GRESHAM WORLDWIDE, INC. GIGA (last ticker on record)

CIK 719274Its SEC filings (opens in a new tab)

Restatement
Delisting notice (not a red flag)
95% wipeout
Restructuring
Bankruptcy

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 2024
Largest fall in its shares: 99%; Jul 2005 to Oct 2024
Law firms: 7; Linked to 5 or more companies
Lawyers: 8; Linked to 5 or more companies

What happened

Aug 16, 2024Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Aug 16, 2024Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
May 1, 2024Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Feb 4, 2020Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Jan 31, 2018Shares down 95% from their high
Nov 2, 2017Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Oct 25, 2017Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Sep 7, 2017Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Aug 7, 2017Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Feb 10, 2017Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Nov 4, 2016Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Nov 18, 2014Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Oct 7, 2014Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Aug 15, 2014Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
May 23, 2012Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Apr 26, 2007Exit or disposal costs (Item 2.05)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
Nason, Yeager, Gerson, Harris & Fumero, P.A.	Jul 2022	Named in a filing	51	1.20	1.08	1.41
Pryor Cashman	Sep 2019	Named in SEC correspondence	229	1.28	1.25	1.28
Sheppard Mullin	Jun 2015	Named in SEC correspondence	392	1.12	0.81	1.22
Bingham McCutchen	Jul 2006	Named in a filing	291	0.94	0.38	1.06
McCutchen, Doyle, Brown & Enersen, LLP	Sep 2001	Named in a filing	41	0.51	0.00	0.82
Gibson, Dunn & Crutcher LLP	Aug 1997	Named in a filing	1,125	1.23	0.20	0.96
Brobeck, Phleger & Harrison LLP	Jun 1996	Named in SEC correspondence	350	1.17	0.81	1.52

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
Constantine ChristakisNason, Yeager, Gerson, Harris & Fumero, P.A.	Aug 2023	Named in a filing	12	1.55	2.45	0.68
Edward H. SchauderNason, Yeager, Gerson, Harris & Fumero, P.A.	Feb 2023	Named in a filing	12	2.09	1.90	1.18
Michael D. HarrisNason, Yeager, Gerson, Harris & Fumero, P.A.	Feb 2023	Named in a filing	37	1.44	1.26	1.85
Jason R. SchendelSheppard Mullin	Sep 2019	Named in a filing	13	0.00	0.00	0.65
M. Ali PanjwaniPryor Cashman	Sep 2019	Named in SEC correspondence	80	2.02	2.24	1.25
David J. GershonSheppard Mullin	Oct 2018	Named in SEC correspondence	8	0.00	0.00	0.00
Thomas G. ReddyMcCutchen, Doyle, Brown & Enersen, LLP	Sep 2001	Named in SEC correspondence	16	0.79	0.00	0.59
JON C. PERRYDLA Piper	Jun 1996	Named in SEC correspondence	5	0.00	0.00	2.13