WILMER, CUTLER & PICKERING

Linked to 662 companies since Apr 1994. A filing names it for 52% 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.

71 of these companies later showed signs of SEC or DOJ scrutiny and had another red flag. Comparable companies would show 53.8, so that is 1.32× what you would expect.

SEC or DOJ scrutiny and another red flag: 1.32×; 71 companies, 53.8 expected, q 0.298
SEC or DOJ scrutiny: 1.14×; 96 companies, 84.2 expected, q 1.000
Stopped filing, and the SEC acted: 0.33×; 8 companies, 24.0 expected, q 1.000
Shares fell 95% from their high: 1.23×; 161 companies, 130.9 expected, q 0.193

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	71	53.8	1.32	0.298
SEC or DOJ scrutiny	96	84.2	1.14	1.000
Stopped filing, and the SEC acted	8	24.0	0.33	1.000
Shares fell 95% from their high	161	130.9	1.23	0.193
Two or more different red flags	195	134.0	1.46	<0.001
Said its accounts could not be relied on	80	93.5	0.86	1.000
Bankruptcy or receivership	47	30.1	1.56	0.072
Restructuring or accelerated debt	275	159.0	1.73	<0.001
Delisting notice	343	231.7	1.48	<0.001
SEC accounting enforcement release	16	19.0	0.84	1.000
An SEC release or DOJ statement names it, an officer or its stock	47	43.7	1.08	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	Mark G. BordenWILMER, CUTLER & PICKERING	66	91%	10	6.0	1.66	0.926	1.51	0.43	1.52
2	David E. RedlickWILMER, CUTLER & PICKERING	51	92%	9	6.0	1.51	1.000	1.23	0.33	0.95
3	Jason L. KroppWILMER, CUTLER & PICKERING	46	33%	3	2.7	1.12	1.000	1.25	0.00	1.36
4	Erika L. RobinsonWILMER, CUTLER & PICKERING	42	88%	7	4.4	1.59	1.000	1.28	0.00	1.15
5	Steven D. SingerWILMER, CUTLER & PICKERING	42	100%	2	4.2	0.48	1.000	0.36	0.00	1.27
6	Hal J. LeibowitzWILMER, CUTLER & PICKERING	39	85%	3	3.1	0.98	1.000	0.58	0.00	0.77
7	Meredith B. CrossWILMER, CUTLER & PICKERING	33	88%	6	4.6	1.31	1.000	0.94	0.00	2.37
8	Stuart M. FalberWILMER, CUTLER & PICKERING	32	88%	3	2.2	1.34	1.000	1.04	0.00	1.24
9	David A. WestenbergWILMER, CUTLER & PICKERING	31	97%	3	2.2	1.37	1.000	1.04	0.00	1.10
10	Brian A. JohnsonWILMER, CUTLER & PICKERING	27	93%	5	2.8	1.80	1.000	1.42	0.00	1.15
11	Jay E. BothwickWILMER, CUTLER & PICKERING	27	70%	4	1.8	2.18	1.000	1.57	0.00	0.54
12	Rosemary G. ReillyWILMER, CUTLER & PICKERING	24	88%	3	1.9	1.57	1.000	1.00	0.00	1.30
13	Cynthia T. MazareasWILMER, CUTLER & PICKERING	21	100%	1	1.6	0.61	1.000	0.49	0.00	1.11
14	James R. BurkeWILMER, CUTLER & PICKERING	20	95%	2	1.8	1.09	1.000	1.00	0.00	0.80
15	Craig HiltsWILMER, CUTLER & PICKERING	19	95%	1	0.6	1.74	1.000	1.84	0.00	0.92
16	Lisa FirenzeWILMER, CUTLER & PICKERING	19	58%	1	0.8	1.32	1.000	0.93	0.00	0.91
17	Jonathan WolfmanWILMER, CUTLER & PICKERING	18	100%	3	1.2	2.48	1.000	2.11	0.00	0.51
18	Joseph B. ConahanWILMER, CUTLER & PICKERING	15	100%	1	0.6	1.78	1.000	0.67	0.00	0.80
19	GEORGE P. STAMASWILMER, CUTLER & PICKERING	12	100%	1	1.0	0.98	1.000	0.59	0.00	2.11
20	John B. WatkinsWILMER, CUTLER & PICKERING	12	92%	3	1.1	2.85	1.000	1.83	0.00	2.47
21	Molly W. FoxWILMER, CUTLER & PICKERING	12	100%	1	0.3	3.39	1.000	0.96	0.00	2.17
22	Thomas W. WhiteWILMER, CUTLER & PICKERING	11	91%	1	0.7	1.44	1.000	0.85	1.73	3.44
23	Glenn J. LuinenburgWILMER, CUTLER & PICKERING	9	100%	2	0.9	2.20	1.000	2.23	0.00	1.35
24	R. Scott KilgoreWILMER, CUTLER & PICKERING	8	100%	2	0.7	2.82	1.000	1.69	0.00	3.75
25	Robert A. SchwedWILMER, CUTLER & PICKERING	8	100%	2	0.9	2.32	1.000	3.14	0.00	1.74
26	Roger J. PattersonWILMER, CUTLER & PICKERING	7	100%	1	0.9	1.16	1.000	0.68	0.00	4.78
27	Joseph K. WyattWILMER, CUTLER & PICKERING	6	83%	3	1.1	2.87	1.000	2.50	0.00	4.01
28	Wendell C. TaylorWILMER, CUTLER & PICKERING	5	100%	1	0.3	3.61	1.000	2.02	0.00	0.00
29	Lillian BrownWILMER, CUTLER & PICKERING	14	93%	0	0.6	0.00	—	0.62	0.00	0.64
30	Christopher D. Barnstable-BrownWILMER, CUTLER & PICKERING	13	85%	0	0.5	0.00	—	1.35	0.00	1.13
31	Michael J. LaCasciaWILMER, CUTLER & PICKERING	13	100%	0	1.6	0.00	—	0.42	0.00	1.20
