Scheckter v. Ryan
Appellate Division of the Supreme Court of the State of New York
1Opinion of the Court
Order, Supreme Court, New York County (Myriam J. Altman, J.), entered January 31, 1989, which denied defendant’s motion to vacate a judgment entered by confession, without prejudice to the commencement of a plenary action, unanimously affirmed, without costs.
*345During the period March 1985 through October 1986, plaintiffs maintained brokerage accounts at Shearson Lehman Brothers which were serviced by defendant. On August 14, 1987 defendant executed an affidavit of confession of judgment in which he admitted that while acting as account representative on plaintiffs’ accounts, he made…
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