Baker Botts L.L.P.

Linked to 495 companies since Jan 1994. A filing names it for 69% of those. The rest come from a text search, which also finds a firm on the other side of a deal.

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.

55 of these companies later showed signs of SEC or DOJ scrutiny and had another red flag. Comparable companies would show 34.5, so that is 1.60× what you would expect.

SEC or DOJ scrutiny and another red flag: 1.60×; 55 companies, 34.5 expected, q 0.187
SEC or DOJ scrutiny: 1.32×; 79 companies, 59.9 expected, q 0.561
Stopped filing, and the SEC acted: 0.09×; 2 companies, 23.5 expected, q 1.000
Shares fell 95% from their high: 1.03×; 72 companies, 69.6 expected, q 1.000

Each bar’s tick marks 1×, no more than comparable companies. A colored bar has q below 0.05, the usual bar.

Every outcome

What came later among these companies, against comparable companies
What came later	Companies	Expected	× expected	q
SEC or DOJ scrutiny and another red flag	55	34.5	1.60	0.187
SEC or DOJ scrutiny	79	59.9	1.32	0.561
Stopped filing, and the SEC acted	2	23.5	0.09	1.000
Shares fell 95% from their high	72	69.6	1.03	1.000
Two or more different red flags	98	78.7	1.25	0.267
Said its accounts could not be relied on	55	65.0	0.85	1.000
Bankruptcy or receivership	51	28.7	1.78	0.068
Restructuring or accelerated debt	130	97.1	1.34	0.045
Delisting notice	217	145.9	1.49	<0.001
SEC accounting enforcement release	17	13.5	1.26	1.000
An SEC release or DOJ statement names it, an officer or its stock	32	30.1	1.06	1.000

What each of these means

SEC or DOJ scrutiny and another red flag: The SEC or DOJ took an interest, and the company also fell 95%, restated its accounts, restructured or went bankrupt.
SEC or DOJ scrutiny: An enforcement release; a Wells notice, a formal order, a subpoena or a statement that it is cooperating with the SEC or Justice Department in the company's own filings; or far more SEC letters than a company normally draws. Whether or not the company was ever charged: most cases settle, or end in nothing public.
Stopped filing, and the SEC acted: The SEC revoked the company's registration, or suspended trading, for nothing but not filing.
Shares fell 95% from their high: A close at least 95% below the earlier high, with no close above a fifth of that high in the next ten, so that one bad print does not count. It can recover later.
Two or more different red flags: Any two of: SEC or DOJ scrutiny, a 95% fall, a restatement, a restructuring, a bankruptcy.
Said its accounts could not be relied on: The company's own Item 4.02 notice on Form 8-K.
Bankruptcy or receivership: The company's Item 1.03 notice on Form 8-K. This follows how much debt clients carry, so restructuring practices read high here.
Restructuring or accelerated debt: Item 2.05 or Item 2.04 on Form 8-K.
Delisting notice: Item 3.01 on Form 8-K. Mergers and transfers between exchanges report under it too, so it is shown but counts as no red flag.
SEC accounting enforcement release: An Accounting and Auditing Enforcement Release that names the company.
An SEC release or DOJ statement names it, an officer or its stock: The text of a release or a DOJ statement names the company, one of its officers, or its stock as what a scheme sold or moved. It does not say the company did wrong: a company can be the victim. This is about the company, never its lawyers.

