Kirkland & Ellis

Linked to 1,688 companies since Jan 1994. A filing names it for 68% 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.

96 of these companies later showed signs of SEC or DOJ scrutiny and had another red flag. Comparable companies would show 88.8, so that is 1.08× what you would expect.

SEC or DOJ scrutiny and another red flag: 1.08×; 96 companies, 88.8 expected, q 1.000
SEC or DOJ scrutiny: 0.97×; 155 companies, 159.0 expected, q 1.000
Stopped filing, and the SEC acted: 0.17×; 8 companies, 47.1 expected, q 1.000
Shares fell 95% from their high: 0.86×; 192 companies, 222.9 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	96	88.8	1.08	1.000
SEC or DOJ scrutiny	155	159.0	0.97	1.000
Stopped filing, and the SEC acted	8	47.1	0.17	1.000
Shares fell 95% from their high	192	222.9	0.86	1.000
Two or more different red flags	243	225.6	1.08	0.932
Said its accounts could not be relied on	266	248.0	1.07	1.000
Bankruptcy or receivership	113	66.2	1.71	0.003
Restructuring or accelerated debt	331	265.9	1.25	0.009
Delisting notice	598	535.2	1.12	0.798
SEC accounting enforcement release	34	34.1	1.00	1.000
An SEC release or DOJ statement names it, an officer or its stock	84	81.3	1.03	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	Robert M. HaywardKirkland & Ellis	38	50%	5	2.0	2.53	0.855	1.78	0.00	1.17
2	H. KURT VON MOLTKEKirkland & Ellis	11	82%	3	0.6	5.15	0.855	2.77	0.00	1.74
3	James S. RoweKirkland & Ellis	37	87%	6	2.7	2.25	0.870	1.55	0.00	1.95
4	Andrew E. NagelKirkland & Ellis	19	79%	5	2.1	2.34	0.900	1.47	0.00	0.00
5	Christian O. NaglerKirkland & Ellis	260	72%	9	9.9	0.90	1.000	0.89	0.00	1.02
6	David T. ZhangKirkland & Ellis	118	85%	6	7.3	0.83	1.000	1.03	0.61	1.24
7	Joshua N. KorffKirkland & Ellis	107	100%	2	5.4	0.37	1.000	0.65	0.00	1.35
8	Peter S. SeligsonKirkland & Ellis	73	73%	2	3.5	0.58	1.000	0.48	0.00	1.17
9	Matthew R. PaceyKirkland & Ellis	72	74%	2	3.7	0.54	1.000	0.48	0.00	1.18
10	Dennis M. MyersKirkland & Ellis	69	57%	7	4.4	1.61	1.000	1.05	0.00	0.60
11	Julian J. SeiguerKirkland & Ellis	69	74%	1	2.3	0.43	1.000	0.24	0.00	1.13
12	Steve LinKirkland & Ellis	63	78%	3	2.2	1.37	1.000	0.73	0.00	0.99
13	Michael KimKirkland & Ellis	48	73%	3	2.4	1.26	1.000	0.63	0.00	1.73
14	Benjamin W. JamesKirkland & Ellis	47	38%	1	1.4	0.70	1.000	0.38	0.00	1.31
15	Daniel E. WolfKirkland & Ellis	44	66%	2	2.6	0.76	1.000	1.19	0.00	0.29
16	Carol Anne HuffKirkland & Ellis	43	84%	2	2.4	0.83	1.000	0.69	0.00	0.65
17	Gerald T. NowakKirkland & Ellis	38	63%	3	2.7	1.12	1.000	0.83	0.00	0.51
18	LANCE C. BALKKirkland & Ellis	29	100%	2	2.2	0.92	1.000	0.54	1.45	0.64
19	Robert E. GoedertKirkland & Ellis	26	50%	1	1.0	1.02	1.000	1.45	0.00	0.86
20	Ross M. LeffKirkland & Ellis	25	76%	1	1.1	0.92	1.000	1.43	0.00	0.96
21	David FoxKirkland & Ellis	23	91%	4	2.9	1.41	1.000	1.32	0.00	0.30
22	Thomas W. ChristopherKirkland & Ellis	23	96%	3	2.0	1.47	1.000	1.46	0.00	0.40
23	Brooks W. AntweilKirkland & Ellis	22	86%	3	1.1	2.66	1.000	2.93	0.00	1.22
24	Ram NarayanKirkland & Ellis	22	14%	1	0.5	2.14	1.000	1.08	0.00	0.79
25	Jason K. ZacharyKirkland & Ellis	20	95%	1	1.0	1.02	1.000	1.05	0.00	0.91
26	Jonathan L. DavisKirkland & Ellis	19	21%	1	1.1	0.92	1.000	2.00	0.00	0.91
27	Michael P. BrueckKirkland & Ellis	14	57%	2	0.8	2.57	1.000	2.48	0.00	1.25
28	Bradley ReedKirkland & Ellis	13	62%	1	0.5	1.92	1.000	0.98	0.00	1.06
29	Kevin M. FrankKirkland & Ellis	13	92%	1	0.6	1.66	1.000	1.08	0.00	0.65
30	Eva H. DavisKirkland & Ellis	12	75%	2	1.1	1.77	1.000	1.11	0.00	1.86
31	Carter W. EmersonKirkland & Ellis	11	46%	2	0.6	3.43	1.000	2.77	0.00	3.47
32	Frederick TanneKirkland & Ellis	10	50%	1	0.7	1.48	1.000	0.91	0.00	0.00
33	Lance K. HancockKirkland & Ellis	10	90%	1	0.5	2.02	1.000	1.90	0.00	0.54
34	H. Thomas FelixKirkland & Ellis	9	89%	1	0.4	2.77	1.000	2.05	0.00	0.53
