Avanza Group, LLC v. Investment Mgt. Group, LLC

2025 NY Slip Op 02303 · Appellate Division, Second Judicial Department · April 23, 2025 · No. Index No. 611469/21

Summary

The Appellate Division, Second Department affirmed the Supreme Court's denial of the defendants' motion pursuant to CPLR 5015(a) to vacate a default judgment entered against them for failing to appear or answer the complaint. The court determined that the defendants' conclusory allegations of law office failure were insufficient to demonstrate a reasonable excuse for their default, rendering it unnecessary to evaluate whether they presented a potentially meritorious defense. The underlying dispute involved a breach of contract claim stemming from a merchant agreement for the purchase of receivables.

Court
Appellate Division, Second Judicial Department
Writing for the Court
Betsy Barros, J.P.; Lara J. Genovesi; Janice A. Taylor; Donna-Marie E. Golia, JJ.
Jurisdiction
New York
Decision date
April 23, 2025
Docket number
Index No. 611469/21
Procedural posture
Appeal from order of the Supreme Court, Nassau County denying defendants' motion to vacate a default judgment under CPLR 5015(a).
Precedential value
Published
Parties
Investment Management Group, LLC, et al. v. Avanza Group, LLC
Disposition
affirmed

Topics

default judgmentcivil procedurebreach of contractcontractscommercial litigation

Practice areas

civil procedurecontractscommercial litigation

Questions Presented

  1. Whether the defendants demonstrated a reasonable excuse for their default under CPLR 5015(a) to vacate the default judgment.

Holdings

  1. The motion to vacate was denied because the defendants failed to show a reasonable excuse for their default.

Key quotations

'[a] defendant seeking to vacate a default in appearing in the action or answering the complaint must show both a reasonable excuse for the default and a potentially meritorious defense'

Factual background

In May 2021 the plaintiff and the defendants entered a written merchant agreement for the purchase of $299,800 of receivables for $200,000. The defendants failed to appear or answer the complaint after being served. The trial court entered a default judgment for the plaintiff on Dec. 1, 2021. The defendants subsequently moved to vacate the judgment under CPLR 5015(a).

Procedural history

The plaintiff and defendants entered a merchant agreement; defendants failed to appear, resulting in a default judgment on Dec. 1, 2021. Defendants moved to vacate the judgment under CPLR 5015(a); the trial court denied the motion on July 7, 2022. The defendants appealed.

Court Document

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