The ruling comes shortly after Jeremy Desai, the man at the centre of the lawsuit, stepped down as Apotex CEO 'to pursue other opportunities.'
vancouver.citynews.ca
By
Sonia Aslam
Posted Feb 3, 2018 lengthy article. rbbm.
''TORONTO, ON. (NEWS 1130) – A US judge has refused to throw out a sensational lawsuit that accuses Barry Sherman’s drug company of using sex, lies and USB flash drives to illegally acquire valuable trade secrets from a rival pharmaceutical firm.
The ruling, released Tuesday, is the latest chapter in a bizarre legal saga that was thrust back into the spotlight last week amid news that Jeremy Desai — Sherman’s pick as president and CEO of Apotex Inc., and the man at the centre of the lawsuit — had suddenly resigned “to pursue other opportunities.” By chance, the company announced Desai’s abrupt departure just hours before Toronto police convened a press conference last Friday to reveal that Barry and Honey Sherman were indeed murdered, the victims of a “targeted” double homicide inside their north-end mansion.
The unusual lawsuit was launched last July by the US division of Israel’s Teva Pharmaceutical Industries Ltd., the world’s largest generic drug-maker. Filed in Pennsylvania, the complaint alleges that Desai was involved in a “romantic relationship” with a senior Teva executive — a fellow Canadian named Barinder Sandhu — and that he induced his girlfriend to leak him highly sensitive Teva records, including “trade secrets and other confidential information.”
The FBI was called in to investigate Sandhu after she was fired in October 2016, but the US Department of Justice decided last May not to pursue criminal charges. Teva filed its lawsuit two months later.''
Why Desai left his job so suddenly remains a mystery; in a prepared statement last week, Apotex would only say his resignation was “effective immediately” and that “we thank Jeremy for his contributions and wish him success in the next phase of his career.” Berman, the company spokesman, told Maclean’s today that “the announcement of Jeremy’s resignation and the police update of the same day are completely unrelated. Dr. Desai’s resignation is in no way connected to the death of Dr. Sherman.”
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''When Sherman was alive, Desai appeared to enjoy a close relationship with the company founder and chairman. In fact, as The Globe and Mail first reported last week,
it was Sherman who provided the mortgage for the upscale Toronto home that Desai and his wife, Kalpna, purchased when they first moved to Canada in 2003. The loan document, filed at Toronto’s land registry office, shows that Sherman lent the couple $3.15 million — at zero interest, and without a regular payment schedule. The mortgage is due “on demand,” records show, and 15 years later no discharge has been filed, suggesting the loan remains outstanding.''