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
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)
AVIS BUDGET GROUP, INC.CAR (last ticker on record)	Aug 1997	Named in a filing	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
EL PASO LLCEP (last ticker on record)	Feb 2000	Named in a filing	SEC/DOJ scrutiny 95% wipeout Restatement 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)
ODP CorpODP (last ticker on record)	Sep 2003	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement 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)
MAGNACHIP SEMICONDUCTOR CorpMX (last ticker on record)	Mar 2010	Text search only	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
McAfee, Inc.MFE (last ticker on record)	Mar 2002	Text search only	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
MONSTER WORLDWIDE, INC.MWW (last ticker on record)	Oct 2001	Text search only	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
NAVISTAR INTERNATIONAL CORPNAV (last ticker on record)	Feb 2006	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)
PER SE TECHNOLOGIES INCPSTI (last ticker on record)	Mar 1998	Named in a filing	SEC/DOJ scrutiny 95% wipeout Restatement 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)
QUADRAMED CORPQDHC (last ticker on record)	May 2002	Named in a filing	SEC/DOJ scrutiny Restatement 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)
Steel Connect LLCSTCN (last ticker on record)	Nov 1999	Named in SEC correspondence	SEC/DOJ scrutiny Restatement 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)
SYCAMORE NETWORKS INCSCMR (last ticker on record)	Feb 2000	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
TENET HEALTHCARE CORPTHC (last ticker on record)	Dec 1994	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring
THESTREET, INC.TST (last ticker on record)	Feb 1999	Named in a filing	SEC/DOJ scrutiny Restatement 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)
VERINT SYSTEMS INCVRNT (last ticker on record)	Mar 2002	Text search only	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
WARNACO GROUP INCWRC (last ticker on record)	Sep 1994	Named in SEC correspondence	SEC/DOJ scrutiny Restatement 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)
WM TECHNOLOGY, INC.MAPS (last ticker on record)	Jun 2019	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
XEROX CORPXRX (last ticker on record)	Mar 1997	Named in a filing	SEC/DOJ scrutiny 95% wipeout 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)
Bausch Health Companies Inc.BHC (last ticker on record)	Jul 2010	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring
BAXTER INTERNATIONAL INCBAX (last ticker on record)	Feb 1997	Named in a filing	SEC/DOJ scrutiny Restatement 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)
CARDINAL HEALTH INCCAH (last ticker on record)	Oct 2002	Named in a filing	SEC/DOJ scrutiny Restatement Restructuring
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)
CIRCOR INTERNATIONAL INCCIR (last ticker on record)	Jun 2019	Text search only	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
Citi Investor Services, Inc.BSG (last ticker on record)	Jun 2001	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
CITIGROUP INCC (last ticker on record)	Oct 1995	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restructuring
CLOVER HEALTH INVESTMENTS, CORP. /DECLOV (last ticker on record)	Jan 2020	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
COMPASS MINERALS INTERNATIONAL INCCMP (last ticker on record)	Apr 2003	Text search only	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
Con-way Inc.CNW (last ticker on record)	Jun 2004	Named in a filing	SEC/DOJ scrutiny Restructuring Delisting notice (not a red flag)
CTI BIOPHARMA CORPCTIC (last ticker on record)	Jul 2003	Named in a filing	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Dave Inc./DEDAVE (last ticker on record)	Aug 2021	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Delisting notice (not a red flag)
DENTSPLY SIRONA Inc.XRAY (last ticker on record)	Aug 2011	Named in SEC correspondence	SEC/DOJ scrutiny 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