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BSR FUND, S.A. v. JAGANNATH

650832/19. Appeal No. 14880. Case No. 2020-02779.

200 A.D.3d 554 (2021)

155 N.Y.S.3d 332

2021 NY Slip Op 07061

BSR Fund, S.A., et al., Appellants, v. Diwakar Jagannath, Defendant, and Ikon Global Holding Company, LLC, et al., Respondents.

Appellate Division of the Supreme Court of New York, First Department.

Decided December 16, 2021.

Attorney(s) appearing for the Case

Coburn & Greenbaum PLLC, New York ( Jonathan W. Greenbaum of counsel), for appellants.

Zeiler Floyd Zadkovich (US) LLP, New York ( Edward W. Floyd of counsel), for Ikon Global Holding Company, LLC, Ikon Global Markets, Inc., FTechnics, Inc., Ikon Europe, Ltd., Ikon Finance, Ltd. and Ikon Atlantic, Ltd., respondents.

Lennon Murphy & Phillips LLC, New York ( Patrick F. Lennon of counsel), for Ioannis Litinas, respondent.

Concur—Kapnick, J.P., Friedman, González, Rodriguez, Pitt, JJ.

The motion court properly concluded that there was no substantial nexus between New York and plaintiffs' action (Islamic Republic of Iran v Pahlavi, 62 N.Y.2d 474, 478-480 [1984], cert denied 469 U.S. 1108 [1985]; Shin-Etsu Chem. Co., Ltd. v ICICI Bank Ltd., 9 A.D.3d 171, 176 [1st Dept 2004]). The dispute is primarily among those defendants and plaintiffs who reside in Greece, the...

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