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Midas Edge

RESPONSE USA INC RSPND (last ticker on record)

CIK 889087Its SEC filings (opens in a new tab)

  • SEC/DOJ scrutiny
  • 95% wipeout

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
2
Newest began Jun 2000
Largest fall in its shares
96%
Dec 1997 to Aug 2000
Law firms
2
Linked to 5 or more companies
Lawyers
2
Linked to 5 or more companies

What happened

  1. Shares down 95% from their high
  2. SEC administrative actionSEC order (opens in a new tab)
  3. SEC administrative proceedingSEC order (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.

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.