The court denies the motion to transfer the case from the Virgin Islands, finding that the plaintiffs, Epstein and Financial Trust, have strong ties to the community and that the defendants will not suffer great inconvenience by litigating there. The court also finds that the amended complaint adequately states claims under Federal Rule of Civil Procedure 12(b)(6), and that Virgin Islands law, not New York law, governs the lawsuit. The court rejects the defendants' reliance on New York's Martin Act, stating it does not apply to the plaintiffs' claims of negligent misrepresentation and breach of fiduciary duty.
doj/DataSet10/EFTA01386028.pdf
{"key_people":["Jeffrey Epstein"],"document_type":"legal","key_locations":["Virgin Islands","New York"],"document_subtype":"court opinion","key_organizations":["Financial Trust","AIG"]}