Learn About the Law
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
— A Antoine Khalife, et al., Plaintiffs–Appellants, v. Audi Saradar Private Bank SAL, Defendant–Respondent.
_
Judgment, Supreme Court, New York County (Jeffrey K. Oing, J.), entered June 19, 2014, dismissing the complaint, unanimously affirmed, without costs. Order, same court and Justice, entered June 9, 2014, which granted defendant's motion to dismiss the complaint in its entirety for lack of personal jurisdiction, forum non conveniens, and failure to plead foreign law under CPLR 3016(e), unanimously dismissed, without costs, as subsumed in the appeal from the judgment.
The court properly determined that it lacks personal jurisdiction over the defendant bank because there was no articulable nexus or substantial relationship between the securities transactions executed through defendant bank's omnibus trading account with a U.S. bank account and the freezing of plaintiffs' bank accounts in Lebanon by defendant bank and the Lebanese authorities. Further, none of the four causes of action alleged by plaintiffs contain any element relying upon the U.S. securities transactions (see Licci v. Lebanese Can. Bank, SAL, 20 NY3d 327, 340–341 [2012] ). Instead, all four claims are based solely upon actions taken by defendant bank in Lebanon.
In light of the lack of personal jurisdiction, we need not determine whether the complaint was subject to dismissal on forum non conveniens or CPLR 3016(e) grounds (see Ehrlich–Bober & Co. v. University of Houston, 49 N.Y.2d 574, 579 [1980] ).
_
CLERK
Thank you for your feedback!
As the largest network of trusted legal brands, we help firms build authority across the platforms consumers and AI systems rely on most. Our network helps attorneys strengthen visibility, credibility, and preference where legal decisions begin.
Docket No: 1534 6 1534 6
Decided: June 09, 2015
Court: Supreme Court, Appellate Division, First Department.
Search our directory by legal issue
Enter information in one or both fields (Required)
Harness the power of our directory with your own profile. Select the button below to sign up.
Learn more about FindLaw’s newsletters, including our terms of use and privacy policy.
Get help with your legal needs
FindLaw’s Learn About the Law features thousands of informational articles to help you understand your options. And if you’re ready to hire an attorney, find one in your area who can help.
Search our directory by legal issue
Enter information in one or both fields (Required)