Replies to post #341110 on Elite Pharmaceuticals Inc (ELTP)

[IB_]

Nasrat is a Lawyer !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!



IB_

[Chasing]

the revenues would likely have covered the legal fees. However, the only good reason I can see for not marketing the opioids is if Nasrat couldn't find anyone to distribute them. He wasn't necessarily worried about Elite being sued; potential partners we talked to may have been the ones worried and said no thanks.

Who would cover Elite’s legal fees in the event of a suit over generic opioids

[WeeZuhl]

I’ll take a stab at it. There are such things as frivolous lawsuits -
...

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?

Frivolous lawsuits are a cost of doing business. Elite has business insurance for this. They have in-house counsel to help them make decisions so they stay on the legal side. Doctors expect to get sued, yet we still practice medicine. Businesses expect to get sued, yet they still operate. Fear of frivolous lawsuits is a minor consideration in business operations, and it should not cause major shifts in development plans.