FALCONSTOR SOFTWARE INC FALC (last ticker on record)
CIK 922521Its SEC filings (opens in a new tab)
- SEC/DOJ scrutiny
- 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 Jun 2017
- Largest fall in its shares
- 99%
- Nov 2007 to Aug 2022
- Law firms
- 2
- Linked to 5 or more companies
- Lawyers
- 8
- Linked to 5 or more companies
What happened
- 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)
- 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)
- 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)
- SEC enforcement releaseSEC release (opens in a new tab)
- An SEC release names it, an officer or its stockSEC release (opens in a new tab)
- A filing mentions a grand jury subpoenaForm 10-Q (opens in a new tab)
- A filing mentions an SEC subpoenaForm 10-Q (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.
- Olshan Frome Wolosky LLPFirst linked May 2001 · Named in SEC correspondence · 390 linked companiesSEC/DOJ scrutiny 1.38× · Went dark 0.86× · 95% wipeout 1.22×
- DLA PiperFirst linked Sep 1996 · Named in SEC correspondence · 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 |
|---|---|---|---|---|---|---|
| Olshan Frome Wolosky LLP | May 2001 | Named in SEC correspondence | 390 | 1.38 | 0.86 | 1.22 |
| DLA Piper | Sep 1996 | Named in SEC correspondence | 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.
- Jonathan J. RussoPillsbury WinthropFirst linked Jun 2021 · Named in SEC correspondence · 10 linked companiesSEC/DOJ scrutiny 1.26× · Went dark 1.76× · 95% wipeout 1.18×
- Spencer G. FeldmanOlshan Frome Wolosky LLPFirst linked Jun 2021 · Named in a filing · 70 linked companiesSEC/DOJ scrutiny 2.25× · Went dark 1.65× · 95% wipeout 1.59×
- Claudia B. DubonOlshan Frome Wolosky LLPFirst linked May 2018 · Named in SEC correspondence · 9 linked companiesSEC/DOJ scrutiny 0.00× · Went dark 0.00× · 95% wipeout 0.66×
- Kenneth A. SchlesingerOlshan Frome Wolosky LLPFirst linked May 2011 · Named in SEC correspondence · 47 linked companiesSEC/DOJ scrutiny 1.52× · Went dark 0.47× · 95% wipeout 0.86×
- Steve WoloskyOlshan Frome Wolosky LLPFirst linked May 2001 · Named in SEC correspondence · 95 linked companiesSEC/DOJ scrutiny 1.71× · Went dark 0.37× · 95% wipeout 0.90×
- Christian WaageDLA PiperFirst linked Jan 2000 · Named in a filing · 5 linked companiesSEC/DOJ scrutiny 1.85× · Went dark 0.00× · 95% wipeout 2.08×
- Scott M. StantonMorrison & FoersterFirst linked Jan 2000 · Named in a filing · 28 linked companiesSEC/DOJ scrutiny 2.79× · Went dark 0.00× · 95% wipeout 2.43×
- GRAY CARY WARE FREIDENRICHDLA PiperFirst linked Sep 1996 · Named in SEC correspondence · 24 linked companiesSEC/DOJ scrutiny 1.90× · Went dark 0.00× · 95% wipeout 1.47×
| Name | First linked | How it is known | Linked companies | SEC/DOJ scrutiny | Went dark | 95% wipeout |
|---|---|---|---|---|---|---|
| Jonathan J. RussoPillsbury Winthrop | Jun 2021 | Named in SEC correspondence | 10 | 1.26 | 1.76 | 1.18 |
| Spencer G. FeldmanOlshan Frome Wolosky LLP | Jun 2021 | Named in a filing | 70 | 2.25 | 1.65 | 1.59 |
| Claudia B. DubonOlshan Frome Wolosky LLP | May 2018 | Named in SEC correspondence | 9 | 0.00 | 0.00 | 0.66 |
| Kenneth A. SchlesingerOlshan Frome Wolosky LLP | May 2011 | Named in SEC correspondence | 47 | 1.52 | 0.47 | 0.86 |
| Steve WoloskyOlshan Frome Wolosky LLP | May 2001 | Named in SEC correspondence | 95 | 1.71 | 0.37 | 0.90 |
| Christian WaageDLA Piper | Jan 2000 | Named in a filing | 5 | 1.85 | 0.00 | 2.08 |
| Scott M. StantonMorrison & Foerster | Jan 2000 | Named in a filing | 28 | 2.79 | 0.00 | 2.43 |
| GRAY CARY WARE FREIDENRICHDLA Piper | Sep 1996 | Named in SEC correspondence | 24 | 1.90 | 0.00 | 1.47 |