White & Case

Linked to 907 companies since Feb 1994. A filing names it for 51% 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.

49 of these companies later showed signs of SEC or DOJ scrutiny and had another red flag. Comparable companies would show 49.7, so that is 0.99× what you would expect.

SEC or DOJ scrutiny and another red flag: 0.99×; 49 companies, 49.7 expected, q 1.000
SEC or DOJ scrutiny: 1.04×; 88 companies, 84.9 expected, q 1.000
Stopped filing, and the SEC acted: 0.33×; 8 companies, 24.6 expected, q 1.000
Shares fell 95% from their high: 0.91×; 114 companies, 125.0 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	49	49.7	0.99	1.000
SEC or DOJ scrutiny	88	84.9	1.04	1.000
Stopped filing, and the SEC acted	8	24.6	0.33	1.000
Shares fell 95% from their high	114	125.0	0.91	1.000
Two or more different red flags	125	128.4	0.97	1.000
Said its accounts could not be relied on	162	155.4	1.04	1.000
Bankruptcy or receivership	41	34.5	1.19	0.664
Restructuring or accelerated debt	129	143.1	0.90	1.000
Delisting notice	287	298.9	0.96	1.000
SEC accounting enforcement release	12	18.3	0.66	1.000
An SEC release or DOJ statement names it, an officer or its stock	35	42.5	0.82	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	Maureen BrundageWhite & Case	12	100%	4	1.4	2.94	0.850	2.33	0.00	0.00
2	Raymond BogenriefWhite & Case	6	83%	2	0.2	9.73	0.956	7.72	0.00	0.93
3	Joel L. RubinsteinWhite & Case	195	91%	9	9.2	0.98	1.000	0.74	0.55	1.03
4	Elliott M. SmithWhite & Case	107	93%	6	4.1	1.45	1.000	1.26	0.51	1.11
5	Colin J. DiamondWhite & Case	83	84%	5	4.6	1.08	1.000	0.61	0.00	0.82
6	Daniel E. NussenWhite & Case	63	94%	4	3.0	1.32	1.000	1.12	0.00	1.06
7	Jonathan P. RochwargerWhite & Case	31	90%	2	2.4	0.85	1.000	0.71	0.00	0.75
8	John M. ReissWhite & Case	19	63%	3	1.6	1.85	1.000	0.96	0.00	0.49
9	Elliot M. SmithWhite & Case	18	28%	1	0.8	1.30	1.000	1.12	0.00	1.50
10	Kevin KeoghWhite & Case	17	82%	3	2.5	1.20	1.000	1.06	0.00	1.47
11	Laura Katherine MannWhite & Case	17	100%	1	0.6	1.71	1.000	0.95	0.00	1.40
12	Maia R. GezWhite & Case	17	94%	1	0.7	1.43	1.000	1.88	0.00	1.65
13	Michelle B. RuttaWhite & Case	17	82%	1	1.0	1.01	1.000	1.91	0.00	0.00
14	Mark L. MandelWhite & Case	16	94%	1	1.2	0.86	1.000	0.51	0.00	1.50
