Latham & Watkins LLP

Linked to 2,667 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.

176 of these companies later showed signs of SEC or DOJ scrutiny and had another red flag. Comparable companies would show 168.0, so that is 1.05× what you would expect.

SEC or DOJ scrutiny and another red flag: 1.05×; 176 companies, 168.0 expected, q 1.000
SEC or DOJ scrutiny: 0.98×; 279 companies, 283.9 expected, q 1.000
Stopped filing, and the SEC acted: 0.31×; 27 companies, 86.2 expected, q 1.000
Shares fell 95% from their high: 1.08×; 468 companies, 434.7 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	176	168.0	1.05	1.000
SEC or DOJ scrutiny	279	283.9	0.98	1.000
Stopped filing, and the SEC acted	27	86.2	0.31	1.000
Shares fell 95% from their high	468	434.7	1.08	1.000
Two or more different red flags	500	429.6	1.16	0.229
Said its accounts could not be relied on	329	359.7	0.91	1.000
Bankruptcy or receivership	157	115.1	1.36	0.044
Restructuring or accelerated debt	685	512.7	1.34	<0.001
Delisting notice	1,042	872.9	1.19	0.027
SEC accounting enforcement release	66	61.7	1.07	1.000
An SEC release or DOJ statement names it, an officer or its stock	152	147.7	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	David S. AllinsonLatham & Watkins LLP	21	52%	5	1.1	4.44	0.574	3.41	0.00	1.64
2	David M. HernandLatham & Watkins LLP	12	67%	4	1.2	3.43	0.797	2.44	0.00	2.39
3	Peter F. KermanLatham & Watkins LLP	16	56%	4	1.1	3.61	0.838	2.13	0.00	1.57
4	Cary K. HydenLatham & Watkins LLP	19	95%	4	1.3	3.20	0.850	2.03	0.93	1.00
5	Ryan J. MaiersonLatham & Watkins LLP	135	94%	10	5.5	1.82	0.868	1.27	0.00	1.27
6	Derek D. DundasLatham & Watkins LLP	10	70%	3	0.7	4.37	0.868	2.55	0.00	1.86
7	Marc D. JaffeLatham & Watkins LLP	156	78%	9	7.2	1.24	1.000	1.05	0.00	1.09
8	Alan C. MendelsonLatham & Watkins LLP	95	74%	7	9.4	0.74	1.000	0.60	0.19	1.28
9	Ian D. SchumanLatham & Watkins LLP	91	85%	3	3.7	0.81	1.000	1.06	0.00	1.00
10	Peter N. HandrinosLatham & Watkins LLP	85	93%	4	5.8	0.69	1.000	0.61	0.00	1.31
11	Nathan AjiashviliLatham & Watkins LLP	76	92%	1	3.4	0.29	1.000	0.38	0.00	1.15
12	Charles K. RuckLatham & Watkins LLP	74	85%	7	5.2	1.34	1.000	1.30	0.35	0.66
13	Brian J. CuneoLatham & Watkins LLP	71	92%	1	3.8	0.26	1.000	0.54	0.00	1.79
14	Steven B. StokdykLatham & Watkins LLP	62	87%	5	5.1	0.97	1.000	1.06	0.00	0.94
15	John J. HuberLatham & Watkins LLP	61	69%	7	7.0	1.00	1.000	1.12	0.00	1.73
16	Debbie P. YeeLatham & Watkins LLP	60	50%	2	2.1	0.97	1.000	0.85	0.00	1.31
17	Sean T. WheelerLatham & Watkins LLP	59	86%	4	3.4	1.18	1.000	0.97	0.00	1.27
