House Oversight — Estate records
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From: Kathy Ruemmler Sent: 8/12/2016 2:54:25 AM To: jeffrey E. [jeeyacation@gmail.com] Subject: Fwd: Press: LA Times - Federal jury decides Middle East bank did not defraud Orange County entrepreneur Attachments: image002.jpg Importance: High Begin forwarded message: From: _____________________________ Date: August 11, 2016 at 7:52:12 PM PDT To: < Subject: FW: Press: LA Times - Federal jury decides Middle East bank did not defraud Orange County entrepreneur From: Pizzurro, Frank (LA) < Date: Thursday, Aug 11, 2016, 7:41 PM To: Dunlavey, Dean (OC) < >, Schecter, Daniel (CC) < , Mohebbi, Nima (LA) < <I Cc: #L&W BD PR (US) </W mailto:#>>, Wine, Jamie (NY) <__________________________________________________>>, Bruno, Nicole (NY) >>, Harris, Nicole (CH) <>>, Greenberg, Jeffrey (LA-NY) >, Bauer, Steve (SF-BR) >>, Moore, Wendy (OC) <>>, Jennings, Alex (LA) >>, Robins, Greg (LA) Subject: Press: LA Times - Federal jury decides Middle East bank did not defraud Orange County entrepreneur The LA Times appears to be the first media to report on the verdict. Latham references are highlighted: BUSINESS Federal jury decides Middle East bank did not defraud Orange County entrepreneur<http://fw.to/aXv1QHI> •>>, Ruemmler, Kathy (DC) [Farooq Bajwa] Farooq Bajwa By Andrew Khouri August 11, 2016 HOUSE OVERSIGHT 030098 A federal jury decided Thursday that one of the Middle East's most prominent banks did not commit fraud and steal technology from an Irvine firm that sued it for half a billion dollars in damages after their partnership collapsed. Orange County company InfoSpan had alleged that Emirates NBD ended a partnership for a mobile payment system because it didn't want to share revenue and stole InfoSpan's technology to launch its own service. The Dubai-based bank, in turn, denied it stole or ever used InfoSpan's technology. It argued that it cancelled the partnership because InfoSpan couldn't produce a working product and misled it into t […]