ONITY GROUP INC. ONIT (last ticker on record)

CIK 873860Its SEC filings (opens in a new tab)

SEC/DOJ scrutiny
95% wipeout
Restatement
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: 3; Newest began May 2017
Largest fall in its shares: 99%; Oct 2013 to Apr 2020
Law firms: 8; Linked to 5 or more companies
Lawyers: 7; Linked to 5 or more companies

What happened

Apr 13, 2020Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
May 16, 2017Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Mar 1, 2016Shares down 95% from their high
Jan 20, 2016SEC administrative proceedingSEC order (opens in a new tab)
Jan 20, 2016SEC enforcement releaseSEC release (opens in a new tab)
Jan 20, 2016An SEC release names it, an officer or its stockSEC release (opens in a new tab)
Oct 5, 2015An SEC release names it, an officer or its stockSEC release (opens in a new tab)
Aug 18, 2014A filing mentions an SEC subpoenaForm 10-Q (opens in a new tab)
Aug 12, 2014Said 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
Cooley LLP	Jul 2022	Named in SEC correspondence	1,634	0.71	0.44	1.24
Mayer Brown	Nov 2015	Named in SEC correspondence	680	0.98	0.34	0.94
O Melveny & Myers LLP	Dec 2014	Named in SEC correspondence	589	1.07	0.25	1.07
Hunton & Williams	May 2013	Named in a filing	404	1.06	0.36	0.65
Reed Smith	May 2007	Named in a filing	487	1.15	0.77	1.13
Sidley Austin	Sep 1998	Named in a filing	1,210	1.30	0.14	0.93
Richards, Layton & Finger, P.A.	Aug 1997	Named in a filing	995	1.46	0.37	0.80
Elias, Matz, Tiernan & Herrick L.L.P.	Jun 1996	Named in SEC correspondence	147	0.62	0.38	0.43

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.

Lawyers linked to this company
Name	First linked	How it is known	Linked companies	SEC/DOJ scrutiny	Went dark	95% wipeout
Leah E. HuttonNason, Yeager, Gerson, Harris & Fumero, P.A.	May 2021	Named in SEC correspondence	8	2.54	0.00	1.92
John P. BerkeryMayer Brown	Nov 2015	Named in SEC correspondence	17	0.33	0.00	1.18
James J. BarnesReed Smith	May 2007	Named in a filing	15	1.89	0.00	0.75
Dennis V. OsimitzSidley Austin	Sep 1998	Named in a filing	13	1.67	0.00	1.59
Kenneth B. TabachElias, Matz, Tiernan & Herrick L.L.P.	Jan 1998	Named in a filing	27	1.04	0.81	0.55
Gerard L. HawkinsElias, Matz, Tiernan & Herrick L.L.P.	Jun 1996	Named in SEC correspondence	17	1.50	1.33	0.58
Raymond A. TiernanElias, Matz, Tiernan & Herrick L.L.P.	Jun 1996	Named in SEC correspondence	49	0.89	0.31	0.17