18	Christopher L. KaufmanLatham & Watkins LLP	54	78%	4	4.2	0.95	1.000	0.81	0.00	0.99
19	Wesley C. HolmesLatham & Watkins LLP	53	94%	4	2.4	1.66	1.000	1.55	1.08	1.34
20	Kirk A. DavenportLatham & Watkins LLP	52	58%	5	3.7	1.35	1.000	0.77	0.00	0.75
21	Matthew T. BushLatham & Watkins LLP	50	100%	1	3.0	0.33	1.000	0.21	0.00	1.21
22	Rachel W. SheridanLatham & Watkins LLP	45	84%	2	2.6	0.77	1.000	0.63	0.00	1.44
23	Gregory P. RodgersLatham & Watkins LLP	44	98%	3	3.6	0.84	1.000	0.77	0.00	1.41
24	Michael E. SullivanLatham & Watkins LLP	43	56%	2	2.3	0.87	1.000	0.56	0.00	0.77
25	Patrick A. PohlenLatham & Watkins LLP	43	86%	4	4.4	0.91	1.000	1.20	1.25	0.98
26	Drew CapurroLatham & Watkins LLP	41	100%	2	2.0	0.99	1.000	1.05	0.00	1.26
27	William N. Finnegan IVLatham & Watkins LLP	39	92%	1	3.0	0.33	1.000	0.57	0.00	1.09
28	Bradley C. FarisLatham & Watkins LLP	38	63%	4	1.7	2.33	1.000	1.58	0.00	0.24
29	Mark D. GersteinLatham & Watkins LLP	38	66%	3	2.5	1.18	1.000	0.99	0.00	0.71
30	Brian D. PaulsonLatham & Watkins LLP	37	97%	1	1.6	0.64	1.000	0.35	0.00	1.23
31	R. Scott SheanLatham & Watkins LLP	37	89%	5	2.9	1.74	1.000	1.95	0.74	0.76
32	Raymond Y. LinLatham & Watkins LLP	37	54%	4	3.6	1.11	1.000	1.31	0.00	2.16
33	Joel H. TrotterLatham & Watkins LLP	35	97%	2	2.6	0.77	1.000	1.04	0.00	0.71
34	Kathleen M. WellsLatham & Watkins LLP	35	91%	2	2.0	0.98	1.000	0.86	0.00	1.09
35	Elisabeth M. MartinLatham & Watkins LLP	33	79%	4	1.8	2.17	1.000	1.53	0.00	1.08
36	Howard A. SobelLatham & Watkins LLP	33	61%	1	1.7	0.58	1.000	0.33	0.00	1.36
37	J. Ross McAloonLatham & Watkins LLP	31	97%	2	1.0	2.06	1.000	1.71	0.00	1.03
38	Christopher D. LuekingLatham & Watkins LLP	30	80%	4	1.9	2.06	1.000	1.29	0.00	1.57
39	Anthony J. RichmondLatham & Watkins LLP	29	100%	3	1.4	2.13	1.000	0.99	0.77	2.35
40	Erika L. WeinbergLatham & Watkins LLP	29	90%	3	1.1	2.71	1.000	1.63	1.93	0.84
41	Michael BenjaminLatham & Watkins LLP	29	86%	1	1.1	0.93	1.000	0.74	0.00	1.83
42	John M. NewellLatham & Watkins LLP	28	71%	2	3.2	0.63	1.000	0.56	0.00	0.72
43	Scott N. WolfeLatham & Watkins LLP	28	100%	1	2.6	0.38	1.000	0.25	0.00	1.23
44	Phillip S. StoupLatham & Watkins LLP	27	89%	1	1.0	0.99	1.000	1.15	0.00	1.78
45	Brent T. EpsteinLatham & Watkins LLP	26	96%	1	1.1	0.91	1.000	1.66	0.00	1.21
46	Tracy K. EdmonsonLatham & Watkins LLP	26	73%	5	3.2	1.58	1.000	1.58	0.00	1.21
47	John A. OtoshiLatham & Watkins LLP	24	42%	2	2.7	0.75	1.000	1.77	1.17	1.36
48	John H. ChoryLatham & Watkins LLP	24	88%	1	1.5	0.66	1.000	0.77	0.00	1.50
49	Joshua M. DubofskyLatham & Watkins LLP	24	75%	1	1.2	0.86	1.000	1.15	0.00	0.68
50	Michael W. HallLatham & Watkins LLP	24	79%	1	1.8	0.56	1.000	0.34	0.55	0.95

