Matthew Schwartz Authors Crain’s New York Op-Ed on Limiting New York Litigation Involving Non-U.S. Companies

May 22, 2017

On May 22, Crain’s New York published an op-ed by Matthew Schwartz titled “How New York can ‘court’ global businesses.” The piece points to recent court rulings by New York federal and state judges refusing to hear cases brought against non-U.S. companies where the underlying facts take place outside of New York. Matthew explains that these rulings benefit the New York economy by reassuring non-U.S. companies that listing their securities on a New York-based stock exchange or doing business in New York will not leave them vulnerable to expensive U.S.-style litigation claims with weak local connections to New York. “Companies maintain offices and do deals in the state in part because they trust our legal system, not fear it,” Matthew concluded. “Reducing litigation exposure for non-New York activities is important to attracting foreign companies to invest here.”