DANKA BUSINESS SYSTEMS PLC DANKY (last ticker on record)
CIK 894010Its SEC filings (opens in a new tab)
- Restructuring
- Restatement
- Delisting notice (not a red flag)
- 95% wipeout
- Went dark (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 Dec 2007
- Largest fall in its shares
- 99%
- Mar 2004 to Dec 2008
- Law firms
- 9
- Linked to 5 or more companies
- Lawyers
- 3
- Linked to 5 or more companies
What happened
- SEC action against a company that stopped filingSEC order (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)
- Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
- Said its accounts could not be relied on (Item 4.02)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.
- Skadden, Arps, Slate, Meagher & Flom LLPFirst linked Sep 2003 · Named in SEC correspondence · 2,607 linked companiesSEC/DOJ scrutiny 1.15× · Went dark 0.19× · 95% wipeout 0.85×
- Altheimer & GrayFirst linked Oct 1999 · Named in a filing · 11 linked companiesSEC/DOJ scrutiny 1.60× · Went dark 4.27× · 95% wipeout 1.84×
- Clifford Chance US LLPFirst linked Oct 1999 · Named in a filing · 260 linked companiesSEC/DOJ scrutiny 0.92× · Went dark 0.41× · 95% wipeout 0.85×
- Shumaker, Loop & Kendrick, LLPFirst linked Jul 1996 · Named in SEC correspondence · 70 linked companiesSEC/DOJ scrutiny 0.49× · Went dark 1.01× · 95% wipeout 1.37×
- Shearman & SterlingFirst linked Sep 2003 · Text search only · 2,649 linked companiesSEC/DOJ scrutiny 1.21× · Went dark 0.13× · 95% wipeout 0.87×
- King & SpaldingFirst linked Apr 2001 · Text search only · 426 linked companiesSEC/DOJ scrutiny 1.28× · Went dark 0.35× · 95% wipeout 1.04×
- Weil, Gotshal & Manges LLPFirst linked Apr 2001 · Text search only · 1,051 linked companiesSEC/DOJ scrutiny 1.31× · Went dark 0.27× · 95% wipeout 0.91×
- WILMER, CUTLER & PICKERINGFirst linked Apr 2001 · Text search only · 662 linked companiesSEC/DOJ scrutiny 1.14× · Went dark 0.33× · 95% wipeout 1.26×
- Kirkland & EllisFirst linked Feb 2001 · Text search only · 1,686 linked companiesSEC/DOJ scrutiny 0.98× · Went dark 0.17× · 95% wipeout 0.87×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Skadden, Arps, Slate, Meagher & Flom LLP | Sep 2003 | Named in SEC correspondence | 2,607 | 1.15 | 0.19 | 0.85 |
| Altheimer & Gray | Oct 1999 | Named in a filing | 11 | 1.60 | 4.27 | 1.84 |
| Clifford Chance US LLP | Oct 1999 | Named in a filing | 260 | 0.92 | 0.41 | 0.85 |
| Shumaker, Loop & Kendrick, LLP | Jul 1996 | Named in SEC correspondence | 70 | 0.49 | 1.01 | 1.37 |
| Shearman & Sterling | Sep 2003 | Text search only | 2,649 | 1.21 | 0.13 | 0.87 |
| King & Spalding | Apr 2001 | Text search only | 426 | 1.28 | 0.35 | 1.04 |
| Weil, Gotshal & Manges LLP | Apr 2001 | Text search only | 1,051 | 1.31 | 0.27 | 0.91 |
| WILMER, CUTLER & PICKERING | Apr 2001 | Text search only | 662 | 1.14 | 0.33 | 1.26 |
| Kirkland & Ellis | Feb 2001 | Text search only | 1,686 | 0.98 | 0.17 | 0.87 |
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.
- Gary P. CullenSkadden, Arps, Slate, Meagher & Flom LLPFirst linked Sep 2003 · Named in SEC correspondence · 14 linked companiesSEC/DOJ scrutiny 1.21× · Went dark 1.44× · 95% wipeout 2.05×
- John E. LoweAltheimer & GrayFirst linked Oct 1999 · Named in a filing · 5 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 4.34× · 95% wipeout 2.07×
- Thomas W. WhiteWILMER, CUTLER & PICKERINGFirst linked Apr 2001 · Text search only · 11 linked companiesSEC/DOJ scrutiny 0.85× · Went dark 1.73× · 95% wipeout 3.72×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Gary P. CullenSkadden, Arps, Slate, Meagher & Flom LLP | Sep 2003 | Named in SEC correspondence | 14 | 1.21 | 1.44 | 2.05 |
| John E. LoweAltheimer & Gray | Oct 1999 | Named in a filing | 5 | 0.00 | 4.34 | 2.07 |
| Thomas W. WhiteWILMER, CUTLER & PICKERING | Apr 2001 | Text search only | 11 | 0.85 | 1.73 | 3.72 |