Skadden, Arps, Slate, Meagher & Flom LLP

Linked to 2,607 companies since Jan 1994. A filing names it for 70% 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.

224 of these companies later showed signs of SEC or DOJ scrutiny and had another red flag. Comparable companies would show 182.8, so that is 1.23× what you would expect.

SEC or DOJ scrutiny and another red flag: 1.23×; 224 companies, 182.8 expected, q 0.206
SEC or DOJ scrutiny: 1.15×; 367 companies, 318.4 expected, q 0.805
Stopped filing, and the SEC acted: 0.19×; 17 companies, 90.5 expected, q 1.000
Shares fell 95% from their high: 0.82×; 281 companies, 341.3 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	224	182.8	1.23	0.206
SEC or DOJ scrutiny	367	318.4	1.15	0.805
Stopped filing, and the SEC acted	17	90.5	0.19	1.000
Shares fell 95% from their high	281	341.3	0.82	1.000
Two or more different red flags	422	396.7	1.06	1.000
Said its accounts could not be relied on	355	358.7	0.99	1.000
Bankruptcy or receivership	130	108.5	1.20	0.400
Restructuring or accelerated debt	541	484.6	1.12	0.559
Delisting notice	914	777.1	1.18	0.028
SEC accounting enforcement release	84	75.5	1.11	1.000
An SEC release or DOJ statement names it, an officer or its stock	174	167.1	1.04	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	Brandon Van DykeSkadden, Arps, Slate, Meagher & Flom LLP	21	76%	6	1.3	4.60	0.350	2.26	0.00	1.39
2	Joseph M. YaffeSkadden, Arps, Slate, Meagher & Flom LLP	13	69%	4	0.7	5.41	0.631	2.75	0.00	0.82
3	Gregg A. NoelSkadden, Arps, Slate, Meagher & Flom LLP	206	83%	19	10.7	1.78	0.707	1.75	0.21	0.97
4	Sonia K. NijjarSkadden, Arps, Slate, Meagher & Flom LLP	8	88%	3	0.4	8.18	0.732	2.39	0.00	4.81
5	Michael J. SchwartzSkadden, Arps, Slate, Meagher & Flom LLP	34	79%	5	1.6	3.04	0.792	2.20	0.00	1.61
6	Thomas J. IveySkadden, Arps, Slate, Meagher & Flom LLP	39	85%	7	3.0	2.32	0.801	1.55	0.00	1.95
7	Stacy J. KanterSkadden, Arps, Slate, Meagher & Flom LLP	73	75%	11	5.9	1.85	0.838	1.60	0.31	0.58
8	Matthew J. MallowSkadden, Arps, Slate, Meagher & Flom LLP	11	100%	5	2.0	2.52	0.838	1.64	3.69	1.76
9	MARGARET L. WOLFFSkadden, Arps, Slate, Meagher & Flom LLP	13	85%	4	1.3	2.99	0.850	2.39	0.00	0.00
10	Eric L. CochranSkadden, Arps, Slate, Meagher & Flom LLP	10	80%	3	0.6	4.89	0.850	2.50	0.00	3.90
11	Roger S. AaronSkadden, Arps, Slate, Meagher & Flom LLP	7	100%	3	0.8	4.01	0.854	3.46	0.00	0.97
12	VINCENT J. PISANOSkadden, Arps, Slate, Meagher & Flom LLP	35	94%	8	4.2	1.89	0.868	1.35	0.90	1.34
13	Peter Allan AtkinsSkadden, Arps, Slate, Meagher & Flom LLP	16	81%	4	1.5	2.70	0.906	1.47	0.00	0.74
14	Charles W. Mulaney Jr.Skadden, Arps, Slate, Meagher & Flom LLP	34	74%	7	3.8	1.85	0.912	1.08	0.00	0.27
15	Paul T. SchnellSkadden, Arps, Slate, Meagher & Flom LLP	37	76%	6	3.0	2.00	0.924	2.07	0.00	0.22
16	ROD A. GUERRASkadden, Arps, Slate, Meagher & Flom LLP	7	43%	3	1.0	3.06	0.967	2.71	0.00	0.00
17	Eric J. FriedmanSkadden, Arps, Slate, Meagher & Flom LLP	15	73%	5	2.5	2.01	0.999	1.34	0.00	1.25
18	Z. Julie GaoSkadden, Arps, Slate, Meagher & Flom LLP	124	96%	2	7.3	0.27	1.000	1.00	0.00	0.99
19	Richard B. AftanasSkadden, Arps, Slate, Meagher & Flom LLP	91	79%	5	6.5	0.77	1.000	0.94	0.00	0.86
20	David J. GoldschmidtSkadden, Arps, Slate, Meagher & Flom LLP	74	100%	6	5.9	1.01	1.000	1.03	0.59	1.27
21	P. Michelle GasawaySkadden, Arps, Slate, Meagher & Flom LLP	70	79%	5	3.0	1.65	1.000	1.01	0.00	0.83
22	Ryan J. DzierniejkoSkadden, Arps, Slate, Meagher & Flom LLP	69	94%	2	1.9	1.04	1.000	0.62	0.00	0.84
23	Gregory A. FernicolaSkadden, Arps, Slate, Meagher & Flom LLP	67	87%	8	6.2	1.29	1.000	1.07	0.40	0.94
24	Joseph A. CocoSkadden, Arps, Slate, Meagher & Flom LLP	63	92%	10	4.8	2.08	1.000	1.95	0.46	1.17
25	Michael J. ZeidelSkadden, Arps, Slate, Meagher & Flom LLP	63	81%	4	3.5	1.15	1.000	0.96	0.00	1.12
26	Jonathan L. FriedmanSkadden, Arps, Slate, Meagher & Flom LLP	57	98%	5	3.6	1.37	1.000	1.08	0.00	0.54
27	Michael J. MiesSkadden, Arps, Slate, Meagher & Flom LLP	57	77%	5	2.4	2.10	1.000	1.99	0.00	1.35
28	Howard L. EllinSkadden, Arps, Slate, Meagher & Flom LLP	54	83%	4	2.9	1.39	1.000	1.71	0.00	1.04
29	Brian V. BrehenySkadden, Arps, Slate, Meagher & Flom LLP	50	86%	4	2.2	1.84	1.000	1.78	0.00	0.60
