Simpson Thacher & Bartlett

Linked to 1,396 companies since Jan 1994. A filing names it for 65% 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.

124 of these companies later showed signs of SEC or DOJ scrutiny and had another red flag. Comparable companies would show 99.4, so that is 1.25× what you would expect.

SEC or DOJ scrutiny and another red flag: 1.25×; 124 companies, 99.4 expected, q 0.374
SEC or DOJ scrutiny: 1.28×; 226 companies, 177.2 expected, q 0.295
Stopped filing, and the SEC acted: 0.11×; 5 companies, 46.1 expected, q 1.000
Shares fell 95% from their high: 0.92×; 139 companies, 151.1 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	124	99.4	1.25	0.374
SEC or DOJ scrutiny	226	177.2	1.28	0.295
Stopped filing, and the SEC acted	5	46.1	0.11	1.000
Shares fell 95% from their high	139	151.1	0.92	1.000
Two or more different red flags	241	200.4	1.20	0.156
Said its accounts could not be relied on	158	177.7	0.89	1.000
Bankruptcy or receivership	85	56.5	1.51	0.028
Restructuring or accelerated debt	334	263.3	1.27	0.004
Delisting notice	427	395.4	1.08	0.706
SEC accounting enforcement release	54	42.4	1.27	1.000
An SEC release or DOJ statement names it, an officer or its stock	105	92.4	1.14	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.
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1	John B. TehanSimpson Thacher & Bartlett	33	79%	7	2.7	2.59	0.850	2.25	0.00	0.59
2	Alan D. SchnitzerSimpson Thacher & Bartlett	8	88%	4	0.9	4.57	0.879	3.48	0.00	0.00
3	William R. DoughertySimpson Thacher & Bartlett	20	35%	4	1.4	2.91	0.886	2.66	0.00	1.11
4	William H. Hinman Jr.Simpson Thacher & Bartlett	39	82%	7	3.6	1.93	0.914	2.18	0.00	1.11
5	Igor FertSimpson Thacher & Bartlett	10	90%	3	0.9	3.48	0.914	2.04	0.00	0.00
6	Gary L. SellersSimpson Thacher & Bartlett	18	83%	4	1.6	2.53	0.965	1.89	0.00	1.73
7	Edward P. Tolley IIISimpson Thacher & Bartlett	58	57%	5	4.8	1.05	1.000	0.93	0.00	0.53
8	Joshua Ford BonnieSimpson Thacher & Bartlett	54	89%	5	3.9	1.29	1.000	1.61	0.00	1.11
9	Gary I. HorowitzSimpson Thacher & Bartlett	53	68%	4	5.5	0.73	1.000	1.39	0.00	0.76
10	Lee MeyersonSimpson Thacher & Bartlett	44	86%	4	4.5	0.90	1.000	1.00	0.00	0.56
11	William B. BrentaniSimpson Thacher & Bartlett	41	81%	4	2.3	1.71	1.000	1.03	0.00	0.67
12	Chris LinSimpson Thacher & Bartlett	39	44%	2	3.0	0.66	1.000	1.28	1.55	1.65
13	Daniel FertigSimpson Thacher & Bartlett	39	62%	2	2.0	0.99	1.000	1.24	0.00	1.28
14	Richard A. FenyesSimpson Thacher & Bartlett	39	80%	1	2.5	0.40	1.000	0.36	0.00	0.32
15	Elizabeth A. CooperSimpson Thacher & Bartlett	37	65%	2	1.9	1.03	1.000	1.43	0.00	0.35
16	Kathryn King SudolSimpson Thacher & Bartlett	36	19%	2	2.2	0.90	1.000	1.16	0.85	1.41
17	Vincent Pagano Jr.Simpson Thacher & Bartlett	36	100%	2	4.6	0.43	1.000	1.14	0.00	0.50
18	Kenneth B. WallachSimpson Thacher & Bartlett	31	71%	1	1.4	0.69	1.000	0.88	0.00	0.88
19	Mark BrodSimpson Thacher & Bartlett	27	89%	2	1.2	1.72	1.000	0.83	0.00	0.35
20	Yi GaoSimpson Thacher & Bartlett	27	93%	1	0.6	1.79	1.000	1.26	0.00	1.38
21	Arthur D. RobinsonSimpson Thacher & Bartlett	24	79%	2	1.2	1.67	1.000	1.69	0.00	0.92
22	Hui LinSimpson Thacher & Bartlett	24	42%	1	0.8	1.30	1.000	1.16	0.00	2.03
23	Kevin P. KennedySimpson Thacher & Bartlett	24	88%	2	2.2	0.92	1.000	1.06	0.00	1.18
24	Eric M. SwedenburgSimpson Thacher & Bartlett	23	65%	1	1.9	0.53	1.000	1.01	0.00	0.49
25	Mario A. PonceSimpson Thacher & Bartlett	23	74%	4	2.3	1.76	1.000	2.60	1.10	1.22
26	Michael NathanSimpson Thacher & Bartlett	23	74%	3	1.7	1.79	1.000	0.97	0.00	0.52
27	William E. CurbowSimpson Thacher & Bartlett	23	22%	2	1.9	1.04	1.000	1.17	0.00	2.20
28	David J. SorkinSimpson Thacher & Bartlett	22	55%	4	1.9	2.09	1.000	1.45	0.00	0.52
29	Alan M. KleinSimpson Thacher & Bartlett	21	91%	1	1.1	0.93	1.000	1.99	0.00	1.30
30	Jonathan R. OznerSimpson Thacher & Bartlett	21	86%	1	0.6	1.56	1.000	1.01	0.00	0.00
31	Richard CapeloutoSimpson Thacher & Bartlett	21	62%	3	1.4	2.07	1.000	1.51	0.00	0.96
32	Andrew R. KellerSimpson Thacher & Bartlett	18	100%	1	1.2	0.82	1.000	0.41	0.00	0.63