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
Basin Water, Inc.BWTR (last ticker on record)	Feb 2006	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Delisting notice (not a red flag) Went dark (not a red flag)
DZS INC.DZSI (last ticker on record)	Aug 2003	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Refco Inc.RFX (last ticker on record)	Dec 2004	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
ARTHROCARE CORPARTC (last ticker on record)	Oct 1999	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
AVIS BUDGET GROUP, INC.CAR (last ticker on record)	Apr 2002	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
BALLY TOTAL FITNESS HOLDING CORPBFTH (last ticker on record)	Feb 2001	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy 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)
HERTZ CORP	Mar 2011	Text search only	SEC/DOJ scrutiny Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Latch, Inc.LTCH (last ticker on record)	Feb 2021	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
LIBBEY INCLBY (last ticker on record)	Jan 1997	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
QUANTUM CORPQMCO (last ticker on record)	Mar 2009	Named in a filing	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
AVON PRODUCTS INCAVP (last ticker on record)	Aug 2007	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restructuring Delisting notice (not a red flag)
BROADCOM CORPBRCM (last ticker on record)	Feb 2004	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
Digital Turbine, Inc.APPS (last ticker on record)	Dec 2014	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Delisting notice (not a red flag)
MAGNACHIP SEMICONDUCTOR CorpMX (last ticker on record)	Jun 2005	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
MATTEL INCMAT (last ticker on record)	Apr 1996	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
McAfee, Inc.MFE (last ticker on record)	Dec 2004	Named in a filing	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
Steel Connect LLCSTCN (last ticker on record)	Jun 2004	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
ADVANCED DRAINAGE SYSTEMS, INC.WMS (last ticker on record)	Apr 2014	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
Apex Global Brands Inc.APEX (last ticker on record)	Apr 1998	Named in a filing	SEC/DOJ scrutiny 95% wipeout Delisting notice (not a red flag)
BIO-RAD LABORATORIES, INC.BIO (last ticker on record)	May 2000	Named in a filing	SEC/DOJ scrutiny Restructuring Delisting notice (not a red flag)
Citi Investor Services, Inc.BSG (last ticker on record)	Jun 2001	Text search only	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
COMPASS MINERALS INTERNATIONAL INCCMP (last ticker on record)	Apr 2003	Named in a filing	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
DELPHI CORPDPH (last ticker on record)	Dec 2007	Text search only	SEC/DOJ scrutiny Bankruptcy Restructuring
DMK PHARMACEUTICALS CorpDMK (last ticker on record)	Sep 2022	Named in SEC correspondence	SEC/DOJ scrutiny Bankruptcy Delisting notice (not a red flag)
EXCELLIGENCE LEARNING CORPLRNS (last ticker on record)	Jan 2001	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
EXPRO GROUP HOLDINGS N.V.XPRO (last ticker on record)	May 2013	Named in SEC correspondence	SEC/DOJ scrutiny Restructuring Delisting notice (not a red flag)
Exterran Energy Corp.HC (last ticker on record)	Feb 2000	Named in a filing	SEC/DOJ scrutiny Restructuring Delisting notice (not a red flag)
GENERAL CABLE CORPBGC (last ticker on record)	Feb 2004	Text search only	SEC/DOJ scrutiny Restatement Restructuring
GRANITE CONSTRUCTION INCGVA (last ticker on record)	Mar 2018	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
MONSANTO COMON (last ticker on record)	Nov 2013	Named in a filing	SEC/DOJ scrutiny Restructuring Delisting notice (not a red flag)
MOVE INCMOVE (last ticker on record)	Oct 2000	Named in a filing	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
NATIONAL SEMICONDUCTOR CORPNSM (last ticker on record)	Mar 1994	Named in SEC correspondence	SEC/DOJ scrutiny Restructuring Delisting notice (not a red flag)
OVERSEAS SHIPHOLDING GROUP INCOSG (last ticker on record)	Aug 2014	Text search only	SEC/DOJ scrutiny 95% wipeout Delisting notice (not a red flag)
Strategy IncMSTR (last ticker on record)	Apr 1998	Named in a filing	SEC/DOJ scrutiny Restructuring Delisting notice (not a red flag)
TENET HEALTHCARE CORPTHC (last ticker on record)	Mar 2006	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restructuring
WAGEWORKS, INC.WAGE (last ticker on record)	Apr 2011	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
ALTABA INC.AABA (last ticker on record)	Aug 2007	Named in a filing	SEC/DOJ scrutiny Restructuring
Avery Dennison CorpAVY (last ticker on record)	Mar 1994	Named in SEC correspondence	SEC/DOJ scrutiny Restructuring
BALL CorpBALL (last ticker on record)	Sep 2003	Text search only	SEC/DOJ scrutiny Restructuring
DGLV INCDGLV (last ticker on record)	Mar 2000	Named in a filing	SEC/DOJ scrutiny 95% wipeout
DUANE READE INCDRD (last ticker on record)	Nov 1997	Named in a filing	SEC/DOJ scrutiny Restatement
ELI LILLY & CoLLY (last ticker on record)	Oct 2008	Text search only	SEC/DOJ scrutiny Restructuring
L3HARRIS TECHNOLOGIES, INC.LHX (last ticker on record)	Apr 2015	Text search only	SEC/DOJ scrutiny Restructuring
REYNOLDS & REYNOLDS COREY (last ticker on record)	Oct 2005	Named in SEC correspondence	SEC/DOJ scrutiny Restatement
SATYAM COMPUTER SERVICES LTDSAYCY (last ticker on record)	Feb 2005	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout
ST JOE CoJOE (last ticker on record)	Dec 1997	Named in a filing	SEC/DOJ scrutiny Restructuring
SYMBOL TECHNOLOGIES INCSBL (last ticker on record)	Sep 2004	Named in a filing	SEC/DOJ scrutiny Restructuring
U S WIRELESS CORPUSWC (last ticker on record)	Mar 2000	Named in a filing	SEC/DOJ scrutiny 95% wipeout
Ventas, Inc.VTR (last ticker on record)	Dec 2002	Named in a filing	SEC/DOJ scrutiny Restatement

At a glance

Every outcome

Lawyers at this firm

Linked companies

At a glance

Every outcome

Lawyers at this firm

Linked companies