Morgan Lewis

Linked to 1,028 companies since Mar 1994. A filing names it for 57% 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.

79 of these companies later showed signs of SEC or DOJ scrutiny and had another red flag. Comparable companies would show 72.1, so that is 1.10× what you would expect.

SEC or DOJ scrutiny and another red flag: 1.10×; 79 companies, 72.1 expected, q 0.962
SEC or DOJ scrutiny: 1.18×; 142 companies, 120.2 expected, q 0.945
Stopped filing, and the SEC acted: 0.31×; 12 companies, 38.4 expected, q 1.000
Shares fell 95% from their high: 1.02×; 168 companies, 165.1 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	79	72.1	1.10	0.962
SEC or DOJ scrutiny	142	120.2	1.18	0.945
Stopped filing, and the SEC acted	12	38.4	0.31	1.000
Shares fell 95% from their high	168	165.1	1.02	1.000
Two or more different red flags	203	174.8	1.16	0.284
Said its accounts could not be relied on	130	142.5	0.91	1.000
Bankruptcy or receivership	62	45.8	1.35	0.208
Restructuring or accelerated debt	259	209.1	1.24	0.009
Delisting notice	388	332.3	1.17	0.020
SEC accounting enforcement release	33	27.3	1.21	1.000
An SEC release or DOJ statement names it, an officer or its stock	81	62.6	1.29	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	Howard A. KennyMorgan Lewis	41	81%	1	2.4	0.41	1.000	0.69	0.00	0.22
2	James W. McKenzie Jr.Morgan Lewis	35	97%	3	2.3	1.28	1.000	0.71	0.00	2.70
3	Joanne R. SoslowMorgan Lewis	26	100%	3	1.9	1.60	1.000	1.30	0.86	0.85
4	David W. PollakMorgan Lewis	25	76%	1	2.0	0.51	1.000	0.33	0.00	1.55
5	Alan SingerMorgan Lewis	23	91%	2	2.2	0.92	1.000	1.09	0.00	0.39
6	Albert LungMorgan Lewis	23	57%	1	1.4	0.70	1.000	0.48	0.00	1.04
7	Laurie A. CervenyMorgan Lewis	22	100%	2	1.4	1.45	1.000	1.32	1.30	0.53
8	Linda L. GriggsMorgan Lewis	21	81%	3	2.7	1.13	1.000	1.39	0.00	1.09
9	Robert G. RobisonMorgan Lewis	20	45%	1	1.5	0.66	1.000	0.42	0.00	0.95
10	Stephen P. FarrellMorgan Lewis	20	80%	1	2.3	0.44	1.000	0.58	1.39	0.00
11	Robert J. LichtensteinMorgan Lewis	18	78%	2	1.9	1.04	1.000	0.65	0.00	0.46
12	Christopher T. JensenMorgan Lewis	16	88%	2	1.2	1.63	1.000	1.95	0.00	0.00
13	Keith E. GottfriedMorgan Lewis	16	100%	1	1.1	0.93	1.000	1.08	1.18	0.70
14	DAVID R. KINGMorgan Lewis	15	100%	1	1.5	0.68	1.000	0.97	0.00	0.38
15	R. Alec DawsonMorgan Lewis	15	20%	1	0.6	1.79	1.000	0.85	0.00	1.86
16	Thomas W. KellermanMorgan Lewis	15	87%	2	1.2	1.70	1.000	0.94	3.06	1.41
17	Randall B. SunbergMorgan Lewis	14	50%	1	1.5	0.67	1.000	0.51	0.83	0.35
18	Timothy J. CorbettMorgan Lewis	10	100%	1	0.7	1.35	1.000	1.42	0.00	0.99
19	N. JEFFREY KLAUDERMorgan Lewis	9	89%	1	1.1	0.88	1.000	0.57	0.00	0.97
20	Peter P. WallaceMorgan Lewis	9	100%	1	1.1	0.89	1.000	0.59	0.00	1.41
21	Todd A. HentgesMorgan Lewis	8	63%	1	0.3	3.39	1.000	4.57	0.00	1.93
22	Kimberly A. TaylorMorgan Lewis	7	71%	1	0.3	2.82	1.000	1.48	0.00	3.06
23	Stephen A. JannettaMorgan Lewis	7	86%	1	0.7	1.47	1.000	0.92	2.37	2.30
24	William S. PerkinsMorgan Lewis	7	57%	1	0.5	2.19	1.000	2.70	0.00	1.47
25	Benjamin SteinMorgan Lewis	6	83%	1	0.2	4.46	1.000	3.26	0.00	1.15
26	Jill Mather BartowMorgan Lewis	6	83%	2	0.6	3.37	1.000	2.05	0.00	1.70
27	S. James DiBernardoMorgan Lewis	6	100%	2	0.7	2.71	1.000	1.92	0.00	2.13
28	Angela C. HiltMorgan Lewis	5	100%	2	0.4	4.54	1.000	3.15	0.00	2.47
29	George G. YearsichMorgan Lewis	5	100%	1	0.9	1.16	1.000	2.36	0.00	0.00
30	John T. HoodMorgan Lewis	5	100%	1	0.7	1.44	1.000	0.93	0.00	0.00
31	Celia A. SoehnerMorgan Lewis	28	100%	0	0.5	0.00	—	0.45	0.00	1.33
32	Bryan S. KeigheryMorgan Lewis	18	89%	0	0.5	0.00	—	1.06	0.00	0.85
33	Emilio RagosaMorgan Lewis	18	94%	0	1.5	0.00	—	0.00	0.00	1.12
34	Richard B. AldridgeMorgan Lewis	17	88%	0	1.1	0.00	—	0.00	0.00	0.36
35	STEPHEN M. GOODMANMorgan Lewis	15	100%	0	1.0	0.00	—	0.00	1.51	2.19
36	Ning ZhangMorgan Lewis	14	57%	0	0.4	0.00	—	0.00	0.00	0.66