32	JOHN B. FRISCH UIREWILMER, CUTLER & PICKERING	11	100%	0	0.8	0.00	—	0.00	1.66	0.83
33	Caroline DotoloWILMER, CUTLER & PICKERING	10	80%	0	0.3	0.00	—	0.00	0.00	0.51
34	Scott N. LuninWILMER, CUTLER & PICKERING	10	100%	0	0.3	0.00	—	0.00	0.00	0.00
35	Justin L. OchsWILMER, CUTLER & PICKERING	8	100%	0	0.9	0.00	—	0.00	0.00	0.00
36	Andrew BonnesWILMER, CUTLER & PICKERING	6	83%	0	0.3	0.00	—	0.00	0.00	0.80
37	RICHARD W. CASSWILMER, CUTLER & PICKERING	6	100%	0	0.6	0.00	—	0.00	0.00	0.00
38	Andrea SorrentinoWILMER, CUTLER & PICKERING	5	100%	0	0.2	0.00	—	0.00	0.00	0.60
39	Eric P. HansonWILMER, CUTLER & PICKERING	5	80%	0	0.1	0.00	—	0.00	0.00	1.02
40	Mark NylenWILMER, CUTLER & PICKERING	5	100%	0	0.2	0.00	—	0.00	0.00	0.00
41	Stephanie L. LeopoldWILMER, CUTLER & PICKERING	5	100%	0	0.1	0.00	—	0.00	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
KEY ENERGY SERVICES INCKEGX (last ticker on record)	Sep 2007	Named in a filing	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
PLUG POWER INCPLUG (last ticker on record)	Jun 2001	Text search only	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
ASTROPOWER INCAPWR (last ticker on record)	Mar 2001	Text search only	SEC/DOJ scrutiny 95% wipeout Bankruptcy Went dark (not a red flag)
Avaya Holdings Corp.AVYA (last ticker on record)	Dec 2017	Text search only	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Emergent BioSolutions Inc.EBS (last ticker on record)	Aug 2006	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
AVEO PHARMACEUTICALS, INC.AVEO (last ticker on record)	Dec 2009	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restructuring Delisting notice (not a red flag)
Cue Health Inc.HLTH (last ticker on record)	Apr 2021	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Happen, Inc.HAPN (last ticker on record)	Jun 2008	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restructuring Delisting notice (not a red flag)
NexCen Brands, Inc.NEXC (last ticker on record)	Aug 1999	Named in a filing	SEC/DOJ scrutiny 95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Tempest Therapeutics, Inc.TPST (last ticker on record)	Apr 2012	Named in a filing	SEC/DOJ scrutiny 95% wipeout Restructuring Delisting notice (not a red flag)
WeWork Inc.WE (last ticker on record)	May 2021	Text search only	SEC/DOJ scrutiny 95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
ACADIA PHARMACEUTICALS INCACAD (last ticker on record)	May 2004	Text search only	SEC/DOJ scrutiny 95% wipeout Restructuring Delisting notice (not a red flag)
Aceragen, Inc.ACGN (last ticker on record)	Dec 2003	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restructuring Delisting notice (not a red flag)
BIOLASE, INCBIOL (last ticker on record)	Nov 2003	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
DANKA BUSINESS SYSTEMS PLCDANKY (last ticker on record)	Apr 2001	Text search only	95% wipeout Restatement Restructuring Delisting notice (not a red flag) Went dark (not a red flag)
DISTRIBUTED ENERGY SYSTEMS CORPDESC (last ticker on record)	Sep 2003	Named in a filing	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag) Went dark (not a red flag)
Euronav MI II Inc.GNRT (last ticker on record)	Aug 2008	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
INFINITY PHARMACEUTICALS, INC.INFI (last ticker on record)	May 2006	Named in SEC correspondence	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
INTERCEPT PHARMACEUTICALS, INC.ICPT (last ticker on record)	Apr 2014	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restructuring Delisting notice (not a red flag)
Sage Therapeutics, Inc.SAGE (last ticker on record)	Aug 2020	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restructuring Delisting notice (not a red flag)
SCHOOL SPECIALTY INCSCOO (last ticker on record)	Feb 1998	Named in a filing	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
