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AM. TRANSIT INS. CO. v. SAVINO

197 A.D.2d 489 (1993)

603 N.Y.S.2d 43

American Transit Insurance Company, Respondent, v. Joseph A. Savino, Jr., et al., Appellants, et al., Defendants

Appellate Division of the Supreme Court of the State of New York, First Department.

October 28, 1993

The IAS Court properly denied appealing defendants' motion to vacate the default judgment of $531,131.59 entered against defendant Joseph A. Savino, Jr. and two corporate entities controlled by him, since movants failed to establish that the default was excusable and that a meritorious defense existed to this action seeking damages for movants' misappropriation of reinsurance premium payments made to them (see, McCaffrey v Persuad, 195 A.D.2d...

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