COVELLO, District Judge.
This is an appeal from a decision of the United States District Court for the Southern District of New York, (Lewis A. Kaplan, Judge), vacating and reducing the monetary portions of default judgments previously entered against the appellants, Gucci America, Inc. ("Gucci") and Guess?, Inc. ("Guess"). The appellants filed this appeal, arguing that the district court erred in reducing the amount of the original default judgments. The issue...
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