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Category: Investment Banking

Category: Investment Banking

According to the PRNewswire news article published on 26 January 2016, Relmada Therapeutics, a clinical-stage company issued statement on amending its case against Laidlaw & Company. Relmada specializes in generating novel therapies for terminal pain treatment. The motion seeks to amend a filed complaint, which is a component of the lawsuit that the Relmada had initially filed. The new case includes a legal claim against Laidlaw’s breach of contract through disclosure of confidential information. Laidlaw & Company is a UK-based law firm. Besides, Relmada is pursuing monetary damages incurred from fees and expenses when issuing response to Laidlaw’s incorrect and misleading proxy materials in December 2015.

According to Relmada, the Nevada Court initially issued a temporary restraining order linked to an injunction against Laidlaw and its associates, Matthew Eitner and James Ahern. The lawsuit relates to the dissemination of false proxy information. The board of Relmada insists Laidlaw must compensate the firm for reputation damages it has suffered because of Laidlaw’s irresponsible actions. Besides, Relmada believes that it should be protected from Laidlaw’s possible plan of destroying the company in the future. The firm forwarded a letter issuing their interests to reinforce the complainant and victim’s case. While addressing the stockholders, the letter acknowledged the support of its team players.

About Laidlaw & Company

Laidlaw & Company provides a spectrum of services ranging from investment banking and brokerage services. It provides personalized investment advice to nongovernmental and governmental institutions, and large net worth individual investors. Laidlaw & Company provides full investment banking and wealth management services to new firms and organizations. Laidlaw & Company targets the domestic and international companies and corporate entrepreneurs with a network of offices in the United States and Europe. The company’s mission and vision are based on culturally oriented strategy.

For any corporations, government, or individuals seeking assistants in raising capital, Investment Banking is a popular route. Unlike retail and commercial banks; investment banking doesn’t accept deposits and are more focused on Trading, Market Making, Mergers and Acquisitions (M&A). In other word, (Inv-Banking)deals with making large amounts of money, but this is where greed overwrites ethics.

U.S. Federal Court Issues Temporary Restraining Order Against Laidlaw & Company And Its Principals Matthew Eitner And James Ahern

Case-In-Point: Laidlaw & Company is a powerhouse in this field and has been around for over 170 years. The company focuses on corporate entrepreneurs, private clients, institutions, domestic and international companies with a huge network of offices in Europe and the U.S. The company has a “think outside the box” mentality which makes it a powerhouse on a global scale. Being this successful in-terms of financial gain and prominence tends to corrupt some people just like in the movie “Wolf of Wall Street.” Two executive members of Laidlaw & Company’s team personified similar acts of that movie. An associative injunction and temporary restraining order was placed against L&C’s James Ahern and Matthew Eitner. The executives were disseminating false and misleading proxy materials stated by Nevada’s District Court. Here is where the corruption gets deeper.

Relmada Therapeutics; a success clinical-stage development company filed the suit against Laidlaw for trying to take control of their company. Throughout the years customer complaints, monetary penalties, and regulatory sanctions have been filed against the powerful investment banking firm. You have to ask yourself this question; why would I/You do business with a firm with a repeated history for violating U.S. financial regulations. Relmada isn’t publicly updating, but the 2015 proxy case can be found here http://www.sec.gov It goes to show that partnerships or friendships can be ruined when doing business with unethical and greedy people.