Defendants' argument that the judgment of foreclosure and sale should be vacated pursuant to CPLR 5015(a)(1) is unavailing, as the record reveals that defendants, through their counsel, consented to the entry of summary judgment in plaintiff's favor by attorney stipulation. The court properly declined to set aside the stipulation. Defendants contend that their counsel lacked authority to enter into a stipulation consenting to summary judgment, but a settlement agreement signed by an attorney may bind a client even where it exceeds the attorney's actual authority, if the attorney had apparent authority to enter into the agreement. Defendants failed to present any evidence that their former counsel, their attorney of record at the time of the stipulation, lacked apparent authority to sign the stipulation on their behalf. He was fully authorized to appear in the action on defendants' behalf and was in regular contact with them at all relevant times. In any event, defendants ratified the terms of the stipulation by failing to object to it for more than a year.
Defendants alternatively argue that judgment should be vacated in the interests of justice based on the payment they made to plaintiff, which they believed was for the purpose of curing their default, but that issue is unrelated to whether the stipulation is binding.
Global Bank v. 43 Mott Realty Owner, LLC, NY Slip Op 01125 (1st Dep't February 26, 2026)