Elite Pharmaceuticals Inc (ELTP): Doc, you've probably got the inside scoo...

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Re: dr_lowenstein post# 151718

Monday, 04/20/2015 5:36:12 PM

Monday, April 20, 2015 5:36:12 PM

Doc, you've probably got the inside scoop.

Any of your sources tell you the details of how the case was settled? Treppel was apparently fired from B of A, as I said both sides took some bruises. But he also seems to have been partially vindicated, as Melnyk was eventually sanctioned by both the OSC and SEC.

http://business.financialpost.com/news/fp-street/melnyk-could-face-5-year-ban-from-the-boardroom

He was forced to step down and go spend his billions elsewhere. But there was never a peep from either side about the out of court settlement with JT. What do your sources tell you?

"There are three kinds of lies: lies, damned lies, and statistics."

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