The Company had created a legacy history for over 170 years as an independent securities brokerage and investment banking that had complete focus on the domestic needs and international companies, private institutions and clients across the globe and many entrepreneurs. It is that legacy that the Laidlaw Company was able to grow its networks in both Europe and around the United States and at the same time hiring over 150 employees who operated under FINRA registration as well as under FCA authorization.
However, the Company has recently tarnished its right image by its involvement in Corruption scandals and scams. The Company’s clients are now losing trust in the Company’s healthcare focused capital market teams and investment banking which was previously well recognized. The FINRA registrations have registered several misdeeds by the Company’s Operation.
In one of the latest scandal, Laidlaw was accused by the Relmada Therapeutics, Inc. which is a clinical company that is involved in the development of novel therapies for chronic pain treatment. The litigation filed against Laidlaw Company was a part of another lawsuit that had been filed at the Nevada District Court. The Amendment complaint involved added legitimate claims where the Laidlaw was disseminating some confidential information about the Relmada of which was disclosed during the Acquisition of the Remelda as their Investment Banker.
Remelda realized that the ruling released by the Nevada Law Courts the were temporary seeking the Laidlaw and its principals, James Ahern and Matthew Eitner’s injunction and restriction from further spreading of the proxy materials that were false and deceptive. The Nevada Court ruling, however, did not order the compensation of the Remelda’s resources damages as it was striving to protect its further harm by the Laidlaw. Remelda sent its stakeholders a letter to inform that the action taken was meant to protect their interests.
The Laidlaw has of late kept their personal interests above the Company Ethics and Rights of its employees of which is an enormous mess to its future growth.