Stephenson Ex Rel. Estate of MJK Clearing, Inc. v. El-Batrawi
Court of Appeals for the Eighth Circuit
1Opinion of the Court
GRITZNER, District Judge.
Ramy El-Batrawi (El-Batrawi) appeals the decisions of the district court denying El-Batrawi’s motion to set aside default, granting a motion for default judgment in favor of the Trustee for the Estate of MJK Clearing, Inc. (MJK Trustee) and against El-Batrawi, and entering a money judgment against El-Batrawi in the amount of $67.5 million. We affirm in part, and remand for further proceedings regarding the determination of the damages.
1. BACKGROUND
The financial transactions underlying the claims herein are many, intricate and complex. For purposes of this appeal from…
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