ABRAXAS PETROLEUM CORP AXAS (last ticker on record)

CIK 867665Its SEC filings (opens in a new tab)

Restatement
Delisting notice (not a red flag)
95% wipeout
Restructuring

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: 3; Newest began Apr 2021
Largest fall in its shares: 99%; Jun 2014 to May 2023
Law firms: 8; Linked to 5 or more companies
Lawyers: 1; Linked to 5 or more companies

What happened

Jul 30, 2021Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
May 17, 2021Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Apr 29, 2021Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Apr 22, 2021Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Apr 22, 2021Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Jul 2, 2020Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Apr 6, 2020Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Feb 25, 2020Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Oct 30, 2019Shares down 95% from their high
Aug 28, 2019Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Nov 16, 2007Said its accounts could not be relied on (Item 4.02)Form 8-K/A (opens in a new tab)
Nov 13, 2007Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Apr 12, 2006Said its accounts could not be relied on (Item 4.02)Form 8-K/A (opens in a new tab)
Mar 22, 2006Said 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
Dykema Gossett	May 2022	Named in a filing	115	0.95	0.23	0.87
Holland & Hart	May 2016	Named in a filing	240	0.82	0.92	0.86
Winstead PC	Jun 2015	Named in a filing	121	1.19	0.85	1.27
Jackson Walker L.L.P.	Apr 2006	Named in SEC correspondence	158	1.10	0.81	1.39
Osler, Hoskin & Harcourt LLP	Jan 2000	Named in a filing	155	1.19	0.16	0.77
Bennett Jones	Jun 2001	Text search only	121	1.27	0.16	1.29
Hughes & Luce	Jun 2001	Text search only	58	1.25	0.58	2.09
P.A. Welch P. Eng.	Jun 2001	Text search only	5	0.00	0.00	2.51

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.

Steven R. JacobsJackson Walker L.L.P.First linked Sep 2005 · Named in SEC correspondence · 8 linked companiesSEC/DOJ scrutiny 1.18× · Went dark 0.00× · 95% wipeout 1.80×