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Midas Edge

FRONTIER FINANCIAL CORP FTBK (last ticker on record)

CIK 716457Its SEC filings (opens in a new tab)

  • 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
3
Newest began May 2010
Largest fall in its shares
99%
Nov 2006 to Dec 2010
Law firms
5
Linked to 5 or more companies
Lawyers
10
Linked to 5 or more companies

What happened

  1. Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
  2. Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
  3. Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
  4. Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
  5. 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.

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.