SPECTRUM PHARMACEUTICALS INC SPPI (last ticker on record)
CIK 831547Its SEC filings (opens in a new tab)
- SEC/DOJ scrutiny
- Restatement
- 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
- 4
- Newest began Jan 2022
- Largest fall in its shares
- 98%
- Aug 2018 to Dec 2022
- Law firms
- 8
- Linked to 5 or more companies
- Lawyers
- 12
- Linked to 5 or more companies
What happened
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Shares down 95% from their high
- Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
- Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
- A filing mentions an SEC subpoenaForm 10-Q (opens in a new tab)
- A filing mentions cooperating with the SECForm 10-Q (opens in a new tab)
- A filing mentions a formal order of investigationForm 10-Q (opens in a new tab)
- A filing mentions an SEC subpoenaForm 10-Q (opens in a new tab)
- A filing mentions an SEC subpoenaForm 10-Q (opens in a new tab)
- Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
- Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
- Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
- Debt accelerated (Item 2.04)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.
- Paul HastingsFirst linked Jun 2018 · Named in SEC correspondence · 768 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.72× · 95% wipeout 1.09×
- Gibson, Dunn & Crutcher LLPFirst linked May 2007 · Named in SEC correspondence · 1,125 linked companiesSEC/DOJ scrutiny 1.23× · Went dark 0.20× · 95% wipeout 0.96×
- Latham & Watkins LLPFirst linked May 2000 · Named in SEC correspondence · 2,667 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.31× · 95% wipeout 1.10×
- Stradling Yocca Carlson & RauthFirst linked Jun 1997 · Named in SEC correspondence · 165 linked companiesSEC/DOJ scrutiny 1.18× · Went dark 1.37× · 95% wipeout 1.37×
- Cooley LLPFirst linked Apr 2019 · Text search only · 1,634 linked companiesSEC/DOJ scrutiny 0.71× · Went dark 0.44× · 95% wipeout 1.24×
- LeClairRyan A Professional CorporationFirst linked Dec 2015 · Text search only · 93 linked companiesSEC/DOJ scrutiny 0.77× · Went dark 0.42× · 95% wipeout 1.10×
- Oppenheimer Wolff & Donnelly LLPFirst linked Jul 2001 · Text search only · 91 linked companiesSEC/DOJ scrutiny 0.66× · Went dark 0.69× · 95% wipeout 0.77×
- Zukerman Gore & Brandeis, LLPFirst linked Jul 2001 · Text search only · 15 linked companiesSEC/DOJ scrutiny 1.10× · Went dark 2.37× · 95% wipeout 0.85×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Paul Hastings | Jun 2018 | Named in SEC correspondence | 768 | 0.98 | 0.72 | 1.09 |
| Gibson, Dunn & Crutcher LLP | May 2007 | Named in SEC correspondence | 1,125 | 1.23 | 0.20 | 0.96 |
| Latham & Watkins LLP | May 2000 | Named in SEC correspondence | 2,667 | 0.98 | 0.31 | 1.10 |
| Stradling Yocca Carlson & Rauth | Jun 1997 | Named in SEC correspondence | 165 | 1.18 | 1.37 | 1.37 |
| Cooley LLP | Apr 2019 | Text search only | 1,634 | 0.71 | 0.44 | 1.24 |
| LeClairRyan A Professional Corporation | Dec 2015 | Text search only | 93 | 0.77 | 0.42 | 1.10 |
| Oppenheimer Wolff & Donnelly LLP | Jul 2001 | Text search only | 91 | 0.66 | 0.69 | 0.77 |
| Zukerman Gore & Brandeis, LLP | Jul 2001 | Text search only | 15 | 1.10 | 2.37 | 0.85 |
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.
