House Oversight — Estate records
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From: jeffrey E. [jeeyacation@gmail.com] Sent: 8/12/2016 4:15:15 AM To: Kathy Ruemmler Subject: Re: Press: LA Times - Federal jury decides Middle East bank did not defraud Orange County entrepreneur Importance: High Flag: Follow up Cool On Thursday, 11 August 2016, Kathy Ruemmler wrote: 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) < Nima (LA) < .>> _____ >, >>, Mohebbi, >, Ruemmler, Kathy (DC) ,iiruno, iicoie >, Harris, Nicole (CH) >, Greenberg, Jeffrey (LA-NY) >>, Bauer, Steve (SF-BR) >>, Moore, Wendy (OC) >>, Jennings, Alex (LA) Robins, Greg (LA) Wine, Jamie 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> [Farooq Bajwa] Farooq Bajwa HOUSE OVERSIGHT 030105 By Andrew Khouri August 11, 2016 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 thinking it was an established company, no […]