Valaris Ltd VAL (last ticker on record)

CIK 314808Its SEC filings (opens in a new tab)

SEC/DOJ scrutiny
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 Aug 2020
Largest fall in its shares: 97%; Jun 2008 to Jun 2019
Law firms: 18; Linked to 5 or more companies
Lawyers: 8; Linked to 5 or more companies

What happened

Mar 5, 2021Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Aug 25, 2020Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Aug 19, 2020Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Aug 19, 2020Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Apr 21, 2020Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Mar 31, 2020Shares down 95% from their high
May 7, 2019Shares down 95% from their high
Apr 11, 1997SEC enforcement releaseSEC release (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.

Law firms linked to this company
Name	First linked	How it is known	Linked companies	SEC/DOJ scrutiny	Went dark	95% wipeout
Allen & Gledhill	Jun 2021	Named in a filing	64	0.32	0.00	1.17
Brownstein Hyatt Farber Schreck, LLP	Jun 2021	Named in a filing	223	0.67	0.75	0.97
Mourant Ozannes (Cayman)	Jun 2021	Named in a filing	54	0.76	0.00	0.63
Seward & Kissel	Jun 2021	Named in a filing	164	0.78	0.19	1.28
Kirkland & Ellis	Oct 2018	Named in SEC correspondence	1,686	0.98	0.17	0.87
Gibson, Dunn & Crutcher LLP	Jun 2017	Named in SEC correspondence	1,125	1.23	0.20	0.96
Latham & Watkins LLP	Jun 2017	Named in SEC correspondence	2,667	0.98	0.31	1.10
Slaughter and May	Apr 2016	Named in a filing	35	1.64	0.00	1.22
Baker Botts L.L.P.	Mar 2011	Named in SEC correspondence	495	1.32	0.09	1.03
Weil, Gotshal & Manges LLP	Jun 2002	Named in a filing	1,051	1.31	0.27	0.91
Akin Gump	May 1996	Named in SEC correspondence	582	1.24	0.52	1.25
Baker & McKenzie	May 1996	Named in SEC correspondence	587	1.07	0.72	1.00
Conyers Dill & Pearman	Jun 2021	Text search only	531	0.89	0.35	1.16
Maples and Calder	Jun 2021	Text search only	1,144	0.95	0.26	0.92
Shearman & Sterling	Feb 2017	Text search only	2,649	1.21	0.13	0.87
Richards, Layton & Finger, P.A.	Mar 2011	Text search only	995	1.46	0.37	0.80
Wachtell Lipton Rosen & Katz	Mar 2011	Text search only	889	1.31	0.07	0.59
Gardere Wynne Sewell LLP	Jul 2002	Text search only	117	1.13	0.97	1.24

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.

Lawyers linked to this company
Name	First linked	How it is known	Linked companies	SEC/DOJ scrutiny	Went dark	95% wipeout
Julian J. SeiguerKirkland & Ellis	Jun 2021	Named in SEC correspondence	69	0.24	0.00	1.15
Michael W. RigdonKirkland & Ellis	Jun 2021	Named in SEC correspondence	25	0.00	0.00	0.82
Debbie P. YeeLatham & Watkins LLP	Jun 2017	Named in SEC correspondence	60	0.85	0.00	1.33
Sean T. WheelerLatham & Watkins LLP	Jun 2017	Named in SEC correspondence	59	0.97	0.00	1.31
Jeremy L. MooreBaker & McKenzie	Feb 2017	Named in SEC correspondence	10	0.74	0.00	1.70
J. David Kirkland Jr.Baker Botts L.L.P.	Mar 2011	Named in SEC correspondence	30	1.17	0.00	0.47
Roger W. BivansBaker & McKenzie	Apr 2009	Named in SEC correspondence	18	0.65	1.43	1.58
Alan G. HarveyBaker & McKenzie	Aug 2006	Named in SEC correspondence	17	1.51	1.01	1.35