Solexa, Inc. SLXA (last ticker on record)

CIK 913275Its SEC filings (opens in a new tab)

95% wipeout
Delisting notice (not a red flag)
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: 2; Newest began May 2005
Largest fall in its shares: 99%; Feb 2000 to Sep 2004
Law firms: 4; Linked to 5 or more companies
Lawyers: 1; Linked to 5 or more companies

What happened

May 23, 2005Exit or disposal costs (Item 2.05)Form 8-K (opens in a new tab)
Jan 10, 2005Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Sep 17, 2001Shares down 95% from their high

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
Heller Ehrman	Oct 2004	Named in a filing	256	1.00	0.76	0.96
Cooley LLP	Feb 1997	Named in a filing	1,634	0.71	0.44	1.24
Bird & Bird	Dec 2004	Text search only	46	1.82	0.00	1.34
CMS Cameron McKenna	Oct 2004	Text search only	32	0.53	0.00	0.78

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.

Mark M. HrenyaCooley LLPFirst linked Dec 2004 · Text search only · 5 linked companiesSEC/DOJ scrutiny 1.73× · Went dark 0.00× · 95% wipeout 3.03×