The New York Court of Appeals declined to apply the state's antitrust statute, the Donnelly Act, to business activities conducted in Europe claimed to be anti-competitive. The business activities at issue were found to have only incidental effects in New York. In reversing a split decision of the intermediate appellate court, the Court of Appeals ruled that the Donnelly Act could not have a broader extraterritorial reach than federal antitrust law.
Global Reinsurance Corp. - U.S. Branch v. Equitas Ltd., 2012 Slip Op 02251 (N.Y. Ct. of App. March 27, 2012).