37	Steven M. CohenMorgan Lewis	14	50%	0	0.8	0.00	—	0.72	0.00	1.54
38	David A. SirignanoMorgan Lewis	13	77%	0	1.3	0.00	—	0.98	0.00	1.12
39	Erin E. MartinMorgan Lewis	13	100%	0	0.2	0.00	—	0.00	0.00	0.00
40	Amy I. PanditMorgan Lewis	12	100%	0	0.7	0.00	—	1.01	0.00	0.75
41	RICHARD A. DENMON UIREMorgan Lewis	10	100%	0	0.7	0.00	—	0.00	2.08	0.00
42	DAVID A. GERSONMorgan Lewis	9	78%	0	0.6	0.00	—	0.92	0.00	3.28
43	Rahul K. PatelMorgan Lewis	9	100%	0	0.3	0.00	—	0.00	0.00	0.00
44	Alexandra M. GoodMorgan Lewis	8	100%	0	0.1	0.00	—	1.81	0.00	2.88
45	Brian C. MinerMorgan Lewis	8	100%	0	0.9	0.00	—	0.00	2.14	0.00
46	Gary RothsteinMorgan Lewis	8	63%	0	0.8	0.00	—	3.19	0.00	0.94
47	Howard L. ShecterMorgan Lewis	8	50%	0	0.4	0.00	—	0.00	0.00	1.29
48	PETER S. SARTORIUSMorgan Lewis	8	63%	0	0.9	0.00	—	0.00	0.00	1.11
49	Joshua B. SterlingMorgan Lewis	7	14%	0	0.4	0.00	—	0.00	0.00	0.00
50	Louise L. LiuMorgan Lewis	7	100%	0	0.2	0.00	—	0.00	0.00	0.69

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
AMYRIS, INC.AMRS (last ticker on record)	Apr 2010	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Basin Water, Inc.BWTR (last ticker on record)	Feb 2006	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Delisting notice (not a red flag) Went dark (not a red flag)
NEW RITE AID, LLCRAD (last ticker on record)	Nov 1998	Named in a filing	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
NORTHWEST BIOTHERAPEUTICS INCNWBO (last ticker on record)	Oct 2001	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
SITO MOBILE, LTD.SITO (last ticker on record)	Apr 2017	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Delisting notice (not a red flag)
UniTek Global Services, Inc.UNTK (last ticker on record)	Aug 2010	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Delisting notice (not a red flag)
ABUNDIA GLOBAL IMPACT GROUP, INC.AGIG (last ticker on record)	Aug 2001	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
BROADCOM CORPBRCM (last ticker on record)	Apr 2003	Named in a filing	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
I2 TECHNOLOGIES INCITWO (last ticker on record)	Sep 2003	Named in a filing	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
OSIRIS THERAPEUTICS, INC.OSIR (last ticker on record)	Jun 2006	Text search only	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
PHOENIX COMPANIES INC/DEPNX (last ticker on record)	Feb 2001	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Delisting notice (not a red flag)
STONEMOR PARTNERS LPSTON (last ticker on record)	Jul 2004	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Delisting notice (not a red flag)
WELLCARE HEALTH PLANS, INC.WCG (last ticker on record)	Feb 2004	Text search only	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
3D SYSTEMS CORPDDD (last ticker on record)	Aug 2003	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Allarity Therapeutics, Inc.ALLR (last ticker on record)	Aug 2021	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Delisting notice (not a red flag)
BANKUNITED FINANCIAL CORPBKUNA (last ticker on record)	Apr 2002	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Delisting notice (not a red flag)
DENTSPLY SIRONA Inc.XRAY (last ticker on record)	Jun 1998	Named in a filing	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
FINISAR CORPFNSR (last ticker on record)	Jul 2004	Named in a filing	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Lucid Group, Inc.LCID (last ticker on record)	Mar 2021	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
PNC FINANCIAL SERVICES GROUP, INC.PNC (last ticker on record)	Aug 2006	Named in a filing	SEC/DOJ scrutiny Restatement Restructuring
Sculptor Capital Management, Inc.SCU (last ticker on record)	Jul 2007	Named in a filing	SEC/DOJ scrutiny 95% wipeout Restatement Delisting notice (not a red flag)
