have the inherent equitable power "to prevent abuses, oppression and injustices." Fayemi v. Hambrecht and Quist, Inc., 174 F.R.D. 319 (1997) (citing Gumbel v. Pitkin, 124 U.S. 131, 144 (1888); see also International Products Corp. v. Koons, 325 F.2d 403, 407-08 (2d Cir.1963); Smith v. Annour Phannaceut