Laidlaw & Company or “Above the Law”?
Laidlaw & Company has a dark history in regards to violations of United States Financial Regulations. In December of 2015 the U.S. District Court for the District of Nevada issued a temporary restraining order and associated injunction to Laidlaw & Company, along with principals Matthew Eitner and James Ahern. The restraining order resulted from the previously announced lawsuit filed against Laidlaw by Relmada Therapeutics. Relmada claims that Laidlaw has continuously and repetitively attempted to seize the company through the “dissemination of false and misleading proxy materials.”
Laidlaw & Company, an investment broker firm, is run by C.E.O. Matthew Eitner, Head of Capital Markets James Ahern, and C.F.O. John Coolong. The company has a history of violations not only with its customers, which have resulted in multiple complaints as well as regulatory sanctions and monetary penalties, but with its employees as well. One can easily identify a pattern of misconduct when researching the company using web-searches and review sites such as glassdoor.com. There is a long line of employee complaints consisting of unprofessionalism and even neglect.
Sergio Traversa, C.E.O. of Relmada, stated in a press release: “We are pleased that the Court has again granted an injunction and prevented Laidlaw from disseminating its false and misleading proxy materials. The Relmada Board has acted, and will continue to act, in the best interests of Relmada and all of its stockholders. In contrast, the actions of Laidlaw and its principals make clear to us that their interests are very different from all other Relmada stockholders.” Matthew Eitner and his crony crew have utilized private information attained from Relmada’s personal database in an attempt to take over the company. This blatant misuse of power has given Laidlaw & Company the appearance of an untrustworthy broker firm.