October 18, 2016
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.
August 12, 2016
A U.S. financial technology company failed to convince California federal jurors Thursday that banking giant Emirates NBD owed it $554 million for stealing a cellphone-based payment system that foreign workers could use to send money back home.