Case Name: Sergey Grinberg, Respondent, v. Fahnestock & Co., Inc., Appellant
Court: New York Supreme Court, Appellate Division
Jurisdiction: New York
Decision Date: 2005-10-31
Citations: 22 A.D.3d 801
Docket Number: 
Parties: Sergey Grinberg, Respondent, v Fahnestock & Co., Inc., Appellant.
Judges: 
Reporter: Appellate Division Reports
Volume: 22
Pages: 801–802

Head Matter:
Sergey Grinberg, Respondent, v Fahnestock & Co., Inc., Appellant.
[802 NYS2d 628]

Opinion:
In an action to recover damages based on the restraint of certain retirement funds, the defendant appeals, as limited by its brief, from so much of an order of the Supreme Court, Rockland County (Nelson, J.), dated December 7, 2004, as denied its motion to vacate a judgment of the same court, entered August 12, 2004, upon its default in answering.
Ordered that the order is affirmed insofar as appealed from, with costs.
To vacate a judgment entered upon its default in answering, the defendant was required to demonstrate a reasonable excuse for its default and a meritorious defense (see CPLR 5015 [a] [1]; Fekete v Camp Skwere, 16 AD3d 544, 545 [2005]; Caputo v Peton, 13 AD3d 474, 475 [2004]). The defendant failed to do either (see Fekete v Camp Skwere, supra; Caputo v Peton, supra; Contractors Cas. & Sur. Co. v 535 Broadhollow Realty, 276 AD2d 737, 738 [2000]). Accordingly, the Supreme Court providently exercised its discretion in denying the defendant's motion. Schmidt, J.P., S. Miller, Mastro, Spolzino and Lunn, JJ., concur.