35	Michael P. KeeleyKirkland & Ellis	9	56%	1	0.3	3.89	1.000	1.69	—	0.79
36	Andrew HermanKirkland & Ellis	8	75%	2	0.5	3.73	1.000	2.18	0.00	1.09
37	Gregory C. VogelspergerKirkland & Ellis	7	57%	1	0.6	1.57	1.000	2.64	0.00	1.45
38	Jeffrey S. O'ConnorKirkland & Ellis	7	100%	1	0.5	1.96	1.000	1.17	0.00	1.32
39	Joseph Raymond CaseyKirkland & Ellis	7	71%	1	0.1	8.03	1.000	5.65	—	1.18
40	Keith S. CrowKirkland & Ellis	6	100%	2	0.8	2.61	1.000	2.55	0.00	1.43
41	R. Henry KleemanKirkland & Ellis	6	100%	1	0.3	3.27	1.000	3.25	0.00	0.00
42	William R. BurkeKirkland & Ellis	6	67%	1	0.4	2.48	1.000	1.21	0.00	2.80
43	Julia DanforthKirkland & Ellis	5	100%	1	0.2	4.43	1.000	3.04	0.00	3.02
44	MARK B. TRESNOWSKIKirkland & Ellis	5	80%	1	0.3	3.26	1.000	1.96	0.00	1.41
45	SANFORD E. PERLKirkland & Ellis	5	100%	1	0.3	3.77	1.000	2.03	0.00	1.91
46	Benjamin SuKirkland & Ellis	40	73%	0	1.9	0.00	—	0.80	0.00	0.65
47	Wayne E. WilliamsKirkland & Ellis	27	74%	0	0.5	0.00	—	0.00	0.00	1.28
48	Christopher A. KitchenKirkland & Ellis	25	76%	0	1.5	0.00	—	1.05	0.00	0.75
49	Michael W. RigdonKirkland & Ellis	25	92%	0	0.7	0.00	—	0.00	0.00	0.81
50	Timothy CruickshankKirkland & Ellis	20	85%	0	0.8	0.00	—	0.00	0.00	1.07

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
DELPHI CORPDPH (last ticker on record)	Jan 1999	Named in a filing	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
DITECH HOLDING CorpDHCP (last ticker on record)	Oct 2014	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
EXP OldCo Winddown, Inc.EXPR (last ticker on record)	Feb 2010	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
IDEANOMICS, INC.IDEX (last ticker on record)	Dec 2019	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Delisting notice (not a red flag)
Nikola CorpNKLA (last ticker on record)	Mar 2021	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
ODP CorpODP (last ticker on record)	May 1994	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
ARO Liquidation, Inc.AROPQ (last ticker on record)	Mar 2002	Named in a filing	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Avaya Holdings Corp.AVYA (last ticker on record)	Oct 2017	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Cambium Networks CorpCMBMF (last ticker on record)	Aug 2018	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Cano Health, Inc.CANOQ (last ticker on record)	Feb 2020	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Core Scientific, Inc./txCORZ (last ticker on record)	Jan 2021	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Molycorp, Inc.MCP (last ticker on record)	Jun 2010	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Motors Liquidation CoMTLQQ (last ticker on record)	Aug 2003	Named in a filing	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
National CineMedia, Inc.NCMI (last ticker on record)	Jan 2007	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
STAGE STORES INCSSI (last ticker on record)	Jun 1996	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
AKSYS LTDAKSY (last ticker on record)	May 1996	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restructuring Delisting notice (not a red flag)
Bausch Health Companies Inc.BHC (last ticker on record)	Jun 2014	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring
Commercial Vehicle Group, Inc.CVGI (last ticker on record)	May 2004	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring
Destination Maternity CorpDEST (last ticker on record)	Jun 2002	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag) Went dark (not a red flag)
DISH Network CORPDISH (last ticker on record)	Jun 2013	Text search only	SEC/DOJ scrutiny 95% wipeout Restructuring Delisting notice (not a red flag)
Exela Technologies, Inc.XELA (last ticker on record)	Sep 2014	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Delisting notice (not a red flag)
