Staying away from a loved one can be tormenting and even more tormenting if you are in a tough environment such as a jail. Securus Technologies is a company that is committed to helping those in harsh environments. It has launched a multi-state campaign that seeks to promote the benefits of video visitation. There will be commercials that will show the value of video visitation, and it will run for 30 days. Many consumers choose to connect with their loved ones who are incarcerated through mobile phones or desktops. More than 110,000 visits are connected through mobile apps. Currently, there are over 160,000 visits every month and a total of 2 Million visits per year. The number of visitations more than doubles every year.
Why choose the video visitations? Prisoners can connect with their loved ones for various activities, for example, parents can work with their children on homework and share on special occasions such as birthdays and Christmas. An individual may also visit more without encountering the inconveniences of jail visits. Economically, people can save on travel time, waiting lists and transportation costs. It is important to note that the average price per visit is $2.72 and an individual saves $100 over the cost of onsite visitation.
Securus Technologies is the leader in civil and criminal justice technology solutions across North America. It provides cutting-edge products and services in emergency response, inmate self-service and incident management among others. It has earned an excellent reputation in the more than 3,450 law enforcement, public safety and correctional agencies it serves. The video visitation is one of the many innovative technologies it has. The registration, technology stack, scheduling and security features of the technology do not correspond with Video Chat or Skype as competitors claim. The firm which is dedicated to modernizing the experience of the incarcerated has its headquarters in Dallas, Texas.
Fiduciary duty is a responsibility one owes to another, be it an individual or a person. The definition in legal terms, a “person” is a corporation, an artificial-person and a legal entity. Consequently, when Relmada Therapeutics’ amended their complaint with an added legal claim based on Laidlaw’s breach of the fiduciary duty, what did that mean?
The Relmada board avowed Laidlaw disclosed confidential information. Relmada board affirmed the information the investment bank Laidlaw publicized was privileged, and only was obtained by virtue of its capacity as Relmada’s banker. Hence, this information was confidential.
It is stated that a fiduciary duty is the highest standard of care, so did Laidlaw—a capital market firm break this trust with Relmada Therapeutics? In consideration, the United States District Court for the District of Nevada did grant a temporary restraining order and associated injunction against Laidlaw and its Principals, Matthew Eitner and James Ahern. All this was a result of their spreading of false and misleading proxy materials.
In Relmada Therapeutics’ claim they necessitate damages. Fiduciary duties are real to uphold needed relationships agreed upon as binding on each other, such as rules and obligations; relationships to make lawful the faith and trust between two parties, which as stated above, most certainly is between two corporations.
In conclusion, when a clinical-stage company like Relmada develops therapies treatments for pain suffers, and hires an investment bank for services, it is understood information is shared to the exclusion of the general public. So when Laidlaw disclosed confidential information belonging to Relmada Therapeutics it causes the breach of faith. As the details are known, Relmada told Laidlaw that they were displeased with their services concerning a road show to draw in new investors, of which Laidlaw arranged. In due course, Laidlaw disclosed confidential information concerning Relmada’s raising capital. Was it a slight slip of the tongue, pen, or keyboard stroke? No, corporations generally know exactly what they do, so no, it was not a slip, but a slight.