Elite Pharmaceuticals Inc (ELTP): I’ll take a stab at it. There are such t...

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Elite Pharmaceuticals Inc (ELTP)

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Re: WeeZuhl post# 341093

Tuesday, 08/11/2020 10:51:00 AM

Tuesday, August 11, 2020 10:51:00 AM

I’ll take a stab at it. There are such things as frivolous lawsuits - I know this for a fact as a family member was accused of negligence by a patient at her place of employment. This was a baseless claim and easily disputed by the evidence. Didn’t stop her from being deposed and having to worry about it and deal with it for about 1.75-2 years before the other party finally settled a week before trial was supposed to start. Luckily, her lawyer fees were covered by her employer. Who would cover Elite’s legal fees in the event of a suit over generic opioids or any other baseless claim, even if the suit ultimately had no merit?

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