SOUTH FINANCIAL GROUP INC TSFG (last ticker on record)

CIK 797871Its SEC filings (opens in a new tab)

Restatement
95% wipeout
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: 2; Newest began Feb 2009
Largest fall in its shares: 99%; Dec 2004 to May 2010
Law firms: 14; Linked to 5 or more companies
Lawyers: 5; Linked to 5 or more companies

What happened

Oct 6, 2010Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Aug 24, 2010Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jun 4, 2010Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Dec 10, 2009Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Feb 13, 2009Shares down 95% from their high
Oct 21, 2005Said its accounts could not be relied on (Item 4.02)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
Hogan & Hartson	Dec 2004	Named in a filing	390	1.03	0.30	1.18
Cahill Gordon & Reindel	Nov 2004	Named in a filing	598	1.03	0.18	0.77
Richards, Layton & Finger, P.A.	Nov 2004	Named in a filing	995	1.46	0.37	0.80
McGuireWoods LLP	Apr 2004	Named in a filing	358	0.97	0.85	1.11
Wachtell Lipton Rosen & Katz	Jul 2003	Named in SEC correspondence	889	1.31	0.07	0.59
Bracewell LLP	Nov 2002	Named in a filing	247	0.93	0.31	1.03
Haynsworth Sinkler Boyd, P.A.	Sep 2002	Named in a filing	23	0.62	0.00	0.39
Nelson Mullins	May 2002	Named in a filing	301	0.50	0.48	0.88
Smith Mackinnon	Apr 1999	Named in a filing	26	0.76	0.00	2.82
Breyer & Aguggia	Aug 1998	Named in a filing	21	0.33	0.00	0.85
McNair Law Firm	Apr 1998	Named in a filing	20	1.37	0.00	0.52
Sinkler & Boyd, P.A.	Jan 1995	Named in SEC correspondence	14	0.00	0.00	1.43
Wyche, Burgess, Freeman & Parham, P.A.	Jan 1995	Named in SEC correspondence	26	0.74	0.64	1.56
Akerman LLP	May 2004	Text search only	211	1.09	0.67	1.36

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
Nicholas G. DemmoWachtell Lipton Rosen & Katz	Mar 2009	Named in SEC correspondence	62	1.60	0.00	0.85
Stuart G. SteinHogan & Hartson	Dec 2004	Named in a filing	26	0.98	0.00	1.06
Bradley D. HouserHolland & Knight	May 2004	Named in a filing	25	0.00	0.65	1.79
George S. King Jr.Haynsworth Sinkler Boyd, P.A.	Sep 2002	Named in a filing	13	0.00	0.00	0.81
Neil E. GraysonNelson Mullins	May 2002	Named in a filing	44	0.21	0.00	1.11