PHI Group, Inc./DE PHIKQ (last ticker on record)

CIK 350403Its SEC filings (opens in a new tab)

SEC/DOJ scrutiny
95% wipeout
Bankruptcy
Restructuring
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 Mar 2019
Largest fall in its shares: 97%; Apr 2014 to Mar 2019
Law firms: 11; Linked to 5 or more companies
Lawyers: 8; Linked to 5 or more companies

What happened

Aug 6, 2019Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Mar 21, 2019Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Mar 15, 2019Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Mar 15, 2019Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Dec 19, 2018Shares down 95% from their high
Mar 10, 2006A filing mentions cooperating with the Justice DepartmentForm 10-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
Gibson, Dunn & Crutcher LLP	Jul 2023	Named in SEC correspondence	1,125	1.23	0.20	0.96
Akin Gump	Apr 2002	Named in SEC correspondence	582	1.24	0.52	1.25
Correro Fishman Haygood Phelps Walmsley & Casteix, L.L.P.	Mar 1999	Named in a filing	14	3.10	0.00	1.37
Jones Walker	Nov 1994	Named in SEC correspondence	161	1.34	0.23	0.94
DLA Piper	Aug 2023	Text search only	1,184	1.00	0.45	1.20
Holland & Knight	Aug 2023	Text search only	413	1.17	0.82	1.19
McAfee & Taft A Professional Corporation	Aug 2023	Text search only	63	1.24	0.44	1.29
Milbank Tweed Hadley & McCloy	Aug 2023	Text search only	439	1.03	0.35	0.76
Shearman & Sterling	Dec 2010	Text search only	2,649	1.21	0.13	0.87
Cahill Gordon & Reindel	Apr 2002	Text search only	598	1.03	0.18	0.77
Gardere Wynne Sewell LLP	Apr 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	95% wipeout
Brian LaneGibson, Dunn & Crutcher LLP	Aug 2023	Named in SEC correspondence	52	1.93	0.71
Hillary H. HolmesGibson, Dunn & Crutcher LLP	Jul 2023	Named in SEC correspondence	44	1.21	1.48
Peter W. WardleGibson, Dunn & Crutcher LLP	Jul 2023	Named in SEC correspondence	26	0.83	1.74
Hope M. SpencerJones Walker	Aug 2019	Named in a filing	6	0.00	0.00
Kenneth J. NajderJones Walker	May 2014	Named in a filing	5	0.00	1.50
Anthony J. Correro IIICorrero Fishman Haygood Phelps Walmsley & Casteix, L.L.P.	Mar 1999	Named in a filing	7	3.38	1.39
Margaret F. MurphyJones Walker	Mar 1996	Named in a filing	32	1.87	1.65
Richard E. FarleyCahill Gordon & Reindel	Apr 2002	Text search only	11	3.12	0.90