Momentus Inc.MNTS (last ticker on record)	Nov 2020	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Delisting notice (not a red flag)
Neurotrope, Inc.NTRP (last ticker on record)	Dec 2014	Text search only	SEC/DOJ scrutiny 95% wipeout Delisting notice (not a red flag)
NexCen Brands, Inc.NEXC (last ticker on record)	Aug 2004	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
TAPESTRY PHARMACEUTICALS, INCTPPH (last ticker on record)	May 1996	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag) Went dark (not a red flag)
USG CORPUSG (last ticker on record)	Feb 1994	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
A.K.A. BRANDS HOLDING CORP.AKA (last ticker on record)	Jun 2021	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Delisting notice (not a red flag)
ASHFORD HOSPITALITY TRUST INCAHT (last ticker on record)	Oct 2014	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restructuring Delisting notice (not a red flag)
BioRestorative Therapies, Inc.BRTX (last ticker on record)	Oct 2017	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
CNO Financial Group, Inc.CNO (last ticker on record)	Sep 2003	Named in a filing	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring
Cyxtera Technologies, Inc.CYXT (last ticker on record)	Jun 2020	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Dada Nexus LtdDADA (last ticker on record)	Dec 2019	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout
DANKA BUSINESS SYSTEMS PLCDANKY (last ticker on record)	Feb 2001	Text search only	95% wipeout Restatement Restructuring Delisting notice (not a red flag) Went dark (not a red flag)
Eos Energy Enterprises, Inc.EOSE (last ticker on record)	Oct 2020	Text search only	SEC/DOJ scrutiny 95% wipeout Restructuring Delisting notice (not a red flag)
Extraction Oil & Gas, Inc.XOG (last ticker on record)	Mar 2018	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
FARADAY FUTURE INTELLIGENT ELECTRIC INC.FFAI (last ticker on record)	Jun 2022	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Delisting notice (not a red flag)
Fisker Inc./DEFSRN (last ticker on record)	Jul 2018	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
GRAFTECH INTERNATIONAL LTDEAF (last ticker on record)	Mar 2014	Text search only	SEC/DOJ scrutiny 95% wipeout Restructuring Delisting notice (not a red flag)
Jason Industries, Inc.JASN (last ticker on record)	Mar 2014	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Jones Energy, Inc.JONE (last ticker on record)	Jun 2013	Named in a filing	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
LASON INCLSSN (last ticker on record)	Aug 1996	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout
NATIONAL EQUIPMENT SERVICES INCNSV (last ticker on record)	Dec 1997	Named in a filing	SEC/DOJ scrutiny 95% wipeout
NGEN, INC.NGEN (last ticker on record)	Aug 2001	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Proterra IncPTRAQ (last ticker on record)	Aug 2020	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Spirit Aviation Holdings, Inc.FLYY (last ticker on record)	Sep 2010	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Sunlight Financial Holdings Inc.SUNL (last ticker on record)	Mar 2021	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
TA DELAWARE, INC.TWRAQ (last ticker on record)	Jun 1996	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
20230930-DK-Butterfly-1, Inc.BBBY (last ticker on record)	Oct 2022	Named in SEC correspondence	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Acorda Therapeutics, Inc.ACOR (last ticker on record)	Mar 2016	Named in SEC correspondence	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Adagio Medical Holdings, Inc.ADGM (last ticker on record)	Feb 2024	Named in SEC correspondence	95% wipeout Restatement Restructuring 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