LSB INDUSTRIES, INC. LXU (last ticker on record)

CIK 60714Its SEC filings (opens in a new tab)

Restatement
Delisting notice (not a red flag)
Restructuring
95% wipeout
SEC/DOJ scrutiny

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 Sep 2024
Largest fall in its shares: 97%; May 2011 to Jun 2020
Law firms: 5; Linked to 5 or more companies
Lawyers: 11; Linked to 5 or more companies

What happened

Sep 9, 2024SEC administrative actionSEC order (opens in a new tab)
Sep 9, 2024SEC administrative proceedingSEC order (opens in a new tab)
Feb 24, 2020Shares down 95% from their high
Oct 4, 2016Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Aug 6, 2010A filing mentions a grand jury subpoenaForm 10-Q (opens in a new tab)
Jul 17, 2009SEC administrative proceedingSEC order (opens in a new tab)
Jul 17, 2009SEC enforcement releaseSEC release (opens in a new tab)
Jul 17, 2009An SEC release names it, an officer or its stockSEC release (opens in a new tab)
Oct 15, 2008Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Apr 1, 2008A filing mentions a Wells noticeForm 8-K (opens in a new tab)
Nov 22, 2005Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Aug 10, 2004A filing mentions a grand jury subpoenaForm 10-Q (opens in a new tab)
Apr 1, 2002A filing mentions a grand jury subpoenaForm 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
Haynes and Boone	Jun 2025	Named in SEC correspondence	353	1.03	0.56	0.84
Ropes & Gray	May 2021	Named in SEC correspondence	914	0.98	0.14	0.92
Vinson & Elkins L.L.P.	Mar 2016	Named in SEC correspondence	783	1.09	0.11	1.03
Conner & Winters	Jun 1998	Named in SEC correspondence	66	1.06	0.19	1.00
Shearman & Sterling	Apr 2014	Text search only	2,649	1.21	0.13	0.87

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
Greg R. SamuelHaynes and Boone	Jun 2025	Named in SEC correspondence	19	0.42	1.47
Craig E. MarcusRopes & Gray	May 2021	Named in SEC correspondence	45	0.68	0.94
Robert L. KimballVinson & Elkins L.L.P.	Mar 2016	Named in SEC correspondence	25	2.50	0.63
Irwin H. SteinhornConner & Winters	May 2006	Named in SEC correspondence	6	2.24	1.20
C. Raymond Patton Jr.Conner & Winters	Oct 2007	Text search only	5	1.43	1.99
Greg S. ScharlauConner & Winters	Oct 2007	Text search only	10	1.43	1.88
J. Ryan SacraConner & Winters	Oct 2007	Text search only	5	1.36	1.69
Jason B. CoutantConner & Winters	Oct 2007	Text search only	7	1.01	1.73
Mark D. BermanConner & Winters	Oct 2007	Text search only	11	1.76	1.10
ROBERT A. CURRYConner & Winters	Oct 2007	Text search only	13	1.80	0.54
Robert J. MelgaardConner & Winters	Oct 2007	Text search only	15	1.79	1.18