Elite Pharmaceuticals Inc (ELTP)

[WeeZuhl]

I can guess one company NOT being considered.


I doubt Chairman Treppel would allow any discussions with Valeant, which merged with BioVail back in 2010. Treppel and BioVail CEO Eugene Melnyk had a prolonged and public rivalry (hatred), thus leading to one of the greatest sentences ever written about a stock analyst EVER.

http://www.canada.com/story_print.html?id=89c98fe7-c425-4f93-9881-add12f4348bb&sponsor=

If Jerry Treppel was cast in a Hollywood western, he'd be the steely-jawed cowboy who rides into town to lock eyes with his nemesis one last time, just before the man hangs from the gallows at the end of Main Street.

The fight was long & interesting, with multiple lawsuits and both sides taking bruises. It has had a lasting impression, as one of the suits, Treppel v. Biovail, resulted in precedence-setting decision, and thus law students to this day are taught about "Treppel."


http://www.jaeckle.com/files/EDiscovery/Treppel_Case_Summary-FINAL.pdf

In Treppel v. Biovail Corporation, the
court authorized the plaintiff to conduct, at the defendants' expense, a "thorough forensic examination"
of a laptop computer used by Biovail's Chairman and CEO based on what the court found to be "clearly
deficient" efforts on the company's part to preserve electronically stored information ("ESI").