Shareholder Value Creation Committee Will Continue To Fight For Shareholder Rights

Dec 11, 2015, 15:12 ET from Laidlaw & Co

NEW YORK, Dec. 11, 2015 /PRNewswire/ -- The Committee of Relmada Shareholders for Value Creation, (the Shareholder Value Creation Committee) created by principals of Laidlaw & Co., a group of shareholders of Relmada Therapeutics, Inc., (OTCQB: RLMD) (Relmada) unaffiliated with Relmada, today announced that the Federal District Court for the District of Nevada yesterday issued, without a hearing, an ex parte temporary restraining order preventing the solicitation of proxies until the expiration of the temporary restraining order on December 22, 2015.  The Court also set a hearing on December 22, 2015 on Relmada's request for a preliminary injunction.  The Shareholder Value Creation Committee intends to seek prompt relief from the court by filing a counterclaim, an opposition to Relmada's request for injunctive relief, and a countermotion for injunctive relief against Relmada on or before December 15, 2015 and to vigorously pursue all available legal remedies to protect shareholder franchise.

Bryan Kobel

SOURCE Laidlaw & Co