Lawyers at this firm

Rank by

Lawyers ranked by SEC or DOJ scrutiny and another red flag. Click a column to sort.
#
1	Stephen A. MassadBaker Botts L.L.P.	11	91%	4	1.2	3.25	0.850	2.10	0.00	0.00
2	Samantha H. CrispinBaker Botts L.L.P.	17	94%	4	0.7	5.59	0.905	2.47	0.00	1.07
3	Joshua DavidsonBaker Botts L.L.P.	42	81%	3	3.4	0.89	1.000	1.01	0.00	0.87
4	Andrew J. EricksenBaker Botts L.L.P.	31	97%	2	1.5	1.32	1.000	0.63	0.00	0.97
5	J. David Kirkland Jr.Baker Botts L.L.P.	30	87%	3	2.6	1.16	1.000	1.17	0.00	0.47
6	Gerald M. SpedaleBaker Botts L.L.P.	27	89%	2	1.6	1.26	1.000	0.72	1.29	0.30
7	Timothy S. TaylorBaker Botts L.L.P.	21	86%	2	1.3	1.53	1.000	0.79	0.00	0.00
8	Clinton W. RancherBaker Botts L.L.P.	20	95%	1	0.5	2.07	1.000	0.78	0.00	1.18
9	Robert W. Murray Jr.Baker Botts L.L.P.	19	79%	1	1.9	0.53	1.000	0.90	0.00	1.10
10	Renee L. WilmBaker Botts L.L.P.	17	77%	1	1.4	0.69	1.000	0.36	0.00	0.80
11	Gene J. OshmanBaker Botts L.L.P.	16	88%	2	1.5	1.37	1.000	1.31	0.00	1.39
12	David L. EmmonsBaker Botts L.L.P.	15	80%	3	1.0	3.08	1.000	1.94	1.00	2.42
13	Andrew M. BakerBaker Botts L.L.P.	12	92%	3	1.5	2.00	1.000	1.24	0.00	0.00
14	John D. GeddesBaker Botts L.L.P.	12	92%	3	1.3	2.39	1.000	2.27	0.00	1.35
15	Kelly B. RoseBaker Botts L.L.P.	12	100%	4	1.1	3.52	1.000	1.97	0.00	1.75
16	Michael L. BengtsonBaker Botts L.L.P.	11	91%	1	0.6	1.67	1.000	1.83	2.36	2.61
17	Mollie DuckworthBaker Botts L.L.P.	11	91%	1	0.5	1.95	1.000	2.13	0.00	1.95
18	Ted W. ParisBaker Botts L.L.P.	10	100%	1	1.0	1.00	1.000	1.14	0.00	3.72
19	Beverly B. ReyesBaker Botts L.L.P.	9	89%	1	0.5	2.02	1.000	0.83	0.00	2.12
20	Quentin WiestBaker Botts L.L.P.	9	44%	1	0.2	4.15	1.000	1.57	0.00	3.99
21	Travis J. WoffordBaker Botts L.L.P.	9	67%	1	0.4	2.41	1.000	2.84	0.00	1.20
