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 181.8, so that is 1.23× what you would expect.

SEC or DOJ scrutiny and another red flag: 1.23×; 224 companies, 181.8 expected, q 0.178
SEC or DOJ scrutiny: 1.15×; 367 companies, 318.0 expected, q 0.780
Stopped filing, and the SEC acted: 0.19×; 17 companies, 90.5 expected, q 1.000
Shares fell 95% from their high: 0.85×; 278 companies, 325.5 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	181.8	1.23	0.178
SEC or DOJ scrutiny	367	318.0	1.15	0.780
Stopped filing, and the SEC acted	17	90.5	0.19	1.000
Shares fell 95% from their high	278	325.5	0.85	1.000
Two or more different red flags	422	391.2	1.08	1.000
Said its accounts could not be relied on	355	358.8	0.99	1.000
Bankruptcy or receivership	130	108.5	1.20	0.399
Restructuring or accelerated debt	541	484.8	1.12	0.567
Delisting notice	914	777.5	1.18	0.029
SEC accounting enforcement release	84	75.3	1.11	1.000
An SEC release or DOJ statement names it, an officer or its stock	174	166.6	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	4.61	0.379	2.25	0.00	1.45
2	Joseph M. YaffeSkadden, Arps, Slate, Meagher & Flom LLP	13	69%	4	0.7	5.49	0.621	2.75	0.00	0.92
3	Gregg A. NoelSkadden, Arps, Slate, Meagher & Flom LLP	206	83%	19	10.6	1.79	0.664	1.74	0.21	0.99
4	Sonia K. NijjarSkadden, Arps, Slate, Meagher & Flom LLP	8	88%	3	0.4	8.16	0.734	2.40	0.00	4.85
5	Thomas J. IveySkadden, Arps, Slate, Meagher & Flom LLP	39	85%	7	3.0	2.34	0.822	1.55	0.00	2.10
6	Michael J. SchwartzSkadden, Arps, Slate, Meagher & Flom LLP	34	79%	5	1.6	3.05	0.822	2.19	0.00	1.62
7	Stacy J. KanterSkadden, Arps, Slate, Meagher & Flom LLP	73	75%	11	5.9	1.86	0.850	1.60	0.31	0.62
8	MARGARET L. WOLFFSkadden, Arps, Slate, Meagher & Flom LLP	13	85%	4	1.3	3.00	0.850	2.39	0.00	0.00
9	Matthew J. MallowSkadden, Arps, Slate, Meagher & Flom LLP	11	100%	5	2.0	2.52	0.850	1.64	3.69	1.83
10	Eric L. CochranSkadden, Arps, Slate, Meagher & Flom LLP	10	80%	3	0.6	4.91	0.850	2.50	0.00	4.23
11	Roger S. AaronSkadden, Arps, Slate, Meagher & Flom LLP	7	100%	3	0.7	4.03	0.850	3.46	0.00	1.08
12	VINCENT J. PISANOSkadden, Arps, Slate, Meagher & Flom LLP	35	94%	8	4.2	1.89	0.872	1.35	0.90	1.43
13	Peter Allan AtkinsSkadden, Arps, Slate, Meagher & Flom LLP	16	81%	4	1.5	2.70	0.897	1.47	0.00	0.79
14	Charles W. Mulaney Jr.Skadden, Arps, Slate, Meagher & Flom LLP	34	74%	7	3.8	1.86	0.914	1.08	0.00	0.29
15	Paul T. SchnellSkadden, Arps, Slate, Meagher & Flom LLP	37	76%	6	3.0	2.01	0.920	2.07	0.00	0.23
16	ROD A. GUERRASkadden, Arps, Slate, Meagher & Flom LLP	7	43%	3	1.0	3.06	0.965	2.70	0.00	0.00
17	Eric J. FriedmanSkadden, Arps, Slate, Meagher & Flom LLP	15	73%	5	2.5	2.01	0.988	1.34	0.00	1.34
