LIGAND PHARMACEUTICALS INC LGND (last ticker on record)

CIK 886163Its SEC filings (opens in a new tab)

Delisting notice (not a red flag)
SEC/DOJ scrutiny
Restatement
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 2018
Largest fall in its shares: —; None of 95% on record
Law firms: 10; Linked to 5 or more companies
Lawyers: 15; Linked to 5 or more companies

What happened

Apr 13, 2018Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Nov 14, 2016Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Jun 2, 2015Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
May 8, 2015Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Nov 5, 2012Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Feb 7, 2012Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Oct 13, 2011Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Jun 3, 2011Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Apr 8, 2011Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Jun 15, 2010Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
May 13, 2010Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Feb 8, 2010Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Aug 11, 2009Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Dec 12, 2007Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
Mar 20, 2007Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
Feb 6, 2007Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
Nov 18, 2005A filing mentions cooperating with the SECForm 10-K (opens in a new tab)
Sep 6, 2005Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Aug 23, 2005Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
May 20, 2005Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
May 5, 2005Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Mar 30, 2005Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Mar 17, 2005Delisting notice (Item 3.01)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 Hastings	Jul 2024	Named in a filing	768	0.98	0.72	1.09
Stradling Yocca Carlson & Rauth	Sep 2009	Named in SEC correspondence	165	1.18	1.37	1.37
Dechert LLP	Oct 2008	Named in SEC correspondence	434	0.84	0.41	0.96
Latham & Watkins LLP	Jul 2004	Named in SEC correspondence	2,667	0.98	0.31	1.10
Clifford Chance US LLP	Jan 2003	Named in a filing	260	0.92	0.41	0.85
Brobeck, Phleger & Harrison LLP	Sep 1996	Named in SEC correspondence	350	1.17	0.81	1.52
Richards, Layton & Finger, P.A.	Sep 2009	Text search only	995	1.46	0.37	0.80
Dorsey & Whitney LLP	Jan 2006	Text search only	630	0.83	0.73	1.16
Dewey Ballantine	Jan 2003	Text search only	228	2.03	0.29	0.87
Nixon Peabody	Jan 2003	Text search only	196	1.13	0.78	0.90

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
Brandon J. BortnerPaul Hastings	Feb 2026	Named in a filing	36	1.20	1.54	1.32
Ryan S. BrewerPaul Hastings	Feb 2026	Named in a filing	23	0.00	0.00	0.00
Sean M. DonahuePaul Hastings	Jul 2024	Named in a filing	20	1.99	0.00	0.79
R. Scott SheanLatham & Watkins LLP	Aug 2020	Named in SEC correspondence	37	1.95	0.74	0.78
Anthony GostanianLatham & Watkins LLP	Aug 2019	Named in SEC correspondence	18	0.00	0.00	1.20
Matthew T. BushLatham & Watkins LLP	Nov 2018	Named in SEC correspondence	50	0.21	0.00	1.23
Michael J. BrownStradling Yocca Carlson & Rauth	Sep 2009	Named in SEC correspondence	23	0.78	0.84	0.28
Hayden J. TrubittStradling Yocca Carlson & Rauth	Aug 2009	Named in SEC correspondence	21	0.99	1.28	1.33
James J. MarinoDechert LLP	Oct 2008	Named in SEC correspondence	10	0.00	3.70	2.16
Scott N. WolfeLatham & Watkins LLP	Jan 2007	Named in SEC correspondence	28	0.25	0.00	1.34
Zachary A. JuddLatham & Watkins LLP	Dec 2006	Named in SEC correspondence	7	0.00	0.00	0.77
John J. HuberLatham & Watkins LLP	Feb 2006	Named in SEC correspondence	61	1.12	0.00	1.74
Maria P. SendraBrobeck, Phleger & Harrison LLP	Nov 1997	Named in a filing	9	0.88	0.00	0.63
CRAIG S. ANDREWSBrobeck, Phleger & Harrison LLP	Sep 1996	Named in SEC correspondence	15	1.51	1.91	0.39
R. Craig SmithDechert LLP	Oct 2008	Text search only	7	1.58	0.00	0.00