Speed Commerce, Inc. SPDC (last ticker on record)
CIK 911650Its SEC filings (opens in a new tab)
- Restatement
- Delisting notice (not a red flag)
- 95% wipeout
- 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 May 2016
- Largest fall in its shares
- 99%
- Dec 2013 to Oct 2016
- Law firms
- 5
- Linked to 5 or more companies
- Lawyers
- 3
- Linked to 5 or more companies
What happened
- Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
- 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)
- 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)
- 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)
- Exit or disposal costs (Item 2.05)Form 8-K/A (opens in a new tab)
- Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
- Exit or disposal costs (Item 2.05)Form 8-K/A (opens in a new tab)
- Exit or disposal costs (Item 2.05)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)
- Said 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.
- Winthrop & Weinstine, P.A.First linked Sep 2003 · Named in SEC correspondence · 42 linked companiesSEC/DOJ scrutiny 0.24× · Went dark 1.47× · 95% wipeout 1.37×
- Lindquist & VennumFirst linked Jul 1996 · Named in SEC correspondence · 101 linked companiesSEC/DOJ scrutiny 0.97× · Went dark 0.44× · 95% wipeout 1.22×
- Bryan CaveFirst linked Apr 2006 · Text search only · 471 linked companiesSEC/DOJ scrutiny 1.09× · Went dark 0.76× · 95% wipeout 0.98×
- Maslon Edelman Borman & Brand, LLPFirst linked Jan 2005 · Text search only · 88 linked companiesSEC/DOJ scrutiny 0.65× · Went dark 0.83× · 95% wipeout 1.52×
- Best & Flanagan LLPFirst linked Feb 2004 · Text search only · 6 linked companiesSEC/DOJ scrutiny 2.36× · Went dark 0.00× · 95% wipeout 2.33×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Winthrop & Weinstine, P.A. | Sep 2003 | Named in SEC correspondence | 42 | 0.24 | 1.47 | 1.37 |
| Lindquist & Vennum | Jul 1996 | Named in SEC correspondence | 101 | 0.97 | 0.44 | 1.22 |
| Bryan Cave | Apr 2006 | Text search only | 471 | 1.09 | 0.76 | 0.98 |
| Maslon Edelman Borman & Brand, LLP | Jan 2005 | Text search only | 88 | 0.65 | 0.83 | 1.52 |
| Best & Flanagan LLP | Feb 2004 | Text search only | 6 | 2.36 | 0.00 | 2.33 |
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.
- Philip T. ColtonWinthrop & Weinstine, P.A.First linked Sep 2003 · Named in SEC correspondence · 18 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 1.73× · 95% wipeout 1.58×
- Thomas G. Lovett IVLindquist & VennumFirst linked Jul 1996 · Named in SEC correspondence · 17 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 1.72×
- Eric L. CohenBryan CaveFirst linked Apr 2006 · Text search only · 8 linked companiesSEC/DOJ scrutiny 0.86× · Went dark 1.75× · 95% wipeout 2.58×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Philip T. ColtonWinthrop & Weinstine, P.A. | Sep 2003 | Named in SEC correspondence | 18 | 0.00 | 1.73 | 1.58 |
| Thomas G. Lovett IVLindquist & Vennum | Jul 1996 | Named in SEC correspondence | 17 | 0.00 | 0.00 | 1.72 |
| Eric L. CohenBryan Cave | Apr 2006 | Text search only | 8 | 0.86 | 1.75 | 2.58 |