New York's long-arm jurisdiction statute does not serve as a basis for jurisdiction. In the context of commercial torts, where the damages are purely economic, the situs of the injury is the location where the event giving rise to the injury occurred, and not where the resulting damages occurred.
U.S. Immigration Fund LLC v. Litowitz, NY Slip Op 02533 (1st Dep't April 30.2020)
Here is the decision.