33	Caroline B. GottschalkSimpson Thacher & Bartlett	18	28%	2	1.5	1.37	1.000	1.56	0.00	0.00
34	Peter J. GordonSimpson Thacher & Bartlett	18	50%	2	1.1	1.78	1.000	1.00	1.15	1.68
35	John G. FinleySimpson Thacher & Bartlett	17	65%	3	1.3	2.24	1.000	1.76	0.00	0.66
36	Charles I. CogutSimpson Thacher & Bartlett	15	73%	2	2.3	0.87	1.000	1.20	0.00	0.75
37	John D. LobranoSimpson Thacher & Bartlett	15	60%	2	1.3	1.55	1.000	1.83	0.00	0.73
38	Robert E. SpattSimpson Thacher & Bartlett	15	60%	3	1.8	1.70	1.000	1.44	0.00	0.98
39	Stephan J. FederSimpson Thacher & Bartlett	14	79%	2	1.4	1.44	1.000	0.89	0.00	1.38
40	Glenn M. ReiterSimpson Thacher & Bartlett	12	83%	1	2.2	0.45	1.000	0.90	0.00	2.04
41	Daniel ClivnerSimpson Thacher & Bartlett	11	55%	1	0.5	2.07	1.000	1.02	0.00	1.02
42	J. Eric MakiSimpson Thacher & Bartlett	11	64%	3	1.2	2.46	1.000	1.52	0.00	1.82
43	RAYMOND W. WAGNERSimpson Thacher & Bartlett	10	100%	1	0.8	1.19	1.000	2.84	0.00	0.99
44	Robert L. FriedmanSimpson Thacher & Bartlett	10	10%	1	0.8	1.24	1.000	2.18	0.00	0.00
45	Edward J. ChungSimpson Thacher & Bartlett	9	56%	1	0.8	1.30	1.000	0.82	0.00	1.76
46	Kirsten JensenSimpson Thacher & Bartlett	9	33%	2	0.9	2.13	1.000	1.42	0.00	0.00
47	Michael WolfsonSimpson Thacher & Bartlett	9	56%	1	0.4	2.64	1.000	1.66	0.00	0.55
48	Peter MartelliSimpson Thacher & Bartlett	9	33%	1	0.6	1.83	1.000	1.43	0.00	0.00
49	Arjun KoshalSimpson Thacher & Bartlett	8	75%	2	0.6	3.49	1.000	2.38	0.00	0.00
50	Benjamin P. SchayeSimpson Thacher & Bartlett	8	75%	1	0.5	2.04	1.000	2.49	0.00	0.72

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)	Jul 2003	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
DANA IncDAN (last ticker on record)	Dec 2001	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
OVERSEAS SHIPHOLDING GROUP INCOSG (last ticker on record)	Jul 2003	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
AVIS BUDGET GROUP, INC.CAR (last ticker on record)	Jul 2001	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
DITECH HOLDING CorpDHCP (last ticker on record)	Nov 2008	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
HERTZ CORP	Feb 1997	Named in a filing	SEC/DOJ scrutiny Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
INTERSTATE BAKERIES CORPIBC (last ticker on record)	May 2002	Text search only	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
ODP CorpODP (last ticker on record)	Jul 1998	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
PARKER DRILLING COPKD (last ticker on record)	Nov 2003	Text search only	SEC/DOJ scrutiny 95% wipeout 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)
CA, INC.CA (last ticker on record)	Sep 2002	Text search only	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
COUNTRYWIDE FINANCIAL CORPCFC (last ticker on record)	Jul 2004	Text search only	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
Covia Holdings CorpCVIAQ (last ticker on record)	Apr 2018	Text search only	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
MAGNACHIP SEMICONDUCTOR CorpMX (last ticker on record)	Feb 2011	Text search only	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
NAVISTAR INTERNATIONAL CORPNAV (last ticker on record)	Jul 2001	Text search only	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
Nuverra Environmental Solutions, Inc.NES (last ticker on record)	Jun 2007	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
PHOENIX COMPANIES INC/DEPNX (last ticker on record)	Mar 2008	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Delisting notice (not a red flag)
Pro Farm Group, Inc.MBII (last ticker on record)	Nov 2012	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Delisting notice (not a red flag)
VERINT SYSTEMS INCVRNT (last ticker on record)	Apr 2002	Text search only	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
WARNACO GROUP INCWRC (last ticker on record)	Nov 1997	Named in a filing	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
