BALLY TOTAL FITNESS HOLDING CORP BFTH (last ticker on record)

CIK 770944Its SEC filings (opens in a new tab)

Restatement
Delisting notice (not a red flag)
95% wipeout
Bankruptcy
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 Feb 2008
Largest fall in its shares: 98%; Sep 2003 to Dec 2007
Law firms: 10; Linked to 5 or more companies
Lawyers: 4; Linked to 5 or more companies

What happened

Jan 20, 2010An SEC release names it, an officer or its stockSEC release (opens in a new tab)
Dec 17, 2009SEC administrative actionSEC order (opens in a new tab)
Dec 17, 2009An SEC release names it, an officer or its stockSEC release (opens in a new tab)
Dec 17, 2009An SEC release names it, an officer or its stockSEC release (opens in a new tab)
Dec 17, 2009An SEC release names it, an officer or its stockSEC release (opens in a new tab)
Dec 17, 2009An SEC release names it, an officer or its stockSEC release (opens in a new tab)
Dec 17, 2009An SEC release names it, an officer or its stockSEC release (opens in a new tab)
Dec 17, 2009An SEC release names it, an officer or its stockSEC release (opens in a new tab)
Jun 25, 2008Far more SEC letters than usualSEC letter (opens in a new tab)
Feb 28, 2008SEC enforcement releaseSEC release (opens in a new tab)
Feb 28, 2008An SEC release names it, an officer or its stockSEC release (opens in a new tab)
Sep 20, 2007Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Aug 1, 2007Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Jun 19, 2007Shares down 95% from their high
Apr 27, 2007Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Mar 30, 2007Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Nov 16, 2004Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Apr 29, 2004A filing mentions cooperating with the SECForm 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
Bingham McCutchen	Dec 2005	Named in SEC correspondence	291	0.94	0.38	1.06
Richards, Layton & Finger, P.A.	Dec 2005	Named in SEC correspondence	995	1.46	0.37	0.80
Morgan Lewis	Dec 2005	Named in a filing	1,028	1.18	0.31	1.02
Latham & Watkins LLP	Feb 2001	Named in SEC correspondence	2,667	0.98	0.31	1.10
Kahn, Kleinman, Yanowitz & Arnson Co., L.P.A.	Jul 2000	Named in a filing	6	1.30	0.00	1.63
Benesch Friedlander Coplan & Aronoff	Mar 1997	Named in a filing	55	1.15	0.77	1.31
Paul Weiss Rifkind Wharton & Garrison	Jun 2008	Text search only	826	1.02	0.18	0.83
Jenner & Block	Dec 2005	Text search only	122	1.12	0.78	0.94
Milbank Tweed Hadley & McCloy	Sep 2005	Text search only	439	1.03	0.35	0.76
Kahn Kleinman a Legal Professional Association	Apr 2003	Text search only	5	1.48	0.00	1.93

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
Mark D. GersteinLatham & Watkins LLP	Dec 2005	Text search only	38	0.99	0.00	0.75
Richard S. MellerLatham & Watkins LLP	Dec 2005	Text search only	9	2.44	0.00	1.16
Thomas A. MonsonJenner & Block	Dec 2005	Text search only	12	1.76	0.00	1.57
Kenneth J. BaronskyMilbank Tweed Hadley & McCloy	Sep 2005	Text search only	13	0.73	1.40	1.52