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  5. 246 F.Supp.2d 231 (2002)
 

STATE STREET BANK AND TRUST CO. v. INVERSIONES ERRAZURIZ LIMIT.

No. 01 Civ. 3201(RLC).

246 F.Supp.2d 231 (2002)

STATE STREET BANK AND TRUST COMPANY, Plaintiff, v. INVERSIONES ERRAZURIZ LIMITADA (f/k/a Inversiones Errazuriz S.A.), et al., Defendants.

United States District Court, S.D. New York.

November 5, 2002.

Attorney(s) appearing for the Case

Debevoise & Plimpton, New York City (Joseph P. Moodhe, of counsel), for Plaintiff.

Law Offices of Michael B. Wolk, P.C., New York City (Michael B. Wolk, of counsel), for Defendants.

OPINION

ROBERT L. CARTER, District Judge.

This litigation concerns the propriety of a default judgment issued against defendants on November 30, 2001, for $140 million. Defendants filed a motion to vacate the default on December 19, 2001, asserting that the default was not willful, along with some nine allegedly meritorious counterclaim defenses and a contention that the vacatur of the default judgment would not prejudice the plaintiff. On February 4, 2002...

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