TALOS PETROLEUM LLC SGY (last ticker on record)

CIK 904080Its SEC filings (opens in a new tab)

Restatement
95% wipeout
SEC/DOJ scrutiny
Restructuring
Delisting notice (not a red flag)
Bankruptcy

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: 5; Newest began Dec 2016
Largest fall in its shares: 99%; Jun 2008 to May 2016
Law firms: 13; Linked to 5 or more companies
Lawyers: 8; Linked to 5 or more companies

What happened

Jun 9, 2017Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
Feb 15, 2017Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Dec 14, 2016Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
Dec 14, 2016Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
May 20, 2016Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
May 16, 2016Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
May 16, 2016Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
May 5, 2016Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Apr 14, 2016Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Feb 27, 2013A filing mentions a Wells noticeForm 10-K (opens in a new tab)
Mar 2, 2009Shares down 95% from their high
Aug 4, 2006A filing mentions a formal order of investigationForm 10-Q (opens in a new tab)
Mar 23, 2006A filing mentions cooperating with the SECForm 8-K (opens in a new tab)
Nov 9, 2005Said 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
Latham & Watkins LLP	Feb 2017	Named in SEC correspondence	2,667	0.98	0.31	1.10
Cahill Gordon & Reindel	Jul 2006	Named in a filing	598	1.03	0.18	0.77
Akin Gump	May 2006	Named in a filing	582	1.24	0.52	1.25
Vinson & Elkins L.L.P.	Oct 1996	Named in SEC correspondence	783	1.09	0.11	1.03
Kirkland & Ellis	May 2021	Text search only	1,686	0.98	0.17	0.87
Baker Botts L.L.P.	Sep 2018	Text search only	495	1.32	0.09	1.03
Mayer Brown	Sep 2018	Text search only	680	0.98	0.34	0.94
Paul Weiss Rifkind Wharton & Garrison	Sep 2018	Text search only	826	1.02	0.18	0.83
Skadden, Arps, Slate, Meagher & Flom LLP	Jun 2008	Text search only	2,607	1.15	0.19	0.85
Thompson & Knight	Jun 2008	Text search only	198	1.03	0.40	1.38
Davis Polk	Dec 2005	Text search only	1,694	1.26	0.06	1.02
Bracewell LLP	Jan 2002	Text search only	247	0.93	0.31	1.03
Shearman & Sterling	Jan 2002	Text search only	2,649	1.21	0.13	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.

Lawyers linked to this company
Name	First linked	How it is known	Linked companies	SEC/DOJ scrutiny	95% wipeout
John GoodgameAkin Gump	May 2017	Named in a filing	22	0.76	1.16
John M. GreerLatham & Watkins LLP	Feb 2017	Named in SEC correspondence	28	0.00	1.53
Michael E. DillardLatham & Watkins LLP	Feb 2017	Named in a filing	19	1.08	1.81
Shelley A. BarberVinson & Elkins L.L.P.	Jun 2007	Named in SEC correspondence	13	1.17	3.05
Alan P. BadenVinson & Elkins L.L.P.	Oct 1996	Named in a filing	18	0.86	1.88
Bryan D. FlanneryKirkland & Ellis	May 2021	Text search only	18	0.00	1.16
Julian J. SeiguerKirkland & Ellis	May 2021	Text search only	69	0.24	1.15
Tracey A. ZacconePaul Weiss Rifkind Wharton & Garrison	Sep 2018	Text search only	26	1.14	1.03