30	Phyllis G. KorffSkadden, Arps, Slate, Meagher & Flom LLP	50	100%	8	5.1	1.57	1.000	1.53	0.58	1.13
31	Richard J. GrossmanSkadden, Arps, Slate, Meagher & Flom LLP	48	81%	2	3.3	0.61	1.000	0.33	0.00	0.95
32	Graham RobinsonSkadden, Arps, Slate, Meagher & Flom LLP	42	95%	2	2.3	0.87	1.000	0.70	0.00	0.68
33	Robert B. PincusSkadden, Arps, Slate, Meagher & Flom LLP	36	75%	4	3.2	1.26	1.000	1.68	0.00	1.02
34	Stephen F. ArcanoSkadden, Arps, Slate, Meagher & Flom LLP	35	80%	3	2.1	1.42	1.000	1.14	0.00	0.51
35	Dwight S. YooSkadden, Arps, Slate, Meagher & Flom LLP	34	88%	4	1.6	2.48	1.000	1.23	1.89	0.82
36	Lou R. KlingSkadden, Arps, Slate, Meagher & Flom LLP	32	53%	5	2.9	1.70	1.000	1.64	0.00	0.31
37	Brian J. McCarthySkadden, Arps, Slate, Meagher & Flom LLP	30	70%	4	2.7	1.49	1.000	1.36	0.00	0.74
38	Gregory C. SmithSkadden, Arps, Slate, Meagher & Flom LLP	28	96%	2	2.4	0.85	1.000	0.52	0.60	1.04
39	Christopher W. MorganSkadden, Arps, Slate, Meagher & Flom LLP	26	92%	2	2.2	0.92	1.000	1.34	0.00	1.38
40	Thomas W. GreenbergSkadden, Arps, Slate, Meagher & Flom LLP	26	100%	1	2.2	0.46	1.000	1.09	0.00	0.29
41	Laura KaufmannSkadden, Arps, Slate, Meagher & Flom LLP	25	36%	1	1.3	0.78	1.000	1.78	0.00	1.10
42	Michael P. RoganSkadden, Arps, Slate, Meagher & Flom LLP	24	83%	4	2.8	1.45	1.000	0.86	0.00	0.34
43	Jeffrey H. CohenSkadden, Arps, Slate, Meagher & Flom LLP	22	64%	2	2.0	1.00	1.000	1.47	0.93	0.78
44	Michael V. GisserSkadden, Arps, Slate, Meagher & Flom LLP	22	68%	1	1.5	0.67	1.000	0.36	0.00	0.00
45	Robert M. ChilstromSkadden, Arps, Slate, Meagher & Flom LLP	22	91%	2	2.0	1.02	1.000	1.56	0.00	0.87
46	Thomas H. KennedySkadden, Arps, Slate, Meagher & Flom LLP	22	77%	2	2.0	1.01	1.000	0.94	0.00	0.39
47	Brian W. DuweSkadden, Arps, Slate, Meagher & Flom LLP	21	57%	3	2.1	1.45	1.000	0.86	0.00	0.49
48	Margaret A. BrownSkadden, Arps, Slate, Meagher & Flom LLP	21	100%	4	2.0	2.04	1.000	1.37	0.00	0.47
49	Casey T. FleckSkadden, Arps, Slate, Meagher & Flom LLP	20	65%	2	1.4	1.38	1.000	1.85	0.00	0.45
50	Peter C. KruppSkadden, Arps, Slate, Meagher & Flom LLP	20	75%	1	2.2	0.46	1.000	0.58	0.00	0.47

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
NEW RITE AID, LLCRAD (last ticker on record)	Jul 1995	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
View, Inc.VIEW (last ticker on record)	Dec 2020	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Energy XXI LtdEXXIQ (last ticker on record)	Apr 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	Text search only	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
SURGALIGN HOLDINGS, INC.SRGA (last ticker on record)	Jun 2020	Text search only	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
United Airlines Holdings, Inc.UAL (last ticker on record)	Jun 1994	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
CALPINE CORPCPN (last ticker on record)	Mar 2001	Named in SEC correspondence	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 a filing	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
DELPHI CORPDPH (last ticker on record)	Mar 2007	Named in a filing	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring
Endo International plcENDP (last ticker on record)	Dec 2013	Named in a filing	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
GenOn Energy, Inc.GEN (last ticker on record)	Nov 2002	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Bankruptcy 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)
REVLON INCREVRQ (last ticker on record)	May 1996	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
SUNPOWER CORPSPWR (last ticker on record)	Aug 2005	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Trinity Place Holdings Inc.TPHS (last ticker on record)	Oct 1997	Named in a filing	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Vantage Drilling COVTG (last ticker on record)	May 2008	Text search only	SEC/DOJ scrutiny Bankruptcy Restructuring Delisting notice (not a red flag)
WeWork Inc.WE (last ticker on record)	Jun 2020	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
AMERICAN APPAREL, INCAPP (last ticker on record)	Apr 2008	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Canoo Inc.GOEV (last ticker on record)	Sep 2018	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Delisting notice (not a red flag)
