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Home / Opinion Digests / Default Set Aside in Loan Guaranty Suit (access required)

Default Set Aside in Loan Guaranty Suit (access required)

A Roanoke U.S. District Court grants defendants’ motion to set aside default judgment in a suit filed by plaintiff company to recover the balance of a loan that defendants had guaranteed on behalf of Lehman Brothers Bank FSB. Applying the factors of Payne v. Brake, 439 F.3d 198 (4th Cir. 2006), the court concludes that good ...