22	Doug RayburnBaker Botts L.L.P.	8	63%	1	0.6	1.74	1.000	1.94	0.00	1.50
23	Felix P. PhillipsBaker Botts L.L.P.	8	63%	1	0.6	1.56	1.000	0.97	0.00	0.00
24	Frederick H. McGrathBaker Botts L.L.P.	8	13%	1	1.4	0.69	1.000	0.87	0.00	1.25
25	James H. MayorBaker Botts L.L.P.	8	100%	2	1.2	1.68	1.000	1.17	0.00	1.23
26	John M. WinterBaker Botts L.L.P.	8	50%	1	0.7	1.36	1.000	0.80	0.00	1.11
27	Jonathan GordonBaker Botts L.L.P.	8	63%	1	0.5	2.12	1.000	1.07	0.00	0.77
28	Craig N. AdamsBaker Botts L.L.P.	7	86%	2	0.5	4.08	1.000	3.12	0.00	0.00
29	Darrell W. TaylorBaker Botts L.L.P.	7	71%	2	0.8	2.60	1.000	1.59	0.00	0.00
30	MARGO S. SCHOLINBaker Botts L.L.P.	7	86%	2	0.6	3.23	1.000	1.89	0.00	0.00
31	Geoffrey L. NewtonBaker Botts L.L.P.	6	100%	1	0.4	2.57	1.000	3.04	0.00	0.96
32	Sarah RechterBaker Botts L.L.P.	6	83%	1	0.3	3.45	1.000	1.82	0.00	2.45
33	Katherine C. JewellBaker Botts L.L.P.	5	60%	1	0.5	2.14	1.000	0.94	0.00	2.02
34	William D. HowellBaker Botts L.L.P.	17	77%	0	0.9	0.00	—	0.57	0.00	0.77
35	Jason A. RochaBaker Botts L.L.P.	15	93%	0	1.1	0.00	—	0.56	0.00	0.32
36	M. Preston BernhiselBaker Botts L.L.P.	12	83%	0	0.5	0.00	—	0.00	0.00	2.47
37	R. Joel SwansonBaker Botts L.L.P.	12	75%	0	1.0	0.00	—	0.60	0.00	0.00
38	James B. MarshallBaker Botts L.L.P.	9	100%	0	0.2	0.00	—	0.00	0.00	1.51
39	Don J. McDermett Jr.Baker Botts L.L.P.	8	75%	0	0.4	0.00	—	1.31	0.00	1.42
40	Jamie L. YarbroughBaker Botts L.L.P.	8	100%	0	0.1	0.00	—	0.00	—	0.00
41	Lee D. CharlesBaker Botts L.L.P.	8	75%	0	0.8	0.00	—	0.00	0.00	0.00
42	Eileen S. BoyceBaker Botts L.L.P.	7	100%	0	0.1	0.00	—	0.00	0.00	0.00
43	John W. MartinBaker Botts L.L.P.	7	71%	0	0.4	0.00	—	0.00	1.18	3.35
44	David OserBaker Botts L.L.P.	6	100%	0	0.5	0.00	—	0.00	—	0.97
45	Paul F. PereaBaker Botts L.L.P.	6	67%	0	0.5	0.00	—	0.00	0.00	2.56

