Latham & Watkins LLP

Linked to 2,669 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, 284.1 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, 435.2 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	284.1	0.98	1.000
Stopped filing, and the SEC acted	27	86.2	0.31	1.000
Shares fell 95% from their high	468	435.2	1.08	1.000
Two or more different red flags	500	429.9	1.16	0.229
Said its accounts could not be relied on	329	360.4	0.91	1.000
Bankruptcy or receivership	157	115.6	1.36	0.048
Restructuring or accelerated debt	685	513.2	1.33	<0.001
Delisting notice	1,042	873.7	1.19	0.029
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	147.8	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	4.43	0.579	3.41	0.00	1.64
2	David M. HernandLatham & Watkins LLP	12	67%	4	1.2	3.43	0.800	2.44	0.00	2.39
3	Peter F. KermanLatham & Watkins LLP	16	56%	4	1.1	3.61	0.840	2.13	0.00	1.57
4	Cary K. HydenLatham & Watkins LLP	19	95%	4	1.3	3.20	0.856	2.03	0.93	1.00
5	Ryan J. MaiersonLatham & Watkins LLP	135	94%	10	5.5	1.82	0.873	1.27	0.00	1.27
6	Derek D. DundasLatham & Watkins LLP	10	70%	3	0.7	4.37	0.873	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	1.16
12	Charles K. RuckLatham & Watkins LLP	74	85%	7	5.2	1.34	1.000	1.31	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	1.19	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	1.24	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	2.32	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	1.9	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	2.12	1.000	0.99	0.77	2.36
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	1.16	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	0.54	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)
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)
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)
LOCAL CorpLOCM (last ticker on record)	Jun 2004	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
SANDRIDGE ENERGY INCSD (last ticker on record)	Jun 2007	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
ARO Liquidation, Inc.AROPQ (last ticker on record)	Mar 2002	Text search only	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
BAXANO SURGICAL, INC.BAXS (last ticker on record)	Jul 2007	Named in a filing	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
BIORA THERAPEUTICS, INC.BIOR (last ticker on record)	Dec 2019	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Clovis Oncology, Inc.CLVS (last ticker on record)	Jun 2011	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
DENDREON CORPDNDNQ (last ticker on record)	Jan 2003	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
DYNEGY INC.DYN (last ticker on record)	Dec 2006	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Endo International plcENDP (last ticker on record)	Dec 2013	Text search only	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
National CineMedia, Inc.NCMI (last ticker on record)	Dec 2006	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Nikola CorpNKLA (last ticker on record)	Aug 2022	Text search only	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
PROJECT SAGE OLDCO, INC.SIEN (last ticker on record)	Jul 2014	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
ROTECH HEALTHCARE INCROHI (last ticker on record)	Jan 2003	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
SIRVA INCSIR (last ticker on record)	Aug 2003	Named in a filing	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
WCI COMMUNITIES INCWCI (last ticker on record)	Apr 2001	Text search only	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
BioXcel Therapeutics, Inc.BTAI (last ticker on record)	Nov 2017	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Capstone Energy Plus, Inc.CEPL (last ticker on record)	Mar 2000	Named in a filing	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy 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)
Keenova Therapeutics plcMNKTQ (last ticker on record)	May 2014	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Kior IncKIOR (last ticker on record)	Apr 2011	Named in SEC correspondence	SEC/DOJ scrutiny Bankruptcy Restructuring Delisting notice (not a red flag)
Legacy IMBDS, Inc.IMBI (last ticker on record)	Jul 2005	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Near Intelligence, Inc.NIR (last ticker on record)	Nov 2022	Text search only	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
NOVELION THERAPEUTICS INC.NVLNF (last ticker on record)	Jul 2004	Named in SEC correspondence	SEC/DOJ scrutiny Bankruptcy Restructuring Delisting notice (not a red flag) Went dark (not a red flag)
Pressburg, LLCROAN (last ticker on record)	Jun 2012	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
ROCK CREEK PHARMACEUTICALS, INC.RCPI (last ticker on record)	May 2004	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag) Went dark (not a red flag)
SPATIALIGHT INCHDTV (last ticker on record)	Jan 2007	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy
CENTRUS ENERGY CORPLEU (last ticker on record)	Sep 2007	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Chrome Holding Co.MEHCQ (last ticker on record)	Mar 2020	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
DAYTON SUPERIOR CORPDSUP (last ticker on record)	Jul 2000	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Enviva, LLCEVVAQ (last ticker on record)	Dec 2013	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Extraction Oil & Gas, Inc.XOG (last ticker on record)	Oct 2015	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
FLEETWOOD ENTERPRISES INCFLTW (last ticker on record)	Nov 2008	Text search only	SEC/DOJ scrutiny Bankruptcy Restructuring Delisting notice (not a red flag)
IO Biotech, Inc.IOBT (last ticker on record)	Jun 2021	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Jason Industries, Inc.JASN (last ticker on record)	May 2014	Text search only	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)
Lonestar Resources US Inc.LONE (last ticker on record)	Oct 2016	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
NII HOLDINGS INCNIHD (last ticker on record)	Feb 2001	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Nuo Therapeutics, Inc.AURX (last ticker on record)	Feb 2001	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
NVN Liquidation, Inc.NOVN (last ticker on record)	Feb 2016	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	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Virgin Orbit Holdings, Inc.VORB (last ticker on record)	Sep 2021	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Walter Energy, Inc.WLTGQ (last ticker on record)	Feb 2002	Named in a filing	95% wipeout Restatement Bankruptcy 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