15	Scott LeviWhite & Case	13	100%	1	0.3	3.30	1.000	1.52	0.00	2.44
16	Matthew KautzWhite & Case	12	67%	1	0.8	1.29	1.000	1.11	0.00	0.56
17	JORGE L. FREELANDWhite & Case	11	91%	1	0.7	1.43	1.000	0.84	1.35	2.30
18	Oliver C. BrahmstWhite & Case	11	27%	1	0.8	1.23	1.000	0.55	0.00	2.03
19	Laura SizemoreWhite & Case	10	100%	1	0.6	1.64	1.000	0.82	0.00	0.00
20	Robert ChungWhite & Case	7	71%	1	0.3	3.07	1.000	1.28	0.00	0.00
21	Neil W. RustWhite & Case	5	60%	1	0.6	1.67	1.000	1.12	0.00	0.00
22	Jessica Y. ChenWhite & Case	26	81%	0	0.9	0.00	—	0.00	0.00	0.54
23	Joel L. RubensteinWhite & Case	19	47%	0	0.9	0.00	—	0.00	0.00	0.54
24	David JohansenWhite & Case	18	94%	0	1.2	0.00	—	0.38	0.00	1.04
25	Gregory PryorWhite & Case	17	65%	0	1.1	0.00	—	1.59	0.00	0.92
26	Gary KasharWhite & Case	16	69%	0	0.8	0.00	—	0.58	0.00	0.68
27	Donald BakerWhite & Case	15	93%	0	0.9	0.00	—	1.67	0.00	0.00
28	John R. VetterliWhite & Case	15	100%	0	0.6	0.00	—	1.45	0.00	0.00
29	Bryan J. LuchsWhite & Case	12	75%	0	0.9	0.00	—	0.00	0.00	0.86
30	Andrew WeisbergWhite & Case	11	73%	0	0.3	0.00	—	0.00	0.00	0.00
31	Timothy B. GoodellWhite & Case	11	100%	0	0.8	0.00	—	0.00	1.59	0.81
32	Jessica ZhouWhite & Case	10	90%	0	<0.1	0.00	—	0.00	0.00	2.57
33	John GuzmanWhite & Case	10	80%	0	0.3	0.00	—	0.00	0.00	0.00
34	Mark O. BagnallWhite & Case	10	90%	0	0.5	0.00	—	3.06	0.00	0.00
35	Erica HoganWhite & Case	9	100%	0	0.2	0.00	—	1.56	0.00	0.00
36	Russell DeutschWhite & Case	9	89%	0	0.5	0.00	—	1.85	0.00	0.72
37	Taryn ZuckerWhite & Case	8	88%	0	0.4	0.00	—	0.00	0.00	0.64
38	Daniel NamWhite & Case	7	86%	0	0.2	0.00	—	0.00	0.00	0.00
39	Karen KatriWhite & Case	7	86%	0	0.1	0.00	—	5.02	0.00	0.00
40	William F. Wynne Jr.White & Case	7	71%	0	0.3	0.00	—	1.48	0.00	0.00
41	Dov GottliebWhite & Case	6	100%	0	0.4	0.00	—	1.00	0.00	1.80
42	Melinda AndersonWhite & Case	6	50%	0	0.3	0.00	—	0.00	0.00	3.29
43	Patti J. MarksWhite & Case	6	100%	0	0.4	0.00	—	0.00	0.00	0.00
44	James HuWhite & Case	5	100%	0	0.2	0.00	—	0.00	0.00	0.92
45	Jonathan E. KahnWhite & Case	5	100%	0	0.7	0.00	—	0.00	4.64	2.06
46	Jonathan MichelsWhite & Case	5	80%	0	0.2	0.00	—	0.00	0.00	3.43
47	Joseph ChungWhite & Case	5	100%	0	0.2	0.00	—	0.00	—	0.55
48	Oliver WrightWhite & Case	5	80%	0	0.2	0.00	—	0.00	0.00	1.44
49	Victor MendozaWhite & Case	5	80%	0	0.1	0.00	—	3.90	0.00	0.00

