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BROADWAY FAMOUS PARTY RENTAL v. CIPRIANI 42ND STREET, L. L. C.

289 A.D.2d 45 (2001)

734 N.Y.S.2d 433

BROADWAY FAMOUS PARTY RENTAL, Respondent, v. CIPRIANI 42ND STREET, L. L. C., Appellant. BROADWAY FAMOUS PARTY RENTAL, Respondent, v. CIPRIANI 5TH AVENUE L. L. C., Appellant.

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

Decided December 6, 2001.

Vacatur of the default judgments at issue is precluded by defendant's agreement with plaintiff settling the two actions against it in which the subject default judgments had been obtained by plaintiff. "Stipulations of settlement are favored by the courts and not lightly cast aside" (Hallock v State of New York, 64 N.Y.2d 224, 230; see also, Matter of Guttenplan,

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