Boas v. Machinery Builders, Inc.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• explaining that the defendant set the terms of the investment transactions, selected the correspondent account in New York it would use, and actively directed the funds at issue into that account, among other things
• finding specific jurisdiction where “the receipt of the transferred funds in New York correspondent bank accounts” was “at the heart of this cause of action”
• “It does not seem prudential to allow foreign creditors to potentially obtain priority over domestic creditors based simply on their foreign status.”
• “The Banks . . . set the terms of each placement transaction. . . . The Banks selected U.S. dollars as the currency in which to execute the transaction. The Banks designated New York correspondent bank accounts to receive the funds[.]”

Source: CourtListener parenthetical corpus (CC0).