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DREXEL BURNHAM & CO. v. SILVERMAN

75 Misc.2d 904 (1973)

Drexel Burnham & Co., Inc., Plaintiff, v. Jeffrey Silverman et al., Defendants.

Civil Court of the City of New York, New York County.

November 8, 1973

Attorney(s) appearing for the Case

Cariello, Lichterman & Mutterperl (George Mutterperl of counsel), for defendants. Lipkin, Gusrae & Held (Lawrence Entel of counsel), for plaintiff.

BURTON S. SHERMAN, J.

The defendants move to dismiss the complaint claiming lack of in personam jurisdiction which was attempted pursuant to the "long-arm" statute, CPLR 302 (subd. [a], par. 1) and section 404 (subd. [a], par. 1) of the New York City Civil Court Act in an action by a stockbroker to recover an alleged balance due on the purchase of stock.

It is undisputed that the defendants residing in Pennsylvania ordered the purchase of some...

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