CIT GROUP INC CITGQ (last ticker on record)
CIK 20388Its SEC filings (opens in a new tab)
- 95% wipeout
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
- 1
- Newest began Oct 2008
- Largest fall in its shares
- 99%
- Jun 2007 to Dec 2009
- Law firms
- 5
- Linked to 5 or more companies
- Lawyers
- 2
- Linked to 5 or more companies
What happened
- Shares down 95% from their high
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.
- WILMER, CUTLER & PICKERINGFirst linked Aug 2001 · Named in a filing · 662 linked companiesSEC/DOJ scrutiny 1.14× · Went dark 0.33× · 95% wipeout 1.23×
- Richards, Layton & Finger, P.A.First linked Jul 1996 · Named in SEC correspondence · 995 linked companiesSEC/DOJ scrutiny 1.46× · Went dark 0.37× · 95% wipeout 0.78×
- Schulte Roth & ZabelFirst linked Mar 1994 · Named in SEC correspondence · 296 linked companiesSEC/DOJ scrutiny 0.93× · Went dark 0.44× · 95% wipeout 1.01×
- Cleary Gottlieb Steen & HamiltonFirst linked Dec 2003 · Text search only · 742 linked companiesSEC/DOJ scrutiny 1.30× · Went dark 0.12× · 95% wipeout 0.72×
- Davis PolkFirst linked Mar 2002 · Text search only · 1,696 linked companiesSEC/DOJ scrutiny 1.25× · Went dark 0.06× · 95% wipeout 0.99×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| WILMER, CUTLER & PICKERING | Aug 2001 | Named in a filing | 662 | 1.14 | 0.33 | 1.23 |
| Richards, Layton & Finger, P.A. | Jul 1996 | Named in SEC correspondence | 995 | 1.46 | 0.37 | 0.78 |
| Schulte Roth & Zabel | Mar 1994 | Named in SEC correspondence | 296 | 0.93 | 0.44 | 1.01 |
| Cleary Gottlieb Steen & Hamilton | Dec 2003 | Text search only | 742 | 1.30 | 0.12 | 0.72 |
| Davis Polk | Mar 2002 | Text search only | 1,696 | 1.25 | 0.06 | 0.99 |
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.
- Meredith B. CrossWILMER, CUTLER & PICKERINGFirst linked Aug 2001 · Named in a filing · 33 linked companiesSEC/DOJ scrutiny 0.94× · Went dark 0.00× · 95% wipeout 2.37×
- Andre WeissSchulte Roth & ZabelFirst linked Feb 2001 · Text search only · 14 linked companiesSEC/DOJ scrutiny 0.60× · Went dark 0.00× · 95% wipeout 1.72×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Meredith B. CrossWILMER, CUTLER & PICKERING | Aug 2001 | Named in a filing | 33 | 0.94 | 0.00 | 2.37 |
| Andre WeissSchulte Roth & Zabel | Feb 2001 | Text search only | 14 | 0.60 | 0.00 | 1.72 |