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
Orbital Infrastructure Group, Inc.OIG (last ticker on record)	Oct 2001	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Cano Health, Inc.CANOQ (last ticker on record)	Apr 2021	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
MAGNACHIP SEMICONDUCTOR CorpMX (last ticker on record)	Jun 2005	Named in a filing	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
Near Intelligence, Inc.NIR (last ticker on record)	Oct 2020	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Bakkt, Inc.BKKT (last ticker on record)	Aug 2020	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Dave Inc./DEDAVE (last ticker on record)	Jan 2021	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Delisting notice (not a red flag)
NOS4-1, Inc.WLMS (last ticker on record)	Mar 2001	Named in a filing	SEC/DOJ scrutiny Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Ouster, Inc.OUST (last ticker on record)	Jul 2020	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Sports Entertainment Gaming Global CorpLTRY (last ticker on record)	Jul 2021	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Delisting notice (not a red flag)
SUPERIOR BANCORPSUPR (last ticker on record)	Sep 2001	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag) Went dark (not a red flag)
Aphton CORPAPHT (last ticker on record)	Jul 1997	Named in a filing	95% wipeout Restatement Bankruptcy Delisting notice (not a red flag) Went dark (not a red flag)
CareMax, Inc.CMAX (last ticker on record)	Jun 2020	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
CIRRUS LOGIC, INC.CRUS (last ticker on record)	Jun 2001	Named in a filing	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
DAYTON SUPERIOR CORPDSUP (last ticker on record)	Jul 2003	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Electric Last Mile Solutions, Inc.ELMS (last ticker on record)	Jul 2020	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Euronav MI II Inc.GNRT (last ticker on record)	Oct 2008	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Evolv Technologies Holdings, Inc.EVLV (last ticker on record)	Apr 2021	Text search only	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
GENCO SHIPPING & TRADING LTDGNK (last ticker on record)	Jun 2005	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Global Gas CorpHGAS (last ticker on record)	Jul 2020	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Delisting notice (not a red flag)
LANXESS Solutions US Inc.CHMT (last ticker on record)	Oct 2004	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
MASTEC INCMTZ (last ticker on record)	Sep 1994	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
MONEYLION INC.ML (last ticker on record)	Jun 2020	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Delisting notice (not a red flag)
Proterra IncPTRAQ (last ticker on record)	Aug 2020	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Real Good Food Company, Inc.RGF (last ticker on record)	Sep 2023	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Delisting notice (not a red flag)
Tattooed Chef, Inc.TTCF (last ticker on record)	Aug 2020	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Virtu KCG Holdings LLCKCG (last ticker on record)	Feb 2013	Text search only	SEC/DOJ scrutiny Restatement Restructuring Delisting notice (not a red flag)
Adagio Medical Holdings, Inc.ADGM (last ticker on record)	Feb 2024	Text search only	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Better Home & Finance Holding CoBETR (last ticker on record)	Dec 2020	Text search only	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
Boxlight CorpBOXL (last ticker on record)	Nov 2014	Text search only	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
CPI CORPCPIC (last ticker on record)	Jul 1999	Named in a filing	Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
EMCORE CORPEMKR (last ticker on record)	Dec 1996	Named in a filing	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
FAIRPOINT COMMUNICATIONS INCFRP (last ticker on record)	Jan 2005	Text search only	Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
FaZe Holdings Inc.FAZE (last ticker on record)	Jan 2021	Named in SEC correspondence	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
GeneDx Holdings Corp.WGS (last ticker on record)	Jul 2020	Named in SEC correspondence	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Getaround, IncGETR (last ticker on record)	Jan 2021	Named in SEC correspondence	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
HAYES LEMMERZ INTERNATIONAL INCHAYZ (last ticker on record)	May 2007	Text search only	Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Heliogen, Inc.HLGN (last ticker on record)	Jan 2021	Named in SEC correspondence	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
INNODATA INCINOD (last ticker on record)	Jan 2005	Text search only	SEC/DOJ scrutiny Restatement Restructuring
MARKETWISE, INC.MKTW (last ticker on record)	Jul 2020	Named in SEC correspondence	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
MERRILL LYNCH & CO., INC.MER (last ticker on record)	May 2007	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
Northrop Grumman Innovation Systems, Inc.OA (last ticker on record)	Oct 2014	Text search only	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
Nuburu, Inc.BURU (last ticker on record)	Jun 2020	Named in SEC correspondence	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
ORMAT TECHNOLOGIES, INC.ORA (last ticker on record)	Jul 2004	Named in SEC correspondence	SEC/DOJ scrutiny Restatement Delisting notice (not a red flag)
PRIMEDIA INCPRM (last ticker on record)	Aug 2001	Text search only	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
REMARK HOLDINGS, INC.MARK (last ticker on record)	Mar 2007	Text search only	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
AEON Biopharma, Inc.AEON (last ticker on record)	Dec 2020	Named in a filing	95% wipeout Restatement Delisting notice (not a red flag)
Aeva Technologies, Inc.AEVA (last ticker on record)	Oct 2019	Text search only	95% wipeout Restatement Delisting notice (not a red flag)
African Agriculture Holdings Inc.AAGR (last ticker on record)	Mar 2021	Named in SEC correspondence	95% wipeout Restatement Delisting notice (not a red flag)
Belmond Ltd.BEL (last ticker on record)	Nov 2003	Text search only	95% wipeout Restatement Delisting notice (not a red flag)
CORPORATE PROPERTY ASSOCIATES 15 INC	Oct 2002	Text search only	SEC/DOJ scrutiny Restatement

At a glance

Every outcome

Lawyers at this firm

Linked companies

At a glance

Every outcome

Lawyers at this firm

Linked companies