Looks like it is “round two” between Relmada Therapeutics and Laidlaw. Recently, Relmada Therapeutics filed a lawsuit against Laidlaw and its principals, Matthew Einer and James Ahern. Relmada originally claimed that Matthew Einer and James Ahern were engaged in spreading “false and misleading material”, in regards to the company. A temporary order was put in place for Laidlaw and its principals to cease spreading information about Relmada Therapeutics.
The second act of this saga includes, Relmada Therapeutics filing an amendment. No, not the good kind of amendment either. In addition to the original complaint, Relmada is now accusing Laidlaw and its principals of breaching its fiduciary duty to Relmada.
Laidlaw specializes in the finance and wealth management for businesses and institutions. They focus much of their fiscal expertise on healthcare organizations. Hence, Laidlaw was involved with Relmada and played the role of investment bank to Relmada Therapeutics. In this capacity, releasing any confidential financial information to other organizations or individuals could threaten Relmada’s survivability as a business. Actions like this may also lead to a “hostile takeover” now that the competition has insider information on the financial state and plans of Relmada Therapeutics.
Any way you look at it, Laidlaw has put Relmada Therapeutics at great risk with their reckless behavior. Relmada is currently researching and producing alternatives to opioids in pain management as well as addiction recovery. Personally, I believe the people at Relmada have something wonderful to off the world of medicine. However, my fear is that Relmada Therapeutics “alternatives” may not be “lining the pockets” of the competition and the competition is not happy about this.
Since the inception of Matthew Einer and James Ahern, Laidlaw has been investing on the other side of the law, it seems. A long history of dishonest behavior and mistrust cloud the reputation of Laidlaw, for now. Maybe, its time to “take a fall” in “round two”, gentlemen. Time for Mr. Einer and Mr. Ahern to “throw in the towel”.