Kansallis-Osake-Pankki v. Kouri

OPINION

SWEET, District Judge.

Plaintiff Kansallis-Osake-Pankki (“KOP”) has moved for default judgment against Defendant Pentti J.K. Kouri (“Kouri”) and alternatively for summary judgment pursuant to Rule 56, Fed.R.Civ.P. For the reasons set forth below, both motions are denied at this time.

The Parties

KOP is a prominent Finnish bank authorized to do business in New York and maintaining an office here. Kouri is a Finnish citizen domiciled in Greenwich, Connecticut. He is a majority shareholder of KC Holding Oy (“KC-OY”), a Finnish company formerly known as Kouri Capital Oy.

Prior Proceedings

This…