We agree with the IAS Court that defendant does not show a reasonable excuse for having failed to serve an answer or oppose the motion for a default judgment. The action, which is based on an Investor Bond Indemnification and Pledge Agreement covering a promissory note that defendant gave to plaintiff surety's principal, an oil and gas limited partnership, in connection with the refinancing of her investment therein was commenced by service of a summons and complaint in November...
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