WESTMORELAND COAL CoWLB (last ticker on record)	Jul 2004	Text search only	95% wipeout Restatement Bankruptcy Restructuring Delisting notice (not a red flag)
Allena Pharmaceuticals, Inc.ALNA (last ticker on record)	Aug 2017	Text search only	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
AMERICAN SUPERCONDUCTOR CORPAMSC (last ticker on record)	Aug 2003	Named in a filing	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
APPLIX INCAPLX (last ticker on record)	Jun 2001	Named in a filing	SEC/DOJ scrutiny 95% wipeout Delisting notice (not a red flag)
ARGOS THERAPEUTICS INCARGS (last ticker on record)	Jul 2011	Named in SEC correspondence	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Ascent Capital Group, Inc.ASCMA (last ticker on record)	Jul 2008	Named in SEC correspondence	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
ATHEROGENICS INCAGIX (last ticker on record)	Apr 2005	Named in a filing	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
CalciMedica, Inc.CALC (last ticker on record)	Jul 2020	Named in SEC correspondence	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Casa Systems IncCASA (last ticker on record)	Dec 2016	Named in SEC correspondence	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
CYREN Ltd.CYRN (last ticker on record)	Jun 2014	Named in a filing	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
DAVIDsTEA Inc.DTEA (last ticker on record)	Dec 2014	Text search only	95% wipeout Restatement Bankruptcy Delisting notice (not a red flag)
DENDREON CORPDNDNQ (last ticker on record)	Jul 2012	Named in a filing	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
Eledon Pharmaceuticals, Inc.ELDN (last ticker on record)	May 2014	Named in SEC correspondence	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Eloxx Pharmaceuticals, Inc.ELOX (last ticker on record)	May 2002	Text search only	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Ernexa Therapeutics Inc.ERNA (last ticker on record)	Oct 2020	Text search only	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
GLU MOBILE INCGLUU (last ticker on record)	Dec 2006	Text search only	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
GoPro, Inc.GPRO (last ticker on record)	Mar 2014	Text search only	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
IRONWOOD PHARMACEUTICALS INCIRWD (last ticker on record)	Dec 2009	Named in a filing	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Iterum Therapeutics plcITRM (last ticker on record)	Mar 2019	Named in SEC correspondence	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
IVERIC bio, Inc.ISEE (last ticker on record)	Jul 2013	Named in SEC correspondence	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Karyopharm Therapeutics Inc.KPTI (last ticker on record)	Sep 2013	Named in SEC correspondence	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
LCC INTERNATIONAL INCLCCI (last ticker on record)	Sep 2003	Text search only	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Lyra Therapeutics, Inc.LYRA (last ticker on record)	May 2021	Text search only	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Ocean Power Technologies, Inc.OPTT (last ticker on record)	Nov 2006	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Delisting notice (not a red flag)
OCULAR THERAPEUTIX, INCOCUL (last ticker on record)	Apr 2014	Named in SEC correspondence	SEC/DOJ scrutiny 95% wipeout Restructuring
PSQ Holdings, Inc.PSQH (last ticker on record)	Apr 2023	Named in SEC correspondence	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Rockley Photonics Holdings LtdRKLY (last ticker on record)	Apr 2021	Text search only	95% wipeout Bankruptcy Restructuring Delisting notice (not a red flag)
TechTarget Holdings Inc.TTGT (last ticker on record)	Feb 2007	Named in SEC correspondence	95% wipeout Restatement Restructuring Delisting notice (not a red flag)
Violin Memory IncVMEM (last ticker on record)	Jul 2013	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