Rakuten Bank, Ltd. v. Royal Bank of Canada

Order, Supreme Court, New York County (Saliann Scarpulla, J.), entered on or about January 26, 2015, which, among other things, granted defendants’ motion to dismiss the complaint on the basis of forum non conveniens, unanimously affirmed, without costs.

In the complaint, plaintiff alleges that defendants fraudulently induced it to purchase certain notes by misrepresenting the credit quality of the notes and their underlying collateral. The motion court weighed the relevant factors and providently exercised its discretion in determining that the action lacks a substantial New York nexus (see…