IMAGEWARE SYSTEMS INC IWSY (last ticker on record)

CIK 941685Its SEC filings (opens in a new tab)

Restructuring
Delisting notice (not a red flag)
Restatement
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: 3; Newest began Jul 2020
Largest fall in its shares: 99%; Sep 2014 to Oct 2022
Law firms: 7; Linked to 5 or more companies
Lawyers: 11; Linked to 5 or more companies

What happened

Jul 30, 2020Shares down 95% from their high
Aug 16, 2010Said its accounts could not be relied on (Item 4.02)Form 8-K (opens in a new tab)
Apr 29, 2008Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Dec 21, 2007Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Oct 18, 2007Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Mar 15, 2007Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Nov 20, 2006Debt accelerated (Item 2.04)Form 8-K (opens in a new tab)
Jun 2, 2006Delisting notice (Item 3.01)Form 8-K (opens in a new tab)
Aug 5, 2005Delisting notice (Item 3.01)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
Disclosure Law Group	Aug 2011	Named in SEC correspondence	25	0.42	0.88	1.08
Paul Hastings	Dec 2006	Named in SEC correspondence	768	0.98	0.72	1.09
Greenberg Traurig	Aug 2005	Named in SEC correspondence	1,223	1.01	1.03	1.10
Cooley LLP	Jun 2001	Named in a filing	1,634	0.71	0.44	1.24
Luce Forward Hamilton & Scripps	Dec 1999	Named in a filing	80	0.85	1.20	0.90
Law Offices of Aaron A. Grunfeld &	Feb 2012	Text search only	15	0.00	0.00	0.89
Richardson & Patel LLP	Feb 2012	Text search only	215	1.07	1.41	1.28

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	Went dark	95% wipeout
John P. KennedyDisclosure Law Group	Dec 2020	Named in a filing	8	0.00	0.00	1.49
Jessica R. SudweeksDisclosure Law Group	Oct 2016	Named in SEC correspondence	16	0.00	0.00	1.53
Daniel W. RumseyDisclosure Law Group	Aug 2011	Named in SEC correspondence	20	0.54	1.16	1.19
Jeffrey T. HartlinPaul Hastings	Feb 2007	Named in SEC correspondence	28	0.77	1.22	1.70
Raymond A. LeeGreenberg Traurig	Aug 2005	Named in SEC correspondence	15	1.13	0.00	1.54
Steven M. PrzesmickiCooley LLP	Jan 2004	Named in a filing	20	0.00	0.00	1.94
Carl R. SanchezPaul Hastings	Jun 2001	Named in SEC correspondence	24	2.07	0.00	0.60
Dennis J. DoucetteProcopio, Cory, Hargreaves & Savitch LLP	Dec 1999	Named in a filing	11	0.00	0.91	0.44
Aaron A. GrunfeldLaw Offices of Aaron A. Grunfeld &	Feb 2012	Text search only	34	0.28	0.82	1.33
Erick RichardsonRichardson & Patel LLP	Feb 2012	Text search only	44	1.68	1.64	1.72
Jeff HartlinPaul Hastings	Dec 2006	Text search only	20	0.96	0.00	1.38