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MERRILL LYNCH & CO. v. VALAT INTERN. HOLDINGS, LTD.

Nos. 3D07-2875, 3D07-3106.

987 So.2d 703 (2008)

MERRILL LYNCH & CO., INC., Appellant, v. VALAT INTERNATIONAL HOLDINGS, LTD., et al., Appellees.

District Court of Appeal of Florida, Third District.

Rehearing Denied August 14, 2008.

Attorney(s) appearing for the Case

Shutts & Bowen and Robert Fracasso, Stephen B. Gillman, and Stephen T. Maher, for appellant.

De la Peña Group and Leoncio E. de la Peña D., Otto de Córdoba, and Tracy Pérez, for appellee, Valat International Holdings, Ltd.

Akerman Senterfitt and J. Thomas Cardwell, Orlando, Katherine E. Giddings, and Nancy M. Wallace, Tallahassee, for amicus curiae, The Florida Bankers Association.

Before RAMIREZ, ROTHENBERG, and SALTER, JJ.

ROTHENBERG, J.

Merrill Lynch & Co., Inc. ("MLC") appeals from a final default judgment in favor of Valat International Holdings, Ltd. ("Valat"), and a non-final order denying its Florida Rule of Civil Procedure 1.540(b) motion for relief from the default judgment. We reverse.

In a separate proceeding, Valat obtained money judgments against three foreign corporations from El Salvador that failed to repay loans made by Hamilton Bank, Valat's predecessor...

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