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ACTION S.A. v. MARC RICH & CO., INC.

No. 228, Docket 91-7528.

951 F.2d 504 (1991)

ACTION S.A. and Deltamar Establishment, Plaintiffs-Appellees, v. MARC RICH & CO., INC. and Marc Rich, Defendants, Marc Rich, Defendant-Appellant.

United States Court of Appeals, Second Circuit.

Decided December 11, 1991.

Attorney(s) appearing for the Case

Daniel J. Beller, New York City (Paul, Weiss, Rifkind, Wharton & Garrison, Doreen Le Pichon, Gidon M. Caine, Jill M. Wheaton, of counsel), for plaintiffs-appellees.

Andrew L. Deutsch, New York City (Milgrim Thomajan & Lee P.C., Carol M. Fischer, Robert A. Meister, of counsel), for defendant-appellant.

Before LUMBARD, WINTER and ALTIMARI, Circuit Judges.

LUMBARD, Circuit Judge:

Marc Rich appeals from a default judgment in the District Court for the Southern District of New York, Griesa, Judge, for $6,306,714.51, consisting of $1,696,460.26 in compensatory damages, $4,110,254.25 in interest, and $500,000.00 in punitive damages. Rich presents three arguments in support of reversal: first, that the district court lacked subject matter jurisdiction; alternatively, that the default should be set aside to allow him...

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