Legal Opinion
Pecarsky v. Galaxiworld.com Ltd.
Court of Appeals for the Second Circuit
Decided May 10, 2001No. Nos. 00-7287(LEAD), 00-7295(CON) and 00-7655(CON)PublishedCited by 305 opinions
1Opinion of the Court
PARKER, Circuit Judge:
I. INTRODUCTION
On this appeal we must determine if the district court abused its discretion in this class action when it entered a default judgment against Galaxiworld in the amount of $22,084,844. In their original complaint, appellees claimed that Jack Banks (“Banks”), Larry Weltman (“Weltman”), and Galaxiworld committed fraud by making a series of material misrepresentations about Galaxiworld’s acquisition and operation of a gambling paper product business. On May 29, 1998, Galaxiworld’s motion to dismiss the complaint in the class action was denied. On January 10,…
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- Eagle Associates v. Bank of MontrealCourt of Appeals for the Second Circuit · 1991
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3Cited by305 opinions
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