Monarch Judgment

SUPREME COURT OF THE STATE OF NEW YDRK PRESENT:

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WALTER B, TOLUB

- NEW Y b PmT

Justice

MQfJARCH CAPITAL FUND, LTD., Phintlff, -v-

ALLAN MARK KLEPFISZ, Dlefiandant.

The following papaw, nirrnbered 1 to ,_ c-4 . q

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Not164 of hllotib,rr/ Order t6 Show Cause Am$Wering Affldsvlts

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ware read on thlls motion talfor

-Affidwlts

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dkhibits

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Replytng Aflfldavits

This action arises in connection with a Settlment Agreement and Releass slgned March 30,2009 (see, Notilce of Motion Exhibit A). By thlq rnotlon, plalntlff moves p for the entry of judgment against the defendant In thg amount of $133,060. In January 2009, plqivtiff commenced nn actloh in thls Court a$ainst defendant under Wsh York CbwYy Index No. 8OOOlQ~2000 sllreklng to recover $225,000, March 30,2069, the partie8 $&led €fits actbq far $$031000 and eatered lntio a Settlement Agreement zrhd Release (the Settlehlbnt Apaernen!), wheraln dbfefldant agreed ta make $10,000 weeltly pslyments to plaintiff until the amount -8 paid In ‘onthty.

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Defendant paid $70,000 tlowarda the settlement agreemdht. Plalntlff claims that dbferndent has hbt made any wcldltlbnql payments slyrce May, 28,2009.

0 1 1 June 8, N O g , In accordance with the tetrns of the Bpttlement agreement, pl@lrltIff@ehta ldQr$o dofettd‘arlt nbtlfying him of his fallwre to make three weekly payments due on Mhay 20, 2009, May 27, 2009, 08. Undelr the terms of the Bettlernetnt Agreement, defendant than had ten days In which ta It (see, Set;tlem@ntAgreemefit n6). Defendant falled to relrlit tha payments, arid plalntlff, ttl~wifigIn accordance wlth It$ right to declare the erftlrb amount of the unpaid settlement amount to be I t p ’ t W ~ ~ hdue, I y (N.) coivtmerrced this action.

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Cilntraty to defeendgnt’9r arguments, the settlerllfhqt a bblyr:8md falls wltkln the ipurvlew of CPLR 3213 ( w e 260213. This Is not changed by the Inclusion bf a gl‘ rneht wlas late, because neither ty tion prrrckdent to repalmwrrt

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