18	Dwight S. YooSkadden, Arps, Slate, Meagher & Flom LLP	34	88%	4	1.6	2.49	0.999	1.23	1.89	0.84
19	Z. Julie GaoSkadden, Arps, Slate, Meagher & Flom LLP	124	96%	2	7.3	0.27	1.000	1.00	0.00	1.01
20	Richard B. AftanasSkadden, Arps, Slate, Meagher & Flom LLP	91	79%	5	6.5	0.77	1.000	0.94	0.00	0.90
21	David J. GoldschmidtSkadden, Arps, Slate, Meagher & Flom LLP	74	100%	6	5.9	1.01	1.000	1.03	0.58	1.31
22	P. Michelle GasawaySkadden, Arps, Slate, Meagher & Flom LLP	70	79%	5	3.0	1.66	1.000	1.01	0.00	0.85
23	Ryan J. DzierniejkoSkadden, Arps, Slate, Meagher & Flom LLP	69	94%	2	1.9	1.04	1.000	0.62	0.00	0.86
24	Gregory A. FernicolaSkadden, Arps, Slate, Meagher & Flom LLP	67	87%	8	6.2	1.29	1.000	1.07	0.40	0.85
25	Joseph A. CocoSkadden, Arps, Slate, Meagher & Flom LLP	63	92%	10	4.8	2.09	1.000	1.95	0.46	1.24
26	Michael J. ZeidelSkadden, Arps, Slate, Meagher & Flom LLP	63	81%	4	3.5	1.15	1.000	0.96	0.00	1.15
27	Jonathan L. FriedmanSkadden, Arps, Slate, Meagher & Flom LLP	57	98%	5	3.6	1.38	1.000	1.08	0.00	0.58
28	Michael J. MiesSkadden, Arps, Slate, Meagher & Flom LLP	57	77%	5	2.4	2.12	1.000	1.98	0.00	1.36
29	Howard L. EllinSkadden, Arps, Slate, Meagher & Flom LLP	54	83%	4	2.9	1.39	1.000	1.71	0.00	1.07
30	Brian V. BrehenySkadden, Arps, Slate, Meagher & Flom LLP	50	86%	4	2.2	1.85	1.000	1.78	0.00	0.60
31	Phyllis G. KorffSkadden, Arps, Slate, Meagher & Flom LLP	50	100%	8	5.1	1.57	1.000	1.53	0.58	1.18
32	Richard J. GrossmanSkadden, Arps, Slate, Meagher & Flom LLP	48	81%	2	3.3	0.61	1.000	0.33	0.00	0.99
33	Graham RobinsonSkadden, Arps, Slate, Meagher & Flom LLP	42	95%	2	2.3	0.87	1.000	0.70	0.00	0.69
34	Robert B. PincusSkadden, Arps, Slate, Meagher & Flom LLP	36	75%	4	3.2	1.26	1.000	1.68	0.00	1.09
35	Stephen F. ArcanoSkadden, Arps, Slate, Meagher & Flom LLP	35	80%	3	2.1	1.42	1.000	1.14	0.00	0.52
36	Lou R. KlingSkadden, Arps, Slate, Meagher & Flom LLP	32	53%	5	2.9	1.70	1.000	1.64	0.00	0.33
37	Brian J. McCarthySkadden, Arps, Slate, Meagher & Flom LLP	30	70%	4	2.6	1.51	1.000	1.36	0.00	0.81
38	Gregory C. SmithSkadden, Arps, Slate, Meagher & Flom LLP	28	96%	2	2.4	0.85	1.000	0.52	0.60	1.14
39	Christopher W. MorganSkadden, Arps, Slate, Meagher & Flom LLP	26	92%	2	2.1	0.93	1.000	1.34	0.00	1.52
40	Thomas W. GreenbergSkadden, Arps, Slate, Meagher & Flom LLP	26	100%	1	2.1	0.46	1.000	1.09	0.00	0.31
41	Laura KaufmannSkadden, Arps, Slate, Meagher & Flom LLP	25	36%	1	1.3	0.78	1.000	1.78	0.00	1.11
42	Michael P. RoganSkadden, Arps, Slate, Meagher & Flom LLP	24	83%	4	2.8	1.45	1.000	0.86	0.00	0.36
43	Jeffrey H. CohenSkadden, Arps, Slate, Meagher & Flom LLP	22	64%	2	2.0	1.00	1.000	1.47	0.93	0.84
44	Michael V. GisserSkadden, Arps, Slate, Meagher & Flom LLP	22	68%	1	1.5	0.68	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	0.93
