Ehrlich-Bober & Co., Inc., Appellant v. University of Houston, Respondent

Summary

The New York Court of Appeals reversed the dismissal of the securities dealer's suit against the University of Houston, holding that New York may exercise jurisdiction over the Texas university in a wholly commercial transaction centered in New York despite Texas's venue restriction, because comity does not preclude such jurisdiction. Justice Jones dissented, arguing that New York should honor Texas's statutory limitation as a matter of comity and sovereign immunity.