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Category: Investment Banking


The Previous Complaint against Laidlaw and Its Questionable Background

Posted by in Investment Banking

On January 26th, 2016, a clinical-staged company called Relmada Therapeutics announced its action in motion filing to amend a complaint towards Laidlaw & Company. A supplementary legal claim based on breach of confidential information was adjoined to the amended complaint. Additionally, Relmada is seeking monetary damages resulting from fees and costs attached to false and…


Laidlaw & Company Made My Business Dreams Come True

Posted by in Investment Banking

I was trying to start my own HVAC business on the side, but I knew that I would need money for that if I wanted to get anything actually done. The problem was that I would not be able to raise this money out of nowhere, and I needed to get someone who was going…


Helane Morrison’s Drive for Equality

Posted by in Investment Banking, Women in Business

In decades of legal practice, Helane Morrison has developed a reputation as a committed and ethical compliance officer. She’s now the Managing Director and Chief Compliance Officer for the San Francisco firm, Hall Capital Partners. This is an all-female partnered firm that has had great success in investment since 2007. Morrison began her career as…


Relmada Therapeutics Files Complaint Against Laidlaw

Posted by in Investment Banking

According to this article in PR News Webwire, Relmada’s complaint against the investment bank Laidlaw & Company, which is based in the United Kingdom, has advanced to a new stage. It’s a sad case. It’s bad when dishonest or incompetent stock brokers lose the money of their clients. You don’t normally hear about investment bankers harming their clients, which are the companies seeking to raise money through the stock market, but that appears to be what happened in this case. Relmada Therapeutics is a clinical medical company working on therapies to help people manage chronic pain. You’d want to hope that such a company would succeed, just for the sake of those patients around the world who do need a safe, powerful, effective and nonaddictive pain reliever. However, when Laidlaw organized a road tour to help Relmada meet with new institutional investors. The results did not satisfy Relmada upper management, and they let Laidlaw know they were unhappy. Laidlaw responded by demanding the right to choose a majority of the Board of Directors. They also launched a proxy solicitation to take control of Relmada. This is incredible. An investment bank is supposed to help companies go public and raise money, not take them over. What qualifications does an investment bank have to run a medical company? According to other online sources, Laidlaw, along with Matthew Eitner and James Ahern. They used to operate another name. On an online forum for financial professionals in New York that office is described variously as a “chop shop,” a “joke,” and a group of incompetents. Source: https://www.thestreet.com/story/13394818/1/us-federal-court-issues-temporary-restraining-order-against-laidlaw-company-and-its-principals-matthew-eitner-and-james-ahern.html


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