Appaloosa Investment, L.P.I. v. J.P. Morgan Securities, Inc.

The opinion of the court was delivered by

COBURN, P.J.A.D.

Defendant Barriek Gold Corporation moved for dismissal of plaintiffs’ complaint for lack of personal jurisdiction. The trial court denied the motion, and we granted Barriek leave to appeal. Barriek is located in Canada and its stock is traded on the Toronto stock exchange in Canada and on the New York Stock Exchange. As of the filing of the complaint, its only continuous conduct in New Jersey was the use of a New Jersey company to act as a transfer agent in relation to its publicly traded stock and the use of other New Jersey companies…