PRIMEDIA INC PRM (last ticker on record)

CIK 884382Its SEC filings (opens in a new tab)

Restatement
Restructuring
95% wipeout
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 Oct 2008
Largest fall in its shares: 96%; Apr 2005 to Dec 2008
Law firms: 17; Linked to 5 or more companies
Lawyers: 9; Linked to 5 or more companies

What happened

Jul 18, 2011Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Mar 16, 2009Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Nov 24, 2008Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Oct 23, 2008Shares down 95% from their high
May 20, 2008Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Apr 16, 2008Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Mar 17, 2008Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Nov 6, 2007Said 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
Paul Weiss Rifkind Wharton & Garrison	Oct 2010	Named in SEC correspondence	826	1.02	0.18	0.83
Simpson Thacher & Bartlett	May 1996	Named in SEC correspondence	1,396	1.28	0.11	0.92
Baker & McKenzie	Apr 1996	Named in SEC correspondence	587	1.07	0.72	1.00
Curtis Mallet-Prevost Colt & Mosle	Oct 2010	Text search only	35	1.49	0.00	2.03
Davis Brown Koehn Shors & Roberts	Oct 2010	Text search only	17	0.50	0.78	0.91
Dewey & LeBoeuf LLP	Oct 2010	Text search only	126	1.60	0.00	0.15
Kirkland & Ellis	Oct 2010	Text search only	1,686	0.98	0.17	0.87
Perkins Coie	Oct 2010	Text search only	511	0.93	0.27	0.98
Quarles & Brady	Oct 2010	Text search only	170	0.74	0.70	0.79
Richards, Layton & Finger, P.A.	Feb 2008	Text search only	995	1.46	0.37	0.80
Stroock & Stroock & Lavan	Feb 2008	Text search only	178	0.98	0.78	0.96
Day Berry & Howard	May 2004	Text search only	61	0.89	0.35	0.81
WolfBlock LLP	May 2004	Text search only	84	0.84	1.36	1.04
Cravath Swaine & Moore	Aug 2001	Text search only	839	1.29	0.03	0.85
Shearman & Sterling	Aug 2001	Text search only	2,649	1.21	0.13	0.87
Weil, Gotshal & Manges LLP	Aug 2001	Text search only	1,051	1.31	0.27	0.91
White & Case	Aug 2001	Text search only	907	1.04	0.33	0.91

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
Raphael M. RussoPaul Weiss Rifkind Wharton & Garrison	Oct 2010	Named in SEC correspondence	72	1.67	0.00	1.02
Gary I. HorowitzSimpson Thacher & Bartlett	May 1996	Named in SEC correspondence	53	1.39	0.00	0.76
Alan G. HarveyBaker & McKenzie	Apr 1996	Named in SEC correspondence	17	1.51	1.01	1.35
DANIEL W. RABUNBaker & McKenzie	Apr 1996	Named in SEC correspondence	11	0.78	0.00	2.71
Beverly EvansDavis Brown Koehn Shors & Roberts	Oct 2010	Text search only	8	1.00	1.29	0.00
Brian M. StadlerSimpson Thacher & Bartlett	Oct 2010	Text search only	39	0.25	0.00	0.31
Charles E. Barnett	Oct 2010	Text search only	5	0.00	0.00	0.00
Andrew J. PittsCravath Swaine & Moore	Feb 2008	Text search only	58	1.25	0.00	0.77
Martin L. BuddDay Berry & Howard	May 2004	Text search only	8	0.73	0.00	1.21