Brief: Sorrento Therapeutics, Inc.'S Bankruptcy Court Issues Temporary Restraining Order Against Brokerage Firms And Suspends Short-Sales Of Dividended Scilex Stock

Sorrento Therapeutics

15/06/2023 14:49

Scilex Holding Co  SCLX.O :
    * SORRENTO THERAPEUTICS, INC.'S BANKRUPTCY COURT ISSUES
TEMPORARY
RESTRAINING ORDER AGAINST BROKERAGE FIRMS AND SUSPENDS
SHORT-SALES OF DIVIDENDED SCILEX STOCK
    * SORRENTO THERAPEUTICS: COURT ORDERED CERTAIN BROKERAGE
FIRMS TO
PROVIDE ACCOUNTING OF PROFITS FROM NAKED SHORT-SELLING OF
DIVIDENDED SCILEX STOCK
    * SORRENTO THERAPEUTICS - COURT'S TEMPORARY RESTRAINING
ORDER
GRANTS REQUEST BY OFFICIAL COMMITTEE OF EQUITY SECURITY HOLDERS
IN CO'S CHAPTER 11 CASE
    * SORRENTO THERAPEUTICS - COURT WILL CONDUCT A HEARING TO
CONSIDER
COMMITTEE'S RELATED REQUEST FOR A PRELIMINARY INJUNCTION ON
ISSUES ON JUNE 27, 2023

Source text for Eikon:  ID:nPnccXz0Ga 
Further company coverage:  SCLX.O