WCI COMMUNITIES INCWCI (last ticker on record)	Apr 2001	Named in a filing	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
ASSURANT, INC.AIZ (last ticker on record)	Oct 2003	Named in a filing	SEC/DOJ scrutiny Restatement Restructuring
Canoo Inc.GOEV (last ticker on record)	Sep 2020	Text search only	SEC/DOJ scrutiny 95% wipeout Bankruptcy Delisting notice (not a red flag)
CHIQUITA BRANDS INTERNATIONAL INCCQB (last ticker on record)	Jan 1994	Named in SEC correspondence	SEC/DOJ scrutiny Restructuring Delisting notice (not a red flag)
CNET NETWORKS INCCNET (last ticker on record)	Aug 2000	Named in a filing	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
DOLLAR GENERAL CORPDG (last ticker on record)	Apr 2007	Named in SEC correspondence	SEC/DOJ scrutiny Restructuring Delisting notice (not a red flag)
DOW CHEMICAL CODOW (last ticker on record)	Apr 2016	Text search only	SEC/DOJ scrutiny Restructuring Delisting notice (not a red flag)
EPL OIL & GAS, INC.EPL (last ticker on record)	Apr 2003	Text search only	SEC/DOJ scrutiny Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
EXELON CORPEXC (last ticker on record)	Feb 2005	Text search only	SEC/DOJ scrutiny Restructuring Delisting notice (not a red flag)
Gen Digital Inc.GEN (last ticker on record)	Feb 2005	Named in a filing	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
GENERAL CABLE CORPBGC (last ticker on record)	Oct 2009	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Restructuring
GLOBAL CROSSING LTDGLBC (last ticker on record)	Jan 2000	Named in a filing	SEC/DOJ scrutiny Restructuring Delisting notice (not a red flag)
Golden Mountain Financial CorpFNBC (last ticker on record)	Nov 2012	Text search only	SEC/DOJ scrutiny Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Internap CorpINAP (last ticker on record)	Nov 2002	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring
L3 TECHNOLOGIES, INC.LLL (last ticker on record)	Jul 1997	Named in a filing	SEC/DOJ scrutiny Restructuring Delisting notice (not a red flag)
MAXIM INTEGRATED PRODUCTS INCMXIM (last ticker on record)	Feb 2001	Named in a filing	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
MEDLEY MANAGEMENT INC.MDLY (last ticker on record)	Jun 2014	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restructuring Delisting notice (not a red flag)
NEWELL BRANDS INC.NWL (last ticker on record)	Jan 2016	Text search only	SEC/DOJ scrutiny Restructuring Delisting notice (not a red flag)
Old QVC Group, Inc.QVCGP (last ticker on record)	Jun 2009	Text search only	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
PAR PHARMACEUTICAL COMPANIES, INC.PRX (last ticker on record)	Dec 2003	Text search only	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
ROBBINS & MYERS, INC.RBN (last ticker on record)	Aug 1996	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
Santander Consumer USA Holdings Inc.SC (last ticker on record)	Dec 2013	Text search only	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
UNISYS CORPUIS (last ticker on record)	Apr 2002	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restructuring Delisting notice (not a red flag)
Vivint Smart Home, Inc.VVNT (last ticker on record)	Sep 2019	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
VMWARE LLCVMW (last ticker on record)	Sep 2009	Named in a filing	SEC/DOJ scrutiny Restructuring Delisting notice (not a red flag)
XEROX CORPXRX (last ticker on record)	Oct 2009	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Delisting notice (not a red flag)
ACCENDRA HEALTH INCACH (last ticker on record)	Dec 2017	Named in a filing	SEC/DOJ scrutiny 95% wipeout Restructuring Delisting notice (not a red flag)
AGILENT TECHNOLOGIES, INC.A (last ticker on record)	Mar 2002	Named in a filing	SEC/DOJ scrutiny Restatement Restructuring
APRIA HEALTHCARE GROUP INCAHG (last ticker on record)	Jul 2008	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
Ares Management CorpARES (last ticker on record)	Jan 2014	Named in SEC correspondence	SEC/DOJ scrutiny 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