WAVE SYSTEMS CORP WAVX (last ticker on record)
CIK 919013Its SEC filings (opens in a new tab)
- SEC/DOJ scrutiny
- Restatement
- Delisting notice (not a red flag)
- Bankruptcy
- Restructuring
- 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
- 5
- Newest began Feb 2016
- Largest fall in its shares
- 99%
- Aug 2003 to Dec 2015
- Law firms
- 8
- Linked to 5 or more companies
- Lawyers
- 6
- Linked to 5 or more companies
What happened
- Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
- Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
- Shares down 95% from their high
- Bankruptcy or receivership (Item 1.03)Form 8-K (opens in a new tab)
- 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)
- Said its accounts could not be relied on (Item 4.02)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)
- 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)
- A filing mentions cooperating with the SECForm 10-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)
- A filing mentions cooperating with the SECForm 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.
- Archer & GreinerFirst linked Aug 2016 · Named in a filing · 22 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 1.87× · 95% wipeout 1.02×
- Willkie FarrFirst linked Nov 2011 · Named in SEC correspondence · 539 linked companiesSEC/DOJ scrutiny 1.23× · Went dark 0.40× · 95% wipeout 0.84×
- Bingham McCutchenFirst linked Sep 2002 · Named in SEC correspondence · 291 linked companiesSEC/DOJ scrutiny 0.94× · Went dark 0.38× · 95% wipeout 1.06×
- Bingham DanaFirst linked Apr 1999 · Named in a filing · 104 linked companiesSEC/DOJ scrutiny 1.37× · Went dark 0.54× · 95% wipeout 1.14×
- Curtis Mallet-Prevost Colt & MosleFirst linked Sep 1996 · Named in SEC correspondence · 35 linked companiesSEC/DOJ scrutiny 1.49× · Went dark 0.00× · 95% wipeout 2.03×
- Feldman WeinsteinFirst linked Feb 2004 · Text search only · 278 linked companiesSEC/DOJ scrutiny 0.92× · Went dark 1.17× · 95% wipeout 1.20×
- Jenkens & GilchristFirst linked May 2003 · Text search only · 279 linked companiesSEC/DOJ scrutiny 1.12× · Went dark 0.71× · 95% wipeout 1.11×
- DLA PiperFirst linked Jul 2001 · Text search only · 1,184 linked companiesSEC/DOJ scrutiny 1.00× · Went dark 0.45× · 95% wipeout 1.20×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Archer & Greiner | Aug 2016 | Named in a filing | 22 | 0.00 | 1.87 | 1.02 |
| Willkie Farr | Nov 2011 | Named in SEC correspondence | 539 | 1.23 | 0.40 | 0.84 |
| Bingham McCutchen | Sep 2002 | Named in SEC correspondence | 291 | 0.94 | 0.38 | 1.06 |
| Bingham Dana | Apr 1999 | Named in a filing | 104 | 1.37 | 0.54 | 1.14 |
| Curtis Mallet-Prevost Colt & Mosle | Sep 1996 | Named in SEC correspondence | 35 | 1.49 | 0.00 | 2.03 |
| Feldman Weinstein | Feb 2004 | Text search only | 278 | 0.92 | 1.17 | 1.20 |
| Jenkens & Gilchrist | May 2003 | Text search only | 279 | 1.12 | 0.71 | 1.11 |
| DLA Piper | Jul 2001 | Text search only | 1,184 | 1.00 | 0.45 | 1.20 |
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.
- Sean M. EwenWillkie FarrFirst linked Jan 2015 · Named in SEC correspondence · 31 linked companiesSEC/DOJ scrutiny 0.92× · Went dark 0.00× · 95% wipeout 1.01×
- Neil W. TownsendBingham DanaFirst linked Apr 1999 · Named in SEC correspondence · 5 linked companiesSEC/DOJ scrutiny 2.03× · Went dark 0.00× · 95% wipeout 3.92×
- Jeffrey N. OstragerCurtis Mallet-Prevost Colt & MosleFirst linked Jan 1997 · Named in a filing · 11 linked companiesSEC/DOJ scrutiny 1.18× · Went dark 0.00× · 95% wipeout 2.39×
- Christopher S. AugusteKramer Levin NaftalisFirst linked May 2003 · Text search only · 90 linked companiesSEC/DOJ scrutiny 1.83× · Went dark 1.24× · 95% wipeout 1.42×
- GRAY CARY WARE FREIDENRICHDLA PiperFirst linked Jul 2001 · Text search only · 24 linked companiesSEC/DOJ scrutiny 1.90× · Went dark 0.00× · 95% wipeout 1.47×
- Rebecca K. SchmittDLA PiperFirst linked Jul 2001 · Text search only · 7 linked companiesSEC/DOJ scrutiny 1.45× · Went dark 0.00× · 95% wipeout 2.96×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Sean M. EwenWillkie Farr | Jan 2015 | Named in SEC correspondence | 31 | 0.92 | 0.00 | 1.01 |
| Neil W. TownsendBingham Dana | Apr 1999 | Named in SEC correspondence | 5 | 2.03 | 0.00 | 3.92 |
| Jeffrey N. OstragerCurtis Mallet-Prevost Colt & Mosle | Jan 1997 | Named in a filing | 11 | 1.18 | 0.00 | 2.39 |
| Christopher S. AugusteKramer Levin Naftalis | May 2003 | Text search only | 90 | 1.83 | 1.24 | 1.42 |
| GRAY CARY WARE FREIDENRICHDLA Piper | Jul 2001 | Text search only | 24 | 1.90 | 0.00 | 1.47 |
| Rebecca K. SchmittDLA Piper | Jul 2001 | Text search only | 7 | 1.45 | 0.00 | 2.96 |