46	Thomas H. KennedySkadden, Arps, Slate, Meagher & Flom LLP	22	77%	2	2.0	1.01	1.000	0.94	0.00	0.41
47	Brian W. DuweSkadden, Arps, Slate, Meagher & Flom LLP	21	57%	3	2.1	1.46	1.000	0.86	0.00	0.53
48	Margaret A. BrownSkadden, Arps, Slate, Meagher & Flom LLP	21	100%	4	2.0	2.04	1.000	1.37	0.00	0.50
49	Casey T. FleckSkadden, Arps, Slate, Meagher & Flom LLP	20	65%	2	1.4	1.38	1.000	1.85	0.00	0.47
50	Peter C. KruppSkadden, Arps, Slate, Meagher & Flom LLP	20	75%	1	2.1	0.46	1.000	0.58	0.00	0.50

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
DANKA BUSINESS SYSTEMS PLCDANKY (last ticker on record)	Sep 2003	Named in SEC correspondence	95% wipeout Restatement Restructuring Delisting notice (not a red flag) Went dark (not a red flag)
TAYLOR CAPITAL GROUP INCTAYC (last ticker on record)	May 2002	Text search only	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag) Went dark (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)
Applied Minerals, Inc.AMNL (last ticker on record)	Dec 2009	Text search only	95% wipeout Restatement Restructuring Went dark (not a red flag)
FIRST STATE BANCORPORATIONFSNM (last ticker on record)	Jul 2002	Named in a filing	Bankruptcy Restructuring Delisting notice (not a red flag) Went dark (not a red flag)
FRONTIER INSURANCE GROUP INCFTERQ (last ticker on record)	Dec 1996	Named in a filing	95% wipeout Bankruptcy Delisting notice (not a red flag) Went dark (not a red flag)
SEMPRASRE (last ticker on record)	Feb 1997	Named in a filing	SEC/DOJ scrutiny Restructuring Went dark (not a red flag)
CROSS MEDIA MARKETING CORPXMM (last ticker on record)	Aug 2001	Text search only	95% wipeout Bankruptcy Went dark (not a red flag)
LUMENIS LTDLUME (last ticker on record)	Jun 2000	Named in SEC correspondence	SEC/DOJ scrutiny Went dark (not a red flag)
Escalera Resources Co.ESCRQ (last ticker on record)	Apr 2009	Text search only	Bankruptcy Delisting notice (not a red flag) Went dark (not a red flag)
STAN LEE MEDIA INC	Aug 2000	Named in a filing	SEC/DOJ scrutiny Went dark (not a red flag)
NEUROLOGIX INC/DENRGX (last ticker on record)	Aug 2005	Named in SEC correspondence	Bankruptcy Went dark (not a red flag)
TPC LIQUIDATION, INC.TPLQ (last ticker on record)	Jul 2002	Named in a filing	SEC/DOJ scrutiny Went dark (not a red flag)
Beverage Acquisition CORP	Aug 2006	Text search only	Went dark (not a red flag)
MOVIEFONE INCMOFN (last ticker on record)	Jul 1996	Named in SEC correspondence	Went dark (not a red flag)
North China Horticulture, Inc.IDCX (last ticker on record)	May 2008	Text search only	Went dark (not a red flag)
TOWER AIR INC	Dec 1997	Named in a filing	Went dark (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