Legacy IMBDS, Inc. IMBI (last ticker on record)
CIK 870826Its SEC filings (opens in a new tab)
- SEC/DOJ scrutiny
- Delisting notice (not a red flag)
- 95% wipeout
- Restructuring
- Bankruptcy
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 Jun 2023
- Largest fall in its shares
- 99%
- Jun 2021 to Aug 2023
- Law firms
- 10
- 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)
- 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)
- 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)
- Shares down 95% from their high
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
- Shares down 95% from their high
- 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)
- Far more SEC letters than usualSEC letter (opens in a new tab)
- Shares down 95% from their high
- Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
- Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
- Exit or disposal costs (Item 2.05)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.
- Faegre Drinker Biddle & Reath LLPFirst linked Jul 2020 · Named in SEC correspondence · 138 linked companiesSEC/DOJ scrutiny 1.29× · Went dark 4.29× · 95% wipeout 1.16×
- Gray Plant Mooty Mooty & BennettFirst linked Oct 2016 · Named in SEC correspondence · 43 linked companiesSEC/DOJ scrutiny 1.17× · Went dark 1.19× · 95% wipeout 1.25×
- Barnes & ThornburgFirst linked Feb 2014 · Named in SEC correspondence · 167 linked companiesSEC/DOJ scrutiny 1.07× · Went dark 0.70× · 95% wipeout 0.86×
- Faegre Baker DanielsFirst linked Jan 2012 · Named in SEC correspondence · 145 linked companiesSEC/DOJ scrutiny 1.06× · Went dark 0.34× · 95% wipeout 1.16×
- Latham & Watkins LLPFirst linked Jul 2005 · Named in SEC correspondence · 2,667 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.31× · 95% wipeout 1.10×
- Faegre & BensonFirst linked Sep 2000 · Named in SEC correspondence · 160 linked companiesSEC/DOJ scrutiny 0.90× · Went dark 0.59× · 95% wipeout 1.08×
- Maslon Edelman Borman & Brand, LLPFirst linked Nov 1997 · Named in a filing · 88 linked companiesSEC/DOJ scrutiny 0.65× · Went dark 0.83× · 95% wipeout 1.52×
- Drinker Biddle & ReathFirst linked Jul 2020 · Text search only · 213 linked companiesSEC/DOJ scrutiny 1.46× · Went dark 0.77× · 95% wipeout 1.25×
- Schulte Roth & ZabelFirst linked May 2014 · Text search only · 296 linked companiesSEC/DOJ scrutiny 0.93× · Went dark 0.44× · 95% wipeout 0.99×
- Baker & DanielsFirst linked Jan 2012 · Text search only · 129 linked companiesSEC/DOJ scrutiny 1.11× · Went dark 0.45× · 95% wipeout 1.22×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Faegre Drinker Biddle & Reath LLP | Jul 2020 | Named in SEC correspondence | 138 | 1.29 | 4.29 | 1.16 |
| Gray Plant Mooty Mooty & Bennett | Oct 2016 | Named in SEC correspondence | 43 | 1.17 | 1.19 | 1.25 |
| Barnes & Thornburg | Feb 2014 | Named in SEC correspondence | 167 | 1.07 | 0.70 | 0.86 |
| Faegre Baker Daniels | Jan 2012 | Named in SEC correspondence | 145 | 1.06 | 0.34 | 1.16 |
| Latham & Watkins LLP | Jul 2005 | Named in SEC correspondence | 2,667 | 0.98 | 0.31 | 1.10 |
| Faegre & Benson | Sep 2000 | Named in SEC correspondence | 160 | 0.90 | 0.59 | 1.08 |
| Maslon Edelman Borman & Brand, LLP | Nov 1997 | Named in a filing | 88 | 0.65 | 0.83 | 1.52 |
| Drinker Biddle & Reath | Jul 2020 | Text search only | 213 | 1.46 | 0.77 | 1.25 |
| Schulte Roth & Zabel | May 2014 | Text search only | 296 | 0.93 | 0.44 | 0.99 |
| Baker & Daniels | Jan 2012 | Text search only | 129 | 1.11 | 0.45 | 1.22 |
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.
- Joshua L. ColburnFaegre Drinker Biddle & Reath LLPFirst linked Aug 2021 · Named in a filing · 17 linked companiesSEC/DOJ scrutiny 1.45× · Went dark 0.00× · 95% wipeout 0.85×
- Jonathan R. ZimmermanFaegre Drinker Biddle & Reath LLPFirst linked Feb 2009 · Named in SEC correspondence · 46 linked companiesSEC/DOJ scrutiny 1.45× · Went dark 0.55× · 95% wipeout 1.56×
- James P. BeaubienLatham & Watkins LLPFirst linked Jul 2005 · Named in SEC correspondence · 13 linked companiesSEC/DOJ scrutiny 2.65× · Went dark 0.00× · 95% wipeout 1.50×
- Jason SilveraLatham & Watkins LLPFirst linked Jul 2005 · Named in SEC correspondence · 8 linked companiesSEC/DOJ scrutiny 1.40× · Went dark 0.00× · 95% wipeout 1.60×
- Peter J. EkbergFaegre & BensonFirst linked Mar 2004 · Named in SEC correspondence · 6 linked companiesSEC/DOJ scrutiny 1.66× · Went dark 3.88× · 95% wipeout 1.58×
- William M. MowerMaslon Edelman Borman & Brand, LLPFirst linked Nov 1997 · Named in a filing · 30 linked companiesSEC/DOJ scrutiny 0.52× · Went dark 0.75× · 95% wipeout 1.61×
- Marc WeingartenSchulte Roth & ZabelFirst linked Oct 2013 · Text search only · 31 linked companiesSEC/DOJ scrutiny 1.11× · Went dark 0.75× · 95% wipeout 0.76×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Joshua L. ColburnFaegre Drinker Biddle & Reath LLP | Aug 2021 | Named in a filing | 17 | 1.45 | 0.00 | 0.85 |
| Jonathan R. ZimmermanFaegre Drinker Biddle & Reath LLP | Feb 2009 | Named in SEC correspondence | 46 | 1.45 | 0.55 | 1.56 |
| James P. BeaubienLatham & Watkins LLP | Jul 2005 | Named in SEC correspondence | 13 | 2.65 | 0.00 | 1.50 |
| Jason SilveraLatham & Watkins LLP | Jul 2005 | Named in SEC correspondence | 8 | 1.40 | 0.00 | 1.60 |
| Peter J. EkbergFaegre & Benson | Mar 2004 | Named in SEC correspondence | 6 | 1.66 | 3.88 | 1.58 |
| William M. MowerMaslon Edelman Borman & Brand, LLP | Nov 1997 | Named in a filing | 30 | 0.52 | 0.75 | 1.61 |
| Marc WeingartenSchulte Roth & Zabel | Oct 2013 | Text search only | 31 | 1.11 | 0.75 | 0.76 |