On May 14th, a federal district court vacated a $5.72 million default judgment entered against Sonja Anticevic, a 63 year-old retired seamstress living in Croatia, for her alleged role in an insider trading scheme. The SEC alleged that Anticevic, the aunt of one of the scheme's leaders, held two U.S. brokerage accounts through which the scheme was executed, gave permission for the accounts to be used in furtherance of the scheme, and was promised to be paid as a result. Vacating the default judgment the court held that Anticevic made a good faith attempt to respond to the complaint and court orders and had a meritorious defense; she neither knew of, nor authorized her nephew's improper use of her accounts. SEC v. Anticevic.