Linked companies

WithSortOnly where a filing names them

Companies linked to this firm or lawyer, and what came later among them. Click a column to sort.
		How it is known
Bristow Group IncBRSWQ (last ticker on record)	Aug 2006	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
GULFPORT ENERGY CORPGPOR (last ticker on record)	Aug 2019	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
MCDERMOTT INTERNATIONAL INCMDRIQ (last ticker on record)	Jul 1998	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
PARKER DRILLING COPKD (last ticker on record)	Jun 2010	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
DYNEGY INC.DYN (last ticker on record)	Dec 2006	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
PENSON WORLDWIDE INCPNSN (last ticker on record)	Aug 2005	Text search only	SEC/DOJ scrutiny 95% wipeout Restructuring Delisting notice (not a red flag)
SUNPOWER CORPSPWR (last ticker on record)	May 2006	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
American Airlines Group Inc.AAL (last ticker on record)	May 2001	Named in a filing	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
EXPAND ENERGY CorpEXE (last ticker on record)	Jul 2011	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
HERCULES OFFSHORE, INC.HERO (last ticker on record)	Jul 2005	Named in a filing	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Noble CorpNE (last ticker on record)	Mar 2009	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Old QVC Group, Inc.QVCGP (last ticker on record)	Mar 2006	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Pressburg, LLCROAN (last ticker on record)	Mar 2010	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Babcock & Wilcox Enterprises, Inc.BW (last ticker on record)	May 2015	Text search only	SEC/DOJ scrutiny 95% wipeout Restructuring Delisting notice (not a red flag)
CytoDyn Inc.CYDY (last ticker on record)	Aug 2021	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement
DZS INC.DZSI (last ticker on record)	Jan 2021	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
EDGE PETROLEUM CORPEPEX (last ticker on record)	Dec 1996	Named in a filing	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
GENCO SHIPPING & TRADING LTDGNK (last ticker on record)	May 2005	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Jones Energy, Inc.JONE (last ticker on record)	Mar 2013	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
LinnCo, LLCLNCO (last ticker on record)	Jun 2012	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Delisting notice (not a red flag)
Transocean Ltd.RIG (last ticker on record)	Dec 2008	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restructuring Delisting notice (not a red flag)
U.S. CONCRETE, INC.USCR (last ticker on record)	Mar 1999	Named in a filing	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
VERITEQVTEQ (last ticker on record)	Sep 2007	Text search only	95% wipeout Restatement Restructuring Delisting notice (not a red flag) Went dark (not a red flag)
Arlington Asset Investment Corp.AAIC (last ticker on record)	Dec 2002	Text search only	SEC/DOJ scrutiny 95% wipeout Delisting notice (not a red flag)
Ascent Capital Group, Inc.ASCMA (last ticker on record)	Jul 2008	Named in SEC correspondence	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
BATTALION OIL CORPBATL (last ticker on record)	May 2012	Text search only	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Casa Systems IncCASA (last ticker on record)	Dec 2016	Text search only	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Chaparral Energy, Inc.CHAP (last ticker on record)	Aug 2008	Named in a filing	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Crestwood Equity Partners LPCEQP (last ticker on record)	Mar 2001	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Delisting notice (not a red flag)
FTS International, Inc.FTSI (last ticker on record)	May 2017	Text search only	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Hercules Sub LLCHOS (last ticker on record)	Jul 2002	Text search only	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
LILIS ENERGY, INC.LLEX (last ticker on record)	Apr 2016	Text search only	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
MARTIN MIDSTREAM PARTNERS L.P.MMLP (last ticker on record)	Jul 2002	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Delisting notice (not a red flag)
Molecular Templates, Inc.MTEM (last ticker on record)	May 2017	Text search only	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
NEXSTAR MEDIA GROUP, INC.NXST (last ticker on record)	Jun 2001	Text search only	SEC/DOJ scrutiny 95% wipeout
PARAGON OFFSHORE PLCPGN (last ticker on record)	Dec 2013	Named in SEC correspondence	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
PIONEER ENERGY SERVICES LLCPES (last ticker on record)	Nov 2003	Named in SEC correspondence	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Seventy Seven Energy Inc.SVNT (last ticker on record)	Mar 2014	Named in SEC correspondence	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Sunnova Energy International Inc.NOVA (last ticker on record)	Apr 2019	Named in SEC correspondence	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Valaris LtdVAL (last ticker on record)	Mar 2011	Named in SEC correspondence	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
COMVERGE, INC.COMV (last ticker on record)	Aug 2009	Named in SEC correspondence	95% wipeout Restructuring Delisting notice (not a red flag)
EnLink Midstream, LLCENLC (last ticker on record)	Nov 2013	Named in SEC correspondence	95% wipeout Restructuring Delisting notice (not a red flag)
Liberty TripAdvisor Holdings, Inc.LTRPA (last ticker on record)	May 2014	Named in SEC correspondence	95% wipeout Restructuring Delisting notice (not a red flag)
NCS Multistage Holdings, Inc.NCSM (last ticker on record)	Dec 2016	Named in SEC correspondence	95% wipeout Restructuring Delisting notice (not a red flag)
Neos Therapeutics, Inc.NEOS (last ticker on record)	Jul 2015	Text search only	95% wipeout Restructuring Delisting notice (not a red flag)
Remote Dynamics IncRDYM (last ticker on record)	Oct 1997	Named in a filing	95% wipeout Restructuring Delisting notice (not a red flag)
ROSETTA STONE INCRST (last ticker on record)	Sep 2008	Text search only	95% wipeout Restructuring Delisting notice (not a red flag)
ZaZa Energy CorpZAZA (last ticker on record)	Oct 2011	Text search only	95% wipeout Restructuring Delisting notice (not a red flag)
ZIX CORPZIXI (last ticker on record)	Sep 2005	Named in SEC correspondence	95% wipeout Restructuring Delisting notice (not a red flag)
BAYTEX ENERGY USA, INC.ROCC (last ticker on record)	Oct 2016	Named in SEC correspondence	95% wipeout Delisting notice (not a red flag)

At a glance

Every outcome

Lawyers at this firm

Linked companies

At a glance

Every outcome

Lawyers at this firm

Linked companies