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d-23434House OversightFinancial Record

Federal jury finds Emirates NBD not liable in $540M InfoSpan tech theft case; former White House counsel involved

Date
November 11, 2025
Source
House Oversight
Reference
House Oversight #030098
Pages
3
Persons
1

Summary

The passage links high‑profile legal actors (former White House counsel Kathryn Ruemmler, Boies Schiller partner William Isaacson) and a sovereign‑wealth‑fund‑backed UAE bank to a multi‑hundred‑millio InfoSpan sued Emirates NBD for $540 million alleging theft of mobile‑payment technology (SpanCash). Federal jury ruled in favor of Emirates NBD, finding no proof of fraud or trade‑secret theft. Forme

This document is from the House Oversight Committee Releases.

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technology-transferfinancial-flowwhite-house-counseluae-bankingforeign-influencecriminal-complainttechnology-theftsovereign-wealth-fundlegal-exposuremoderate-importancehouse-oversightlegal-proceedingscrossborder-dispute
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