The members of the MBC in conjunction with Reddit’s own Band of Brothers of SRNE bring forth this petition to The Honorable Judge Christopher Lopez of the United States Bankruptcy Court of the Southern District of Texas. 

We stand together with one united voice to condemn the horrendous injustice that has befallen this biotechnology company, Sorrento Therapeutics (“Sorrento”) that develops cutting edge science to create innovative therapies to improve the lives of those who suffer with cancer, intractable pain, and COVID-19.

During the course of this bankruptcy case (No. 23-90085, which can be located on STRETTO.com), Sorrento and it’s equity shareholders have suffered irreparable harm due to the reportedly unethical conduct which includes the original assigned judge (Judge David Jones) who resigned from the bench during this case. It had been revealed that he allegedly failed to disclose a romantic relationship with his prior law clerk that was also involved subsequently as a lawyer with cases that were before him, which included Sorrento.

In addition, although bankrupt, it is reported that the legal professionals assigned to represent the various parties involved in this case have submitted professional fees in excess of $65 million dollars since February, 2023, an amount that has robbed Sorrento of precious funds needed to keep the company from having to liquidate its assets and successfully emerge from these chapter 11 bankruptcy cases, as was originally anticipated.  We believe that many of the professionals involved in this case never intended to save this company, but instead have used it as a cash-cow to enrich themselves. 

While an Equity Committee was installed to represent equity shareholders, as represented by Andrew Glenn of Glenn Agre Bergman and Fuentes, it appears that none of the other parties from the debtors, creditors, etc and their hired professionals are interested in helping the Equity Committee and its counsel to save the company and its related equity shareholders’ interests.

We therefore, beg this court to suspend/freeze this case so that a full investigation of the happenings and possible misconduct of some parties can be explored and excess/unearned or ill gotten fees can be clawed back from those professionals and returned to Sorrento. It is our desire to see Sorrento move forward with these Chapter 11 cases without the appearance of impropriety that exists today so that the equity owners can have a fair shake at saving Sorrento and its potentially life-saving assets.  We want to ensure that the court system fairly serves the interests of all parties, not just to enrich the professionals that seem to be encircling Sorrento like vultures.

We hereby cause our name to be entered on this petition and implore the court to heed our call for a freeze of this case, a review of all concerns made by the Equity Committee and it’s attorney, Andrew Glenn, so that a clawback can be made of all unreasonable, excessive, or ill gotten professional fees and returned to Sorrento so that the interests of all parties may be fairly served.

Judge Lopez, we only ask for “clean hands” of all the parties and professionals that are involved in these Chapter 11 cases so that Sorrento and its equity shareholders have a fair chance of exiting Chapter 11 intact.

We respectfully thank you in advance for your kind consideration of this request.