Sorrento Therapeutics Inc. shareholders can’t pursue a lawsuit accusing the company’s CEO, bankruptcy counsel Jackson Walker LLP, and other restructuring professionals of fabricating a bogus bankruptcy connection to Texas.
Thirteen Sorrento equity holders lack standing to bring their lawsuit alleging a “sham” bankruptcy in Houston in 2023, Judge Alfredo Perez said in a Monday opinion in the US Bankruptcy Court for the Southern District of Texas.
The allegations tie to a longstanding scandal surrounding former Houston bankruptcy judge David R. Jones’ romance with onetime Jackson Walker partner Elizabeth Freeman.
Perez granted motions to enforce a “gatekeeping provision” of Sorrento’s Chapter ...
Learn more about Bloomberg Law or Log In to keep reading:
See Breaking News in Context
Bloomberg Law provides trusted coverage of current events enhanced with legal analysis.
Already a subscriber?
Log in to keep reading or access research tools and resources.