HOUSE_OVERSIGHT_026006.jpg
Extracted Text (OCR)
“They wanted SpanCash and they wanted the money,” attorney William A. Isaacson said in his closing
arguments Wednesday.
Isaacson — a partner with powerhouse law firm Boies Schiller & Flexner, chaired by high-profile litigator David
Boies — argued that the bank resorted to “pure extortion” in an attempt to get its way.
As a result of the bank’s criminal complaint, InfoSpan alleged Bajwa’s partner, Larry Scudder, was detained at
the Dubai International Airport and taken to a cell where he was locked in with 30 other men for 19 hours until
he secured his release by turning over his passport.
According to the lawsuit, Bajwa tried to resolve the situation but was told Scudder's passport would be released
and he could leave the country only if InfoSpan gave up ownership and control of SpanCash to the bank.
Six months later, the bank withdrew the fraud accusations and Scudder got his passport back, but SpanCash’s
reputation was tarnished and it collapsed, Bajwa previously told The Times.
The bank disputed that it acquired InfoSpan’s source code or used it at any time.
Former White House counsel and an attorney for the bank, Kathryn Ruemmler, said that Emirates never would
have acquired source code in a joint-partnership deal like the one reached with InfoSpan. She said such
technology would instead be held by a third-party escrow company for the length of the partnership.
In her closing arguments, the partner with global firm Latham & Watkins told the jury that Bajwa and InfoSpan
sold the bank a “bill of goods,” arguing that despite promises to Emirates, the technology never worked and
InfoSpan wasn’t as big a company as it claimed.
The bank cancelled the deal and filed a criminal complaint, not as a form of extortion but simply to regain the
bank’s money after it was misled and doubts grew about the character of InfoSpan’s employees, Ruemmler told
the jury.
“They concluded, definitively, that they had been defrauded,” she said.
Lubna Qassim, group general counsel for Emirates Bank, said in a statement after the verdict that "Emirates
Bank is gratified by today's decision and the opportunity to receive a fair trial in U.S. courts."
Bajwa said the trial has taken a toll on him and he doesn’t know his next steps.
“T am just beat up,” he said.
Phil Hirschkorn contributed to this report.
On Fri, Aug 12, 2016 at 7:23 AM, Weingarten, Reid i> wrote:
Hope she is pleased/happy/satisfied/proud
From: jeffrey E. [mailto:jeevacation@gmail.com]
Sent: Thursday, August 11, 2016 8:16 PM
To: Weingarten, Reid
Subject:
your girl won
please note
The information contained in this communication is
confidential, may be attorney-client privileged, may
constitute inside information, and is intended only for
the use of the addressee. It is the property of
JEE
Unauthorized use, disclosure or copying of this
communication or any part thereof is strictly prohibited
HOUSE_OVERSIGHT_026006
Document Details
| Filename | HOUSE_OVERSIGHT_026006.jpg |
| File Size | 0.0 KB |
| OCR Confidence | 85.0% |
| Has Readable Text | Yes |
| Text Length | 2,928 characters |
| Indexed | 2026-02-04T16:58:13.342997 |