The recent spat between Relmada therapeutics and Laidlaw regarding the release of confidential information that touched on fiduciary duty. The fiduciary duty was on the part of Laidlaw because it released the “misleading” information without the authorization of Relmada. The relationship between the two parties is based on Laidlaw acting as the investment banker on behalf of Relmada. The information under concern touched on a previous court injunction restraining Laidlaw from disseminating any information or proxy materials. It is from this premise that Relmada sought to have Laidlaw compensate them for damages that it suffered from the actions of the defendant.
The altercations between the two seem to have emanated from a relationship gone sour despite Laidlaw’s long history of violations. These violations mainly stem from the state as well as federal and financial regulations. The bad blood between the two parties went to the extent of divulging personal information on James Ahern. James is Laidlaw’s Managing Partner and Head of Capital Markets who is laden with controversies as disclosed by Relmada.
Laidlaw & Company (UK) Ltd. is an investment banking as well as a wealth management services company. It is located at 546 5th Avenue, NY 10036, New York. Laidlaw offers its services to both corporations and individuals in the United States as well as the United Kingdom. For many years, the company has helped entities in raising equity through its investment banking services. Its rich history dates back to a hundred and seventy-five years in 1842 when the first office opened its doors in the US. The mother company originally known as Hewitt Lees & Company gave rise to the robust corporation it is today.
Despite the “small” hitches regarding discontented clients, Laidlaw is renown not only for investment banking but also advisory serves. In its portfolio, it also deals with mergers and acquisitions as well as financial restructuring. Other services offered include wealth management that focuses on planning and portfolio management.