“Reasonable & Fair? Recent evidence reveals Mr. Iehab to be someone quite different.
In the trial of Playsafe (Mr. Iehab = Chairman, President & CEO and Fadi = Board Member) vs United Medical, where Playsafe had ZERO sales, Mr. Iehab sued for breach of contract and faud, seeking $10.5 million. That does not seem reasonable. The Jury agreed, finding 12 – 0 against Playsafe on all its claims.
The appellate court also upheld the following statement from the trial court:
“In granting the motion, the trial court concluded that “the evidence that Hawatmeh and Nora abused the corporate structure of PlaySafe to, in effect, operate it as their personal bank account is overwhelming. They effectively looted the corporation by taking out more than $1 million in loans over a 13 month period rendering PlaySafe effectively insolvent. Indeed, PlaySafe had only been capitalized with a total of $700,000. The suggestion that these loans were approved by ‘independent directors’ is belied completely by the evidence.”
The words “loot”, “abused”, and “personal” do not reflect reasonable or fair.
Egocentric is probably a better word to describe Mr. Iehab. Egocentrism - a personality characteristic in which people see themselves and their interests and opinions as the only ones that really matter.
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