Sorrento Therapeutics, Inc. SRNEQ (last ticker on record)
CIK 850261Its SEC filings (opens in a new tab)
- Restatement
- Restructuring
- 95% wipeout
- Bankruptcy
- 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 Feb 2023
- Largest fall in its shares
- 98%
- Feb 2021 to Feb 2023
- Law firms
- 7
- Linked to 5 or more companies
- Lawyers
- 7
- Linked to 5 or more companies
What happened
- Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
- Bankruptcy or receivership (Item 1.03)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)
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.
- Sichenzia Ross Ference LLPFirst linked Jun 2013 · Named in SEC correspondence · 1,005 linked companiesSEC/DOJ scrutiny 1.27× · Went dark 1.62× · 95% wipeout 1.26×
- Paul HastingsFirst linked Dec 2009 · Named in SEC correspondence · 768 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.72× · 95% wipeout 1.09×
- Golenbock Eiseman Assor Bell & Peskoe LLPFirst linked Jun 2008 · Named in SEC correspondence · 55 linked companiesSEC/DOJ scrutiny 0.59× · Went dark 1.50× · 95% wipeout 1.41×
- Greenberg TraurigFirst linked Apr 2021 · Text search only · 1,223 linked companiesSEC/DOJ scrutiny 1.01× · Went dark 1.03× · 95% wipeout 1.10×
- Duane MorrisFirst linked Nov 2017 · Text search only · 413 linked companiesSEC/DOJ scrutiny 0.76× · Went dark 1.28× · 95% wipeout 1.06×
- Debevoise & PlimptonFirst linked Jun 2016 · Text search only · 424 linked companiesSEC/DOJ scrutiny 1.10× · Went dark 0.14× · 95% wipeout 1.04×
- LeClairRyan A Professional CorporationFirst linked Nov 2014 · Text search only · 93 linked companiesSEC/DOJ scrutiny 0.77× · Went dark 0.42× · 95% wipeout 1.10×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Sichenzia Ross Ference LLP | Jun 2013 | Named in SEC correspondence | 1,005 | 1.27 | 1.62 | 1.26 |
| Paul Hastings | Dec 2009 | Named in SEC correspondence | 768 | 0.98 | 0.72 | 1.09 |
| Golenbock Eiseman Assor Bell & Peskoe LLP | Jun 2008 | Named in SEC correspondence | 55 | 0.59 | 1.50 | 1.41 |
| Greenberg Traurig | Apr 2021 | Text search only | 1,223 | 1.01 | 1.03 | 1.10 |
| Duane Morris | Nov 2017 | Text search only | 413 | 0.76 | 1.28 | 1.06 |
| Debevoise & Plimpton | Jun 2016 | Text search only | 424 | 1.10 | 0.14 | 1.04 |
| LeClairRyan A Professional Corporation | Nov 2014 | Text search only | 93 | 0.77 | 0.42 | 1.10 |
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.
- Elizabeth A. RazzanoPaul HastingsFirst linked Jun 2021 · Named in SEC correspondence · 11 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 2.06×
- Samantha H. EldredgePaul HastingsFirst linked Jan 2020 · Named in SEC correspondence · 12 linked companiesSEC/DOJ scrutiny 1.24× · Went dark 0.00× · 95% wipeout 1.37×
- Jeffrey J. FesslerSheppard MullinFirst linked Jun 2013 · Named in SEC correspondence · 56 linked companiesSEC/DOJ scrutiny 0.86× · Went dark 0.37× · 95% wipeout 1.21×
- Jeff HartlinPaul HastingsFirst linked Aug 2012 · Named in SEC correspondence · 20 linked companiesSEC/DOJ scrutiny 0.96× · Went dark 0.00× · 95% wipeout 1.38×
- Jeffrey T. HartlinPaul HastingsFirst linked Dec 2009 · Named in SEC correspondence · 28 linked companiesSEC/DOJ scrutiny 0.77× · Went dark 1.22× · 95% wipeout 1.70×
- Carl Van DemarkGolenbock Eiseman Assor Bell & Peskoe LLPFirst linked Jun 2008 · Named in SEC correspondence · 12 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 1.32×
- James T. SeeryDuane MorrisFirst linked Nov 2017 · Text search only · 76 linked companiesSEC/DOJ scrutiny 0.87× · Went dark 0.00× · 95% wipeout 1.14×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Elizabeth A. RazzanoPaul Hastings | Jun 2021 | Named in SEC correspondence | 11 | 0.00 | 0.00 | 2.06 |
| Samantha H. EldredgePaul Hastings | Jan 2020 | Named in SEC correspondence | 12 | 1.24 | 0.00 | 1.37 |
| Jeffrey J. FesslerSheppard Mullin | Jun 2013 | Named in SEC correspondence | 56 | 0.86 | 0.37 | 1.21 |
| Jeff HartlinPaul Hastings | Aug 2012 | Named in SEC correspondence | 20 | 0.96 | 0.00 | 1.38 |
| Jeffrey T. HartlinPaul Hastings | Dec 2009 | Named in SEC correspondence | 28 | 0.77 | 1.22 | 1.70 |
| Carl Van DemarkGolenbock Eiseman Assor Bell & Peskoe LLP | Jun 2008 | Named in SEC correspondence | 12 | 0.00 | 0.00 | 1.32 |
| James T. SeeryDuane Morris | Nov 2017 | Text search only | 76 | 0.87 | 0.00 | 1.14 |