Wehrs v. Wells

In action alleging that defendant executed unauthorized stock trades, Dist. Ct. did not err in denying defendant's motion to vacate entry of default judgment on issue of liability even though defendant asserted in motion to vacate default judgment general denial of allegations in complaint. Dist. Ct. could properly find that defendant had failed to set forth meritorious defense in motion to vacate where general denial was not supported with any specific facts demonstrating that instant stock trades were authorized. Moreover, Dist. Ct. was not required to allow defendant to file late answer to complaint since failure to file timely answer was basis for entry of default judgment.