SORRENTO THERAPEUTICS, INC. Bankruptcy Filing
Case Number: 23-90085
SORRENTO THERAPEUTICS, INC. filed a 11 chapter bankruptcy in the Southern District of Texas bankruptcy court on February 13, 2023. This is a voluntary filing; it was assigned the bankruptcy case number #23-90085.
SORRENTO THERAPEUTICS, INC. Filing Information
The bankruptcy petition for SORRENTO THERAPEUTICS, INC. showed assets in the range of more than $1B with liabilities in the range of $100MM - $500MM. SORRENTO THERAPEUTICS, INC. reports that the number of creditors is in the range of 200-999.
The debtor indicated their nature of business as 'None of the Above'. The nature of business option is fairly limited; most companies will chose 'None of the Above'. The options include: 'Health Care Business', 'Single Asset Real Estate', 'Railroad', 'Stockbroker', 'Commodity Broker', 'Clearing Bank', or 'None of the Above'.
SORRENTO THERAPEUTICS, INC. indicated on its bankruptcy petition that it does not expect there will be sufficient assets in the estate to make a payment to the unsecured creditors. This is a bad sign for creditors as it implies that no recovery is likely.
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SORRENTO THERAPEUTICS, INC. Docket Header
LEAD, COMPLX, COMPLX, DEFmaillist, CLMAGT, APPEAL |
Southern District of Texas (Houston)
Bankruptcy Petition #: 23-90085
Assigned to: Bankruptcy Judge Christopher M. Lopez Chapter 11 Voluntary Asset |
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| Debtor Sorrento Therapeutics, Inc. 4955 Directors Place San Diego, CA 92121 SAN DIEGO-CA Tax ID / EIN: 33-0344842 |
rep. by |
Nelly Almeida
Milbank L.L.P. 55 Hudson Yards New York, NY 10001-2163 212-530-5000 Email: nalmeida @ milbank.com Matthew D Cavenaugh Jackson Walker LLP 1401 McKinney Street Ste 1900 Houston, TX 77010 713-752-4200 Email: mcavenaugh @ jw.com Erin Elizabeth Dexter Milbank LLP 1850 K St NW Suite 1100 Washington, DC 20006 202-835-7547 Email: edexter @ milbank.com Martin P Eramo Martin P. Eramo APLC 34192 Violet Lantern Ste 6 Dana Point, CA 92629 949-494-9999 Email: mperamo @ aol.com Genevieve Marie Graham Jackson Walker LLP 1401 McKinney Street Suite 1900 Houston, TX 77010 (713) 752-4231 Fax : (713) 308-4131 Email: ggraham @ jw.com Emily Meraia Jackson Walker 1401 McKinney Street Ste 1900 Houston, TX 77010 713-752-4458 Email: emeraia @ jw.com Kristhy M Peguero Jackson Walker LLP 1401 McKinney St Ste 1900 Houston, TX 77010 713-752-4440 Email: kpeguero @ jw.com Mark Shinderman Milbank LLP 2029 Century Park East 33rd Floor Los Angeles, CA 90067 424-386-4411 Email: mshinderman @ milbank.com Susan Tran Adams Tran Singh LLP 2502 La Branch Street Houston, TX 77004 832-975-7300 Fax : 832-975-7301 Email: stran @ ts-llp.com |
| Debtor Scintilla Pharmaceuticals, Inc. 7 Switchbud Place Suite 192-513 PO Box 513 The Woodlands, TX 77380 MONTGOMERY-TX Tax ID / EIN: 47-4207956 |
rep. by |
Matthew D Cavenaugh
(See above for address) Genevieve Marie Graham (See above for address) Kristhy M Peguero (See above for address) |