- Teri O'BrienPaul HastingsFirst linked May 2018 · Named in SEC correspondence · 12 linked companiesSEC/DOJ scrutiny 1.61× · Went dark 0.00× · 95% wipeout 1.03×
- Andrew E. ZuckermanReid and RiegeFirst linked Mar 2017 · Named in a filing · 72 linked companiesSEC/DOJ scrutiny 1.12× · Went dark 0.00× · 95% wipeout 0.72×
- Marc G. AlcserStradling Yocca Carlson & RauthFirst linked Sep 2011 · Named in SEC correspondence · 16 linked companiesSEC/DOJ scrutiny 0.45× · Went dark 4.45× · 95% wipeout 0.95×
- Susan P. KrauseStradling Yocca Carlson & RauthFirst linked Nov 2009 · Named in a filing · 6 linked companiesSEC/DOJ scrutiny 1.60× · Went dark 0.00× · 95% wipeout 1.03×
- Michael A. HedgeK&L GatesFirst linked Mar 2009 · Named in a filing · 32 linked companiesSEC/DOJ scrutiny 1.98× · Went dark 0.77× · 95% wipeout 1.98×
- James J. MoloneyGibson, Dunn & Crutcher LLPFirst linked May 2007 · Named in SEC correspondence · 40 linked companiesSEC/DOJ scrutiny 2.20× · Went dark 0.00× · 95% wipeout 0.30×
- Paul T. SchultzFirst linked May 2006 · Named in a filing · 25 linked companiesSEC/DOJ scrutiny 1.49× · Went dark 0.00× · 95% wipeout 1.41×
- Regina M. SchlatterLatham & Watkins LLPFirst linked May 2006 · Named in a filing · 18 linked companiesSEC/DOJ scrutiny 1.57× · Went dark 1.12× · 95% wipeout 0.64×
- Cary K. HydenLatham & Watkins LLPFirst linked Jun 2005 · Named in SEC correspondence · 19 linked companiesSEC/DOJ scrutiny 2.03× · Went dark 0.93× · 95% wipeout 1.06×
- C. Craig CarlsonStradling Yocca Carlson & RauthFirst linked Oct 1997 · Named in a filing · 13 linked companiesSEC/DOJ scrutiny 1.94× · Went dark 1.71× · 95% wipeout 0.83×
- Daniel I. GoldbergCooley LLPFirst linked Apr 2019 · Text search only · 184 linked companiesSEC/DOJ scrutiny 0.64× · Went dark 0.00× · 95% wipeout 1.03×
- Clifford A. BrandeisZukerman Gore & Brandeis, LLPFirst linked Jul 2001 · Text search only · 17 linked companiesSEC/DOJ scrutiny 1.12× · Went dark 2.13× · 95% wipeout 0.71×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Teri O'BrienPaul Hastings | May 2018 | Named in SEC correspondence | 12 | 1.61 | 0.00 | 1.03 |
| Andrew E. ZuckermanReid and Riege | Mar 2017 | Named in a filing | 72 | 1.12 | 0.00 | 0.72 |
| Marc G. AlcserStradling Yocca Carlson & Rauth | Sep 2011 | Named in SEC correspondence | 16 | 0.45 | 4.45 | 0.95 |
| Susan P. KrauseStradling Yocca Carlson & Rauth | Nov 2009 | Named in a filing | 6 | 1.60 | 0.00 | 1.03 |
| Michael A. HedgeK&L Gates | Mar 2009 | Named in a filing | 32 | 1.98 | 0.77 | 1.98 |
| James J. MoloneyGibson, Dunn & Crutcher LLP | May 2007 | Named in SEC correspondence | 40 | 2.20 | 0.00 | 0.30 |
| Paul T. Schultz | May 2006 | Named in a filing | 25 | 1.49 | 0.00 | 1.41 |
| Regina M. SchlatterLatham & Watkins LLP | May 2006 | Named in a filing | 18 | 1.57 | 1.12 | 0.64 |
| Cary K. HydenLatham & Watkins LLP | Jun 2005 | Named in SEC correspondence | 19 | 2.03 | 0.93 | 1.06 |
| C. Craig CarlsonStradling Yocca Carlson & Rauth | Oct 1997 | Named in a filing | 13 | 1.94 | 1.71 | 0.83 |
| Daniel I. GoldbergCooley LLP | Apr 2019 | Text search only | 184 | 0.64 | 0.00 | 1.03 |
| Clifford A. BrandeisZukerman Gore & Brandeis, LLP | Jul 2001 | Text search only | 17 | 1.12 | 2.13 | 0.71 |