COMMONWEALTH BANKSHARES INC CWBS (last ticker on record)
CIK 835012Its SEC filings (opens in a new tab)
- Restatement
- 95% wipeout
- Delisting notice (not a red flag)
- Bankruptcy
- Restructuring
- Went dark (not a red flag)
- 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
- 5
- Newest began Dec 2013
- Largest fall in its shares
- 99%
- Dec 2006 to Oct 2011
- Law firms
- 4
- Linked to 5 or more companies
- Lawyers
- 2
- Linked to 5 or more companies
What happened
- An SEC release names it, an officer or its stockSEC release (opens in a new tab)
- An SEC release names it, an officer or its stockSEC release (opens in a new tab)
- SEC action against a company that stopped filingSEC order (opens in a new tab)
- Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
- Debt accelerated (Item 2.04)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)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Shares down 95% from their high
- Said 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.
- LeClairRyan A Professional CorporationFirst linked Jun 2001 · Named in SEC correspondence · 93 linked companiesSEC/DOJ scrutiny 0.77× · Went dark 0.42× · 95% wipeout 1.10×
- Kaufman & Canoles, P.C.First linked Aug 1999 · Named in a filing · 69 linked companiesSEC/DOJ scrutiny 0.92× · Went dark 0.65× · 95% wipeout 1.46×
- Stevens & LeeFirst linked Jun 2007 · Text search only · 127 linked companiesSEC/DOJ scrutiny 1.08× · Went dark 0.74× · 95% wipeout 0.59×
- Richards, Layton & Finger, P.A.First linked Jun 2001 · Text search only · 995 linked companiesSEC/DOJ scrutiny 1.46× · Went dark 0.37× · 95% wipeout 0.80×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| LeClairRyan A Professional Corporation | Jun 2001 | Named in SEC correspondence | 93 | 0.77 | 0.42 | 1.10 |
| Kaufman & Canoles, P.C. | Aug 1999 | Named in a filing | 69 | 0.92 | 0.65 | 1.46 |
| Stevens & Lee | Jun 2007 | Text search only | 127 | 1.08 | 0.74 | 0.59 |
| Richards, Layton & Finger, P.A. | Jun 2001 | Text search only | 995 | 1.46 | 0.37 | 0.80 |
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.
- George P. WhitleyLeClairRyan A Professional CorporationFirst linked Jun 2007 · Named in SEC correspondence · 19 linked companiesSEC/DOJ scrutiny 0.72× · Went dark 1.04× · 95% wipeout 0.40×
- Scott H. RichterLeClairRyan A Professional CorporationFirst linked Jun 2001 · Named in a filing · 32 linked companiesSEC/DOJ scrutiny 0.28× · Went dark 0.49× · 95% wipeout 0.18×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| George P. WhitleyLeClairRyan A Professional Corporation | Jun 2007 | Named in SEC correspondence | 19 | 0.72 | 1.04 | 0.40 |
| Scott H. RichterLeClairRyan A Professional Corporation | Jun 2001 | Named in a filing | 32 | 0.28 | 0.49 | 0.18 |