SOURCECORP INCSRCP (last ticker on record)	Jun 1996	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
TEREX CORPTEX (last ticker on record)	Jul 2001	Text search only	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
WAGEWORKS, INC.WAGE (last ticker on record)	Apr 2011	Text search only	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
BGC Group, Inc.BGC (last ticker on record)	Sep 1999	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
CardioGenics Holdings Inc.CGNH (last ticker on record)	Jan 2000	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement
Chrome Holding Co.MEHCQ (last ticker on record)	Feb 2021	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Cipher Digital Inc.CIPH (last ticker on record)	Mar 2021	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Delisting notice (not a red flag)
Echo Therapeutics, Inc.ECTE (last ticker on record)	Dec 2012	Named in SEC correspondence	95% wipeout Restatement Restructuring Delisting notice (not a red flag) Went dark (not a red flag)
JACKSON HEWITT TAX SERVICE INCJTX (last ticker on record)	Mar 2004	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
OMNICARE INCOCR (last ticker on record)	Mar 1997	Named in a filing	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
PERRIGO Co plcPRGO (last ticker on record)	Aug 2013	Text search only	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
PMC SIERRA INCPMCS (last ticker on record)	Dec 2010	Named in a filing	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
STANDARD DIVERSIFIED INC.SDI (last ticker on record)	Aug 2004	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
Tower Group International, Ltd.TWGP (last ticker on record)	May 2004	Text search only	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
ACCELRYS, INC.ACCL (last ticker on record)	Dec 2001	Text search only	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Alphatec Holdings, Inc.ATEC (last ticker on record)	Feb 2006	Text search only	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
American Strategic Investment Co.NYC (last ticker on record)	Jan 2014	Text search only	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Crumbs Bake Shop, Inc.CRMB (last ticker on record)	Nov 2009	Text search only	Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Eloxx Pharmaceuticals, Inc.ELOX (last ticker on record)	May 2005	Named in SEC correspondence	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Gadsden Properties, Inc.FCRE (last ticker on record)	Nov 2006	Named in SEC correspondence	Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Lite Strategy, Inc.LITS (last ticker on record)	Sep 2003	Named in SEC correspondence	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
NGEN, INC.NGEN (last ticker on record)	Jul 2003	Named in SEC correspondence	Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
OpenWorld, Inc.OPNW (last ticker on record)	Apr 2006	Named in a filing	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Perella Weinberg PartnersPWP (last ticker on record)	Feb 2021	Named in SEC correspondence	SEC/DOJ scrutiny Restatement
QUANTUM CORPQMCO (last ticker on record)	Nov 2020	Text search only	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
RTI INTERNATIONAL METALS INCRTI (last ticker on record)	Aug 2009	Text search only	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
Scorpius Holdings, Inc.SCPX (last ticker on record)	Mar 2016	Text search only	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Shuttle Pharmaceuticals Holdings, Inc.SHPH (last ticker on record)	Sep 2019	Text search only	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
TALPHERA, INC.TLPH (last ticker on record)	Nov 2010	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