Jan. 25, 2013
/PRNewswire/ -- Emmaus Life Sciences, Inc., a company dedicated to the discovery, development and commercialization of innovative and cost effective treatments and therapies for rare diseases, today issued the following statement in response to an announcement issued
January 24, 2013
by AFH Holding & Advisory, LLC.:
AFH Holding & Advisory and its counsel have misrepresented the nature and effect of a recent ruling by the Los Angeles Superior Court. Far from "preventing [Emmaus] from pursuing a lawsuit it had filed" against AFH Holding & Advisory, the court's decision merely stayed the proceedings in
and held that the claims are contractually required to be brought in
, where Emmaus is currently engaged in litigation against AFH Holding & Advisory and its principal
. The court's narrow and technical ruling in no way addressed the merits of Emmaus's claims, which management believes are strongly supported by the evidence. Neither this nor any further attempt by AFH Holding & Advisory to litigate by press release will dissuade Emmaus from pursuing its claims in whatever forum is appropriate for their adjudication.
About Emmaus Life Sciences
Emmaus is dedicated to the discovery, development and commercialization of innovative and cost-effective treatments and therapies for rare diseases.
For more information, please visit
for Emmaus Life Sciences, Inc. 415-981-1964
for Emmaus Life Sciences, Inc. 310-279-5975
SOURCE Emmaus Life Sciences, Inc.