Emirates Says Jury Already Resolved CEO Extortion Claim

Territorial Court Has Authority To Try Immigrant, 9th Circ. Says
October 18, 2016
Across A Divide On Immigration, Trump Inspires Hope And Fear In A Changing Nevada
October 19, 2016

Law360, New York (October 18, 2016, 8:19 PM EDT) — Banking giant Emirates NBD told a California federal court Monday that a jury verdict has already resolved a U.S. fintech firm’s Unfair Competition Law claims, including allegations that the bank’s CEO extorted and threatened the technology company to steal its cellphone-based payment system.

A California federal jury in August tossed InfoSpan Inc.’s $554 million suit accusing the Dubai-based bank of ripping off its SpanCash system, which allowed people without bank accounts to securely send funds abroad using their cellphones.

Emirates NBD argued Monday that InfoSpan’s request…

Source: Law360