Cribb v. Matlock Communications, Inc.

This appeal from the Seventeenth Judicial District, in and for the County of Valley, concerns the District Court’s denial of a motion to set aside an entry of default under Rule 55(c), M.R.Civ.P. The only issue is whether the lower court abused its discretion in denying the motion. We reverse.

The relevant facts are as follows: respondents Cribbs, and Wrights, *29(Cribbs) agreed to sell their stock in Glasgow Publishing Company, a corporation, to Matlock Communications, Inc., owned by Stephen J. Matlock. Cribbs exchanged the company’s stock for promissory notes and other consideration from…