Relmada Technologies recently got a court reprieve after it managed to convince a Nevada court that relentless takeover attempts by Laidlaw and Company, are illegitimate. The two firms have been embroiled in a takeover dispute, which has elicited sharp debate throughout the financial services industry. Relmada is the outright winner in the latest legal battle between the two. The court also warned Messrs. Matthew Eitner and James Ahern from meddling in Relmada’s affairs. The two are top-ranking Laidlaw officials.
The dispute between the firms arose from an attempt by Laidlaw Company to acquire Relmada. The legal fight has seen the firms cut ties with each other. Laidlaw previously served as Relmada’s investment bank. Mr. Eitner and Mr. Ahern are accused of publicizing malicious information related to Relmada’s acquisition by the investment firm.
According to Relmada, the act totally disdains industry regulations. Those who support Laidlaw argue that this is a common business practice, which will be of benefit to Relmada in the long run. However, Relmada’s CEO, Mr. Sergio Traversa is not amused since Laidlaw is an old hand in the industry and therefore, must adhere to all regulations. He however welcomes the restraining order by stating that his firm will now focus on the progression of its product portfolio.
About Laidlaw & Company
This is a major investment firm, which offers its services to individuals, corporations and government agencies. The firm’s longevity in the industry is owed to strict adherence to ethical business practices. It banks on the experience and competence of financial experts who offer judicial services to its clients. Laidlaw & Company has been in existence since 1842, which makes it one of the oldest financial institutions. It has a unique business strategy that includes the use of independent sales offices to market it.
To serve its clients better, it has offices in various parts of the UK and the US. This includes New York, San Francisco, Connecticut, Ft Lauderdale and London. The firm has FINRA and FCA accreditation, which shows that it is eligible to carry out its operations in the Unites States and Europe.