| Defendant JB Pacific, Inc. |
rep. by |
Ben L Aderholt
Coats Rose, P.C. 9 Greenway Plaza Suite 1000 Houston, TX 77046 713-653-7317 Fax : 713-651-0220 Email: baderholt @ coatsrose.com TERMINATED: 05/13/2024 T. Josh Judd Andrews Myers PC 1885 Saint James Place, 15th Floor Houston, TX 77056 713-850-4200 Fax : 832-786-4877 Email: jjudd @ andrewsmyers.com William D. Locher Gibbs Giden Locher Turner Senet & Wittbr 12100 Wilshire blvd. Suite 300 Los Angeles, CA 310-552-3400 |
| Trustee David Weinhoffer |
rep. by |
Ryan E Manns
Norton Rose Fulbright US LLP 2200 Ross Ave Ste 3600 Dallas, TX 75201 214-855-0000 Email: ryan.manns @ nortonrosefulbright.com |
| U.S. Trustee US Trustee Office of the US Trustee 515 Rusk Ave Ste 3516 Houston, TX 77002 |
rep. by |
Alicia Lenae Barcomb
Office of the U.S. Trustee 515 Rusk Suite 3516 Houston, TX 77002 713-718-4661 Email: alicia.barcomb @ usdoj.gov Hector Duran, Jr U.S. Trustee 515 Rusk Ste 3516 Houston, Tx 77002 7137184650 Email: Hector.Duran.Jr @ usdoj.gov |
| Respondent E*Trade Clearing, LLC, E*Trade Clearing, LLC Doyle Restrepo Harvin & Robbins, LLP 440 Louisiana St Ste 2300 Houston, Tx 77002 7132285100 |
rep. by |
Andrew R Harvin
Doyle, Restrepo, Harvin & Robbins LLP 440 Louisiana, Suite 2300 Lyric Centre Houston, TX 77002 713-228-5100 Email: aharvin @ drhrlaw.com |
| Respondent Morgan Stanley Smith Barney LLC, Morgan Stanley Smith Barney, LLC Doyle Restrepo Harvin & Robbins, LLP 440 Louisiana St Ste 2300 Houston, TX 77002 7132285100 |
rep. by |
Andrew R Harvin
(See above for address) |
| Respondent Morgan Stanley & Co., LLC, Morgan Stanley & Co., LLC Doyle Restrepo Harvin & Robbins, LLP 440 Louisiana St Ste 2300 Houston, TX 77002 7132285100 |
rep. by |
Andrew R Harvin
(See above for address) |
| Respondent Raymond James & Associates Inc |
rep. by |
Broocks Wilson
Kean Miller LLP 711 Louisiana Street Ste 1800 Houston, TX 77002 713-844-3063 Email: mack.wilson @ keanmiller.com |
| Creditor Committee Official Committee of Unsecured Creditors |
rep. by |
Julie Goodrich Harrison
Norton Rose Fulbright US LLP 1550 Lamar Suite 2000 Houston, TX 77010 713-651-5434 Email: julie.harrison @ nortonrosefulbright.com Ryan E Manns (See above for address) Maria Barbara Mokrzycka Norton Rose Fulbright US LLP 1550 Lamar Suite 2000 Houston, TX 77010 713-651-5359 Email: maria.mokrzycka @ nortonrosefulbright.com |
| Creditor Committee Official Committee of Equity Securities Holders 1185 Avenue of the Americas Floor 22 New York, NY 10036 212-970-1600 |
rep. by | Andrew K. Glenn
Glenn Agre Bergman & Fuentes LLP 1185 Avenue of the Americas 22nd Floor New York, NY 10036 212-970-1600 Email: aglenn @ glennagre.com Shari L Heyen Greenberg Traurig, P.A 1000 Louisiana, Suite 6700 Houston, TX 77002 713-374-3500 Fax : 713-374-3505 Email: heyens @ gtlaw.com Emily Dianne Nasir Greenberg Traurig, P.A 1000 Louisiana St Suite 6700 Houston, TX 77002 713-374-3575 Fax : 713-226-6375 Email: emily.nasir @ gtlaw.com |