Personal jurisdiction was never acquired over the directors of defendant Captiva Finance, a Cayman Islands corporation (see CPLR 302 [a] [1]). These directors reside variously in the Caymans, Bermuda, England and Luxembourg, and all except two of them submitted affidavits stating that they conducted their directorial duties outside the State of New York. As for the two directors who attended a Captiva board meeting in New York in December 2000, there was no "substantial...
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