The Lawsuit Against Laidlaw
A company y the name Relmada Theurapitics Inc. made an announcement that it was filing a motion so as to amend its complaints against Laidlaw& Company on a press release through PRNewswire. It stated that it filed this motion in the United States District Court. The complaint consists of the additional legal claim that is based on breach of the fiduciary duty by Laidlaw. It is part of the lawsuit that Relmada had filed in the Nevada District Court. It is believed that Laidlaw disclosed information that was confidential. The information was gotten when Laidlaw was the investment banker of the company.
The Court had issued a restraining order and linked injunction against Laidlaw, James Ahem, and Mathew Eitner. These are the principals of Laidlaw. It is said that they distributed misleading and false proxy materials. I firmly believe that Laidlaw must give compensation to the company as a result of the damages it has suffered due to these actions. I believe that Laidlaw should be forbidden from causing harm to the enterprise in future. The company also drafted a letter to stockholders to let them know about the action that the firm had taken to guard their interests.
Laidlaw is a brokerage and investment firm. Laidlaw was formerly known as Sands Brothers International Ltd. James Ahern is the Managing Partner and the Head of Capital Markets for Laidlaw at the age of 36 years. He has been in the field of financial services since 2003. He had a number of lawsuits made against him during this period. James works with his co-principal Mathew Eitner at Laidlaw. James is also said to have listed wrong education background on his resume. He later confirmed that the institutions which accused him had no solid information and records of him.