructuring
- Bankruptcy
- 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
- 99%
- Jan 2022 to May 2023
- Law firms
- 6
- Linked to 5 or more companies
- Lawyers
- 8
- Linked to 5 or more companies
What happened
- Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K/A (opens in a new tab)
- Delisting notice (Item 3.01)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)
- Exit or disposal costs (Item 2.05)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.
- Latham & Watkins LLPFirst linked Sep 2021 · Named in SEC correspondence · 2,667 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.31× · 95% wipeout 1.10×
- Ropes & GrayFirst linked Feb 2021 · Named in SEC correspondence · 914 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.14× · 95% wipeout 0.92×
- Skadden, Arps, Slate, Meagher & Flom LLPFirst linked Feb 2021 · Named in SEC correspondence · 2,607 linked companiesSEC/DOJ scrutiny 1.15× · Went dark 0.19× · 95% wipeout 0.85×
- Jenner & BlockFirst linked Sep 2021 · Text search only · 122 linked companiesSEC/DOJ scrutiny 1.12× · Went dark 0.78× · 95% wipeout 0.94×
- Sullivan & CromwellFirst linked Sep 2021 · Text search only · 1,047 linked companiesSEC/DOJ scrutiny 1.40× · Went dark 0.15× · 95% wipeout 0.69×
- Maples and CalderFirst linked Feb 2021 · 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 |
|---|---|---|---|---|---|---|
| Latham & Watkins LLP | Sep 2021 | Named in SEC correspondence | 2,667 | 0.98 | 0.31 | 1.10 |
| Ropes & Gray | Feb 2021 | Named in SEC correspondence | 914 | 0.98 | 0.14 | 0.92 |
| Skadden, Arps, Slate, Meagher & Flom LLP | Feb 2021 | Named in SEC correspondence | 2,607 | 1.15 | 0.19 | 0.85 |
| Jenner & Block | Sep 2021 | Text search only | 122 | 1.12 | 0.78 | 0.94 |
| Sullivan & Cromwell | Sep 2021 | Text search only | 1,047 | 1.40 | 0.15 | 0.69 |
| Maples and Calder | Feb 2021 | 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.
- Ellen SmileyLatham & Watkins LLPFirst linked Apr 2022 · Named in a filing · 12 linked companiesSEC/DOJ scrutiny 2.47× · Went dark 0.00× · 95% wipeout 1.30×
- Drew CapurroLatham & Watkins LLPFirst linked Sep 2021 · Named in SEC correspondence · 41 linked companiesSEC/DOJ scrutiny 1.04× · Went dark 0.00× · 95% wipeout 1.27×
- Howard L. EllinSkadden, Arps, Slate, Meagher & Flom LLPFirst linked Sep 2021 · Named in SEC correspondence · 54 linked companiesSEC/DOJ scrutiny 1.71× · Went dark 0.00× · 95% wipeout 1.07×
- June S. DipchandSkadden, Arps, Slate, Meagher & Flom LLPFirst linked Sep 2021 · Named in SEC correspondence · 9 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 1.27×
- Justin G. HamillLatham & Watkins LLPFirst linked Sep 2021 · Named in SEC correspondence · 20 linked companiesSEC/DOJ scrutiny 3.58× · Went dark 0.00× · 95% wipeout 2.75×
- Rachel W. SheridanLatham & Watkins LLPFirst linked Sep 2021 · Named in SEC correspondence · 45 linked companiesSEC/DOJ scrutiny 0.63× · Went dark 0.00× · 95% wipeout 1.47×
- David J. GoldschmidtSkadden, Arps, Slate, Meagher & Flom LLPFirst linked Feb 2021 · Named in SEC correspondence · 74 linked companiesSEC/DOJ scrutiny 1.03× · Went dark 0.58× · 95% wipeout 1.31×
- Gregg A. NoelSkadden, Arps, Slate, Meagher & Flom LLPFirst linked Feb 2021 · Named in SEC correspondence · 206 linked companiesSEC/DOJ scrutiny 1.74× · Went dark 0.21× · 95% wipeout 0.99×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Ellen SmileyLatham & Watkins LLP | Apr 2022 | Named in a filing | 12 | 2.47 | 0.00 | 1.30 |
| Drew CapurroLatham & Watkins LLP | Sep 2021 | Named in SEC correspondence | 41 | 1.04 | 0.00 | 1.27 |
| Howard L. EllinSkadden, Arps, Slate, Meagher & Flom LLP | Sep 2021 | Named in SEC correspondence | 54 | 1.71 | 0.00 | 1.07 |
| June S. DipchandSkadden, Arps, Slate, Meagher & Flom LLP | Sep 2021 | Named in SEC correspondence | 9 | 0.00 | 0.00 | 1.27 |
| Justin G. HamillLatham & Watkins LLP | Sep 2021 | Named in SEC correspondence | 20 | 3.58 | 0.00 | 2.75 |
| Rachel W. SheridanLatham & Watkins LLP | Sep 2021 | Named in SEC correspondence | 45 | 0.63 | 0.00 | 1.47 |
| David J. GoldschmidtSkadden, Arps, Slate, Meagher & Flom LLP | Feb 2021 | Named in SEC correspondence | 74 | 1.03 | 0.58 | 1.31 |
| Gregg A. NoelSkadden, Arps, Slate, Meagher & Flom LLP | Feb 2021 | Named in SEC correspondence | 206 | 1.74 | 0.21 | 0.99 |