Macmay Realty Corp. v. Katz

On the argument of this motion, no affidavit was submitted by or on behalf of the judgment debtor. Instead, his attorney submits a memorandum in which it is conceded that the testimony first given by the judgment debtor was false, the excuse offered being that the judgment debtor when he gave the false testimony did not understand the significance of his answers, but was finally persuaded by his attorney to make a full and complete disclosure and, at a subsequent hearing, he accordingly “ corrected ” his untruthful testimony.

The false testimony by the judgment debtor as to his lack of…