ALBANY – New York’s long-arm statute gives state courts jurisdiction to hear a Saudi businessman’s claim that a Swiss bank should be held liable for a kickback and money laundering scheme, a split Court of Appeals ruled Tuesday.

The 4-3 decision reversed two determinations, finding that bank accounts held in New York by Swiss institution Pictet & Cie, which were allegedly used in the scheme, represents a “course of dealing” that exposes the Geneva-based bank to state jurisdiction.

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