Digital Turbine, Inc. APPS (last ticker on record)

CIK 317788Its SEC filings (opens in a new tab)

Bankruptcy
Restructuring
Delisting notice (not a red flag)
SEC/DOJ scrutiny
Restatement
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: 5; Newest began Feb 2024
Largest fall in its shares: 98%; Mar 2021 to Nov 2024
Law firms: 10; Linked to 5 or more companies
Lawyers: 8; Linked to 5 or more companies

What happened

Feb 8, 2024Shares down 95% from their high
May 17, 2022Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Jan 29, 2019SEC administrative proceedingSEC order (opens in a new tab)
Jan 29, 2019SEC enforcement releaseSEC release (opens in a new tab)
Jan 29, 2019An SEC release names it, an officer or its stockSEC release (opens in a new tab)
Jun 12, 2018A filing mentions a Wells noticeForm 10-K (opens in a new tab)
Nov 28, 2016Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Sep 29, 2016A filing mentions cooperating with the SECForm 8-K (opens in a new tab)
Mar 3, 2010Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Mar 30, 2005Bankruptcy or receivership (Item 1.03)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.

Law firms linked to this company
Name	First linked	How it is known	Linked companies	SEC/DOJ scrutiny	Went dark	95% wipeout
Jackson Walker L.L.P.	Nov 2020	Named in a filing	158	1.10	0.81	1.39
Herzog Fox & Neeman	Dec 2016	Named in a filing	20	0.66	0.00	1.02
Manatt, Phelps & Phillips, LLP	Jul 2012	Named in SEC correspondence	169	0.88	0.82	1.25
Kaufman & Moomjian, LLC	Jan 2001	Named in a filing	7	2.10	5.80	1.73
Brown Raysman Millstein Felder & Steiner	Jan 2000	Named in a filing	25	2.09	0.57	1.47
Stevens & Lee	Sep 1997	Named in a filing	127	1.08	0.74	0.59
Nixon Peabody	Jan 2015	Text search only	196	1.13	0.78	0.90
Goodwin Procter	Dec 2014	Text search only	1,221	0.79	0.31	1.17
Latham & Watkins LLP	Dec 2014	Text search only	2,667	0.98	0.31	1.10
Jenner & Block	May 2002	Text search only	122	1.12	0.78	0.94

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
Michael F. MeskillJackson Walker L.L.P.	Nov 2020	Named in a filing	6	0.00	0.00	1.18
Matthew S. O'LoughlinManatt, Phelps & Phillips, LLP	Oct 2016	Named in SEC correspondence	9	1.04	1.94	1.74
Katherine J. BlairManatt, Phelps & Phillips, LLP	Dec 2014	Named in SEC correspondence	30	0.95	0.97	1.22
Ben D. OrlanskiManatt, Phelps & Phillips, LLP	Jul 2013	Named in SEC correspondence	13	1.42	1.95	2.02
Gary T. MoomjianMoomjian Waite & Coleman	Jan 2001	Named in a filing	12	0.58	4.57	0.81
David M. WheelerLatham & Watkins LLP	Dec 2014	Text search only	7	2.56	0.00	1.40
Joseph C. Theis Jr.Goodwin Procter	Dec 2014	Text search only	31	1.01	0.00	1.01
W. Alex VoxmanLatham & Watkins LLP	Dec 2014	Text search only	10	2.89	2.69	1.17