Relmada Therapeutics, Inc. is a clinical company that develops novel treatments for chronic pain. The company has announced that it has filed an amendment motion for the litigation against Laidlaw & Company (UK) Ltd. In the United States Nevada District Court. This movement was aimed at filing an amendment that was part of litigation that had been lodged in the District Court of Nevada. The change includes an additional litigation against Laidlaw & Company (UK) Ltd. For disclosing confidential information acquired as an investment banking institution. Relmada Therapeutics Medical Practice has sought monetary damages that arise from responding to the false and misleading material presented to the court by Laidlaw & Company (UK) Ltd.
Relmada Therapeutics Medical Practice has noted that the court had issued a temporary order to restrain the injunction against the Laidlaw & Company (UK) Ltd. And its principals James Ahern and Mather Eitner. For this reason, the result of their issuance of misleading and false proxy materials. The Relamada Board of Directors believes that Laidlaw & Company (UK) Ltd. should compensate the company for the damages caused as a result of their actions. The company is prevented from further harm from Laidlaw & Company (UK) Ltd. in the future.
Laidlaw & Company (UK) Ltd. has served the company for more than five years. They have cooperated in the development of the business through the provision of capital. In 2015, Relmada discussed with Laidlaw & Company (UK) Ltd. the possibilities to attract new investors into the market. As part of the activities presented to the two companies, Laidlaw & Company (UK) Ltd. organized a showcase in 2015. They engaged in discussions which were meant to be captured with confidence. The discussed matters were about the future of the company and the capital needed to take them to the desired success. When the activities were concluded in 2015, the company as satisfied with the agreement reached. However, Laidlaw & Company (UK) Ltd. never meant to convey the discussions with confidence. The two parties were put aside to settle the matter amicably. However, their engagement did not yield the required results. For this reason, the amendments give the best results.