Laidlaw & Company is a popular full service brokerage and investment banking firm that offers its clients personalized investment advice and skillful execution. The company serves private and public institutions. High net worth individual investors also receive important services from the company.
Laidlaw & Company has earned the respect of many for providing wealth management and investment banking services to the United Kingdom and the United States. Some of the investment banking services from the company includes raising capital through the placement of equities with high net worth retail investors and organizations, acquisition and financing, placement of debt and the mezzanine capital with investors, arrangement of national exchange listings and initial public offerings.
The company has been successful in its projects since it was started. However, in December last year, Relmada Therapeutics, a clinical stage company announced that it had decided to file a law suit against the investment banking and Brokerage Company. Two principles of the company, James Ahern and Matthew Eitner were also involved in the lawsuit. The lawsuit was presented at the Nevada District Court.
Laidlaw and Company had served as the brokerage and investment banker for Relmada Therapeutics in the recent past. Relmada Therapeutics requested the brokerage company to help it in raising capital. This decision exposed some confidential information from Relmada Therapeutics. Several months later, Laidlaw announced that they had decided to take effective control over the clinical stage firm. This decision did not go well with the institution, and they decided to take the matter to court.
According to the management at Relmada Therapeutics, Laidlaw and its principles breached their contract when they leaked important and confidential information from the institution. According to them, this was breach of contract, and they are now demanding for monetary compensation from the brokerage firm. The court issued a restraining order against Laidlaw and its principles.