HERON THERAPEUTICS, INC. HRTX (last ticker on record)

CIK 818033Its SEC filings (opens in a new tab)

Restructuring
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 Mar 2023
Largest fall in its shares: 99%; Jun 2018 to Aug 2026
Law firms: 8; Linked to 5 or more companies
Lawyers: 12; Linked to 5 or more companies

What happened

Jun 25, 2026Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Mar 22, 2023Shares down 95% from their high
Jun 30, 2022Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
Jul 17, 2019Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jan 29, 2016Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jun 2, 2011Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Apr 4, 2011Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Nov 22, 2010Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
May 20, 2010Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Nov 24, 2009Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Oct 28, 2009Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Sep 21, 2009Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jul 20, 2009Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Apr 8, 2009Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Nov 5, 2008Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
May 15, 2007Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Nov 16, 2005Delisting notice (Item 3.01)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
DLA Piper	Sep 2025	Named in SEC correspondence	1,184	1.00	0.45	1.20
K&L Gates	Aug 2024	Named in a filing	723	1.06	1.35	1.18
Cooley LLP	Jun 2023	Named in a filing	1,634	0.71	0.44	1.24
Gibson, Dunn & Crutcher LLP	May 2014	Named in SEC correspondence	1,125	1.23	0.20	0.96
Ropes & Gray	May 2011	Named in SEC correspondence	914	0.98	0.14	0.92
Latham & Watkins LLP	Oct 2009	Named in a filing	2,667	0.98	0.31	1.10
Heller Ehrman	Apr 1995	Named in SEC correspondence	256	1.00	0.76	0.96
McDermott Will & Schulte LLP	Sep 2025	Text search only	22	0.91	0.00	0.52

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
Andrew P. GilbertDLA Piper	Sep 2025	Named in SEC correspondence	49	0.65	0.50	1.01
Emilio RagosaMorgan Lewis	Sep 2025	Named in SEC correspondence	18	0.00	0.00	1.12
Justin A. KisnerCooley LLP	Jun 2023	Named in a filing	7	0.00	0.00	0.63
Matthew T. BrowneCooley LLP	Jun 2023	Named in a filing	29	1.20	0.00	1.02
Reid S. HooperCooley LLP	Jun 2023	Named in a filing	18	0.96	0.00	0.92
Ryan A. MurrGibson, Dunn & Crutcher LLP	May 2011	Named in SEC correspondence	77	0.53	0.77	0.66
Alan C. MendelsonLatham & Watkins LLP	Nov 2009	Named in a filing	95	0.60	0.19	1.35
John J. HuberLatham & Watkins LLP	Nov 2009	Named in a filing	61	1.12	0.00	1.74
Kyle GuseHeller Ehrman	Apr 2007	Named in a filing	11	1.35	0.00	1.02
Marina RemennikCooley LLP	Apr 2007	Named in a filing	16	0.47	2.49	1.03
Julian N. SternHeller Ehrman	May 2004	Named in a filing	6	0.71	0.00	0.86
Richard A. PeersHeller Ehrman	Jun 1996	Named in SEC correspondence	13	0.53	0.00	2.24