Sorrento Therapeutics Inc (SRNE)

[double_m]

What are these clowns doing! Self-inflicting wounds.

Justice Department Says Sorrento Therapeutics Lawyers Falsified Texas Bankruptcy Filing
A U.S. trustee says the biopharmaceutical company falsely claimed its principal place of business was a mailbox location in a Houston suburb
By Alexander Gladstone
Feb. 20, 2024 3:07 pm ET
https://www.wsj.com/articles/justice-department-says-sorrento-therapeutics-lawyers-falsified-texas-bankruptcy-filing-a27c14e1

Sorrento faked venue in bankruptcy filing, Justice Department says
Feb. 21, 2024 12:34 PM ET
https://seekingalpha.com/news/4069747-sorrento-faked-venue-bankruptcy-filing-justice-department

The bankruptcy lawyers rented a mailbox in Scintilla's name, and hours later, the company filed a Chapter 11 bankruptcy petition that represented that the UPS Store was both its "principal place of business" and the location of its principal assets," Epstein wrote.

As a result, Scintilla's claims that it operated "a place of business or its principal assets within the Southern District of Texas" for the past 180 days or a majority of days within that period, were not correct, he argued, adding that Scintilla's filing also allowed Sorrento (OTC:SRNEQ) to proceed with its bankruptcy petition.