An associated injunction against an investment bank might not seem like a news story that would be especially gripping. But the case in question actually sheds a lot of light on how some very important industries function. On one side is Laidlaw & Company, a high profile investment bank. And on the other is Relmada Therapeutics, a clinical-stage company which specializes in treatments for chronic pain.
I never really gave much thought into how medical companies fund their research. But looking into the case I was struck by just how difficult it must be to get vitally important medications to market. I also became quite aware of how complex these situations can be. That might well be the reason why the court issued a temporary restraining order and associated injunction against Laidlaw and Company. This was in response to allegations from Relmada that Laidlaw had been intentionally spreading false and misleading proxy materials. It’d be quite easy for people to form the wrong opinion about a case which involves so many complex and confusing pieces of information.
Personally, I decided that if I wanted to understand the case than it’d call for additional information about Laidlaw. Their own website provides a wealth of succent material about both the company and the people who work there. One item that I found particularly noteworthy was just how successful Laidlaw is. I hadn’t heard of them before, but they seem to be one of the major players in the investment sector. They’ve been in business for over a hundred years now. And during that time Laidlaw has been able to expand into the international market.
A company that successful is obviously doing something right. But I felt that it was best to look at the senior executives within the company rather than at distant history. It was easy enough to find information about Matthew Eitner and James http://finance.yahoo.com/news/relmada-therapeutics-files-amended-complaint-120000653.htmlAhern on Laidlaw’s website. This, in turn, told me something very important about the company. The fact that both men had a brief biography on the site meant that they took some pride in associating their name with the company. This is especially important given that both men are also heavily involved with charitable projects and community efforts. Specifics of the case aside, they have an impressive history of good works and professional victories. Having good people at the top says a lot of positive things about any company.