SORRENTO INQUIRY LAUNCHED by Former Louisiana Attorney General: Kahn Swick & Foti, LLC Investigates Officers and Directors of Sorrento Therapeutics, Inc.
Former Louisiana Attorney General Charles C. Foti, Jr., Esq., Partner at Kahn Swick & Foti, LLC (“KSF”) law firm, announces that KSF has opened an investigation into Sorrento Therapeutics, Inc . (NasdaqGS: SRNE).
On May 15, 2020, news sources reported that the Company announced the discovery of the STI-1499 antibody, which it described as providing “100% inhibition” of the COVID-19 virus. On the same day, the company’s founder and CEO, Henry Ji, was quoted in a newspaper article as calling the development a “cure.” Over the next few days, media sources from investors expressed intense skepticism at the company’s claims, including Hindenburg Research, which reported that Ji had “reconsidered his comments about having a remedy ”in an interview with BioSpace, an online medium for the life sciences industry.
Subsequently, the Company and some of its officers were sued in a securities class action lawsuit, accusing them of failing to disclose material information during the lawsuit period, violating federal laws on securities, which continues.
KSF’s investigation focuses on whether the officers and / or directors of Sorrento breached their fiduciary duties to Sorrento shareholders or otherwise violated federal or state laws.
If you have any information that could assist KSF in its investigation, or if you have been a long-time holder of Sorrento shares and wish to discuss your legal rights, you can, at no obligation or cost to you, call toll-free at 1-877 -515-1850 or email Lewis Kahn, Managing Partner of KSF ([email protected]), or visit https://www.ksfcounsel.com/cases/nasdaqgs-srne/ to learn more.
About Kahn Swick & Foti, LLC
KSF, whose partners include former Louisiana Attorney General Charles C. Foti, Jr., is one of the nation’s leading securities litigation law firms. KSF serves a variety of clients – including public institutional investors, hedge funds, fund managers and retail investors – seeking to recoup investment losses due to corporate fraud and corporate embezzlement listed on the stock exchange. KSF has offices in New York, California and Louisiana.
To learn more about KSF, you can visit www.ksfcounsel.com.
See the source version on businesswire.com: https://www.businesswire.com/news/home/20210226005717/en/
Kahn Swick & Foti, LLC
Lewis Kahn, Managing Partner