Greenfield v. Kandeel CA2/5
Jarallah was a member of a wealthy Saudi Arabian family. In 1999, he was an undergraduate engineering and economics student at the University of Southern California. He met Kandeel, an economics Ph.D. student and teaching assistant, in an economics department computer lab and they became friends.
While at USC, Jarallah started a company called Native Names which “had the technology for typing website addresses in different languages.” Mohammad financed the company. Jarallah hired Kandeel as Native Names’ director of business development. Jarallah was satisfied with Kandeel’s performance and Mohammad was very satisfied with his investment in the company. Other successful business ventures involving Jarallah and Kandeel followed.
In 2004, Mohammad asked Jarallah to manage the family investment portfolio which, at that time, was worth from $800 million to $1 billion.
Comments on Greenfield v. Kandeel CA2/5