In December in 2015, the court in Las Vegas issued a restraining order against Laidlaw Company. They were the company that acted as the investment banker of the Relmada Therapeutics. They used their position to try to take over that company. Laidlaw Company has a history of violating the United States Financial regulations in the past. Their principals who run this company , Matthew Eitner and James Ahern seem to have condoned this behavior because their hiring peson of the past Dr. Nabil Yazgi was also unscrupulous. Relmada Therapeutics is a company that pain medications, so it is a good thing that the court issued this restraining order. Thinking about what that company could have done to the price of a pain medications needed by a patient in pain, it
would have been awful.
The court seems to have recognized this and thus issued the restraining order against them. By statements which were false being issued the court’s decision seems to be the right one. This also protects the stockholders of the Relmada Therapeutics company. The injunction was also issued against the principals of the company, Matthew Eitner and James Ahern. By Laidlaw gaining control of the Relmada Therapeutics company it would be value destructive and not beneficial to their stockholders.
Laidlaw and company have a 170 years legacy of investment banking for companies. Utilizing the CEO managerial skills of Matther Eitner and James Ahern, they the forces that drive the company. They also are the ones who pursue investment banking with a health care being their focus.