TUCSON, Ariz.--(BUSINESS WIRE)--Peptide Solutions LLC CEO Mahendra Menakuru denies all allegations made by PTI and has filed a counterclaim in the Superior Court of Arizona, Pima County on February 17, 2015, alleging among other things defamation of character and tortious interference.
“I will vigorously defend myself and Peptide Solutions LLC from the scurrilous allegations made in a lawsuit filed in the Superior Court of Arizona, County of Pima (Case No. 20150243) and a press release dated January 27, 2015, by PTI and its CEO Nate Cosper,” said Mahendra Menakuru, CEO of Peptide Solutions LLC.
Menakuru states, “PTI prospered under my leadership, with close to a decade of unprecedented innovation of instrumentation. This recent attack on my integrity and reputation is appalling and unacceptable.”
“Having been terminated at will from the position of CEO of PTI on a day when the company was significantly ahead in year-over-year revenues and on target to have a good year and then to be accused of these scurrilous allegations is repugnant and reprehensible. I made the conscious decision not to accept PTI’s severance package in order to have the freedom to found Peptide Solutions and utilize my 20 years of experience in the industry, 10 years of which I had prior to my tenure at PTI.
“Peptide Solutions LLC is focused on selling reagents and building blocks to the drug discovery, drug delivery and diagnostics industry.
“I did not take anything from PTI, and the allegations that ex-employees of PTI are utilizing proprietary or trade secrets from PTI to benefit me and/or Peptide Solutions LLC is a falsehood. The talented ex-employees are not employees of Peptide Solutions, nor have they ever been,” said Menakuru.
Menakuru has filed a counterclaim in the Superior Court of Arizona, Pima County (Case No. 20150243) alleging among other things defamation of character against PTI and its CEO Nate Cosper.
About Peptide Solutions LLC
Peptide Solutions LLC is a distribution partner for Iris Biotech GmbH in North America and is recognized as a leading supplier of reagents used in drug discovery, drug delivery and diagnostics. Please visit www.easypeptide.com.