Sorrento Shareholders Want Attorneys’ Fees Held During Appeal

Sorrento Therapeutics Inc. shareholders urged a court to hold off on approving millions of dollars in fees the drug developer’s attorneys charged while an appeal related to the judge who previously oversaw its bankruptcy is pending.

A committee of equity holders lost a bid in December to look into communications and documents that allegedly showed a conflict of interest between former Jackson Walker LLP attorney Elizabeth Freeman, former US Bankruptcy Court for the Southern District of Texas Judge David R. Jones, and other Sorrento advisers.

Until a decision is made regarding the appeal, “no compensation should be payable to any ...