Benton Land Fund, L.P. v. NVMercure Ltd. Partnership

MEMORANDUM OPINION

CACHERIS, Chief Judge.

This matter is before the Court on Defendants’ Motion to Set Aside Confessed Judgment or, in the Alternative, Stay Execution. For the reasons that follow, as well as those stated in open court, defendants’ motion is GRANTED.

I

In December of 1993, NVMercure filed suit in Loudon County Circuit Court against Benton Resources, Inc. (“Benton”) and Sun NLF LP (“Sun”) to prevent Benton Resources and Sun from violating what NVMer-cure claimed was their right of first refusal to purchase the Mercure Business Park (“Property”) — 112.7 acres located near Dulles…