UNITED STATES DISTRICT COURT EASTERN DISTRICT OF NEW YORK
March 29, 2007
UNITED STATES OF AMERICA, PLAINTIFF,
ABCON ASSOCIATES, ET AL., DEFENDANTS.
The opinion of the court was delivered by: Wexler, District Judge
This is an interpleader action commenced by the United States of America to determine the priority of entitlement to approximately $2.4 million deposited with the Clerk of the Court (the "Fund"). In a memorandum and order dated December 18, 2006, this court ruled upon a motion to determine the priority of claimant New York Community Bank, formerly known as Roslyn Savings Bank ("Roslyn"). That decision held that the lien of New York Community Bank, formerly known as Roslyn Savings Bank, was entitled to priority. In accord with that finding, the motions of all other claims for summary judgment were denied. Presently before the court is the motion of claimant Goldberg & Connolly for reconsideration.
Motions for reconsideration are properly granted only if there is a showing of: (1) an intervening change in controlling law; (2) the availability of new evidence or (3) a need to correct a clear error or prevent manifest injustice. Virgin Atlantic Airways, Ltd. v. National Mediation Board, 956 F.2d 1245, 1255 (2d Cir. 1992); Almonte v. City of Long Beach, 2005 WL 1971014 *1 (E.D.N.Y. 2005). "The standard for granting a motion for reconsideration is strict, and reconsideration will generally be denied unless the moving party can point to controlling decisions or data that the court has overlooked . . . ." Nowacki v. Closson, 2001 WL 175239 *1 (N.D.N.Y. 2001), quoting, Shrader v. CSX Transportation, Inc., 70 F.3d 255, 256-57 (2d Cir. 1995). The burden on the movant is high to ensure finality in decisions, discourage repetitive arguments and to prevent a losing party from rearguing a decision after examination in an attempt to correct prior inadequacies. See id.; see also Altamonte, 2005 WL 1971014 at *1. The party seeking reconsideration may not "advance new facts, issues or arguments not previously presented to the Court." Altamonte, 2005 WL 1971014 at *1 (quoting Morse/Diesel, Inc. v. Fidelity & Deposit Co. of Maryland, 768 F. Supp. 115, 116 (S.D.N.Y. 1991).
The court has considered the submissions of the parties and, upon such consideration in light of the standards referred to above, the court sees no reason to change its prior decision in this matter. Accordingly, the motion for reconsideration is denied.
The motion of Goldberg & Connolly for reconsideration of the memorandum and opinion of this court dated December 18, 2006 is denied. The Clerk of the Court is directed to terminate the motion. The parties are directed to advise the court, within two weeks of the date of this memorandum and order of the status of this litigation.
LEONARD D. WEXLER UNITED STATES DISTRICT JUDGE
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