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US court dismisses Wildcat's lawsuits against Sorrento

The U.S. Court of Chancery for the State of Delaware dismissed Wildcat Capital Management LLC's lawsuits against Sorrento Therapeutics Inc. after both parties reached a settlement agreement in March.

Wildcat Capital was seeking documents related to Sorrento's private placement agreements in April 2016 on behalf of its clients who are major holders of Sorrento.

Terms of the settlement are confidential.