CENTRAL EUROPEAN DISTRIBUTION CORPCEDC (last ticker on record)	Apr 2012	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Frontier Communications Parent, Inc.FYBR (last ticker on record)	Dec 1995	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
HAYES LEMMERZ INTERNATIONAL INCHAYZ (last ticker on record)	Jul 2003	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
HERCULES OFFSHORE, INC.HERO (last ticker on record)	Jun 2007	Text search only	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Keenova Therapeutics plcMNKTQ (last ticker on record)	Feb 2013	Text search only	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
NORTEL NETWORKS CORPNT (last ticker on record)	Nov 2001	Text search only	SEC/DOJ scrutiny Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Old QVC Group, Inc.QVCGP (last ticker on record)	Jan 2009	Named in a filing	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Spectrum Brands, Inc.SPB (last ticker on record)	Dec 1996	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
TALOS PETROLEUM LLCSGY (last ticker on record)	Jun 2008	Text search only	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Centric Brands Inc.CTRC (last ticker on record)	Nov 2015	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
CENTRUS ENERGY CORPLEU (last ticker on record)	Jun 1998	Named in a filing	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Cobalt International Energy, Inc.CIE (last ticker on record)	Sep 2009	Text search only	SEC/DOJ scrutiny Bankruptcy Restructuring Delisting notice (not a red flag)
DORAL FINANCIAL CORPDRL (last ticker on record)	Jun 2010	Text search only	SEC/DOJ scrutiny Bankruptcy Restructuring Delisting notice (not a red flag)
EVERGREEN ENERGY INCEEE (last ticker on record)	May 2002	Named in a filing	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
EXIDE TECHNOLOGIESXIDEQ (last ticker on record)	Dec 2000	Named in a filing	SEC/DOJ scrutiny Bankruptcy Restructuring Delisting notice (not a red flag)
Fusion Connect, Inc.FSNN (last ticker on record)	Dec 2004	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
GUE Liquidation Companies, Inc.FTD (last ticker on record)	Jul 2013	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
JACKSON HEWITT TAX SERVICE INCJTX (last ticker on record)	Mar 2004	Named in a filing	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
LANXESS Solutions US Inc.CHMT (last ticker on record)	Oct 2004	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Legacy EJY, Inc.ENJY (last ticker on record)	May 2021	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
MF Global Holdings Ltd.MFGLQ (last ticker on record)	May 2007	Text search only	SEC/DOJ scrutiny Bankruptcy Restructuring Delisting notice (not a red flag)
PACIFIC GAS & ELECTRIC CoPCG (last ticker on record)	Jan 2017	Text search only	SEC/DOJ scrutiny Bankruptcy Restructuring
STAGE STORES INCSSI (last ticker on record)	Oct 2001	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Virgin Orbit Holdings, Inc.VORB (last ticker on record)	Feb 2021	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
XERIUM TECHNOLOGIES INCXRM (last ticker on record)	Apr 2004	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
2U, LLCTWOU (last ticker on record)	Sep 2015	Named in SEC correspondence	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Alta Mesa Resources, Inc. /DEAMR (last ticker on record)	Sep 2017	Text search only	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
AMCORE FINANCIAL INCAMFI (last ticker on record)	Sep 2004	Named in a filing	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
ANTHRACITE CAPITAL INCAHR (last ticker on record)	Nov 1997	Named in a filing	Bankruptcy Restructuring Delisting notice (not a red flag) Went dark (not a red flag)
Armstrong Flooring, Inc.AFI (last ticker on record)	Oct 2015	Named in SEC correspondence	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Ascent Capital Group, Inc.ASCMA (last ticker on record)	Jun 2008	Text search only	95% wipeout 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