The opinion of the court was delivered by: Neal P. McCURN, Senior U.S. District Court Judge
MEMORANDUM - DECISION AND ORDER
This is a class action filed pursuant to 29 U.S.C. § 1001, et seq., the Employee Retirement Income Security Act of 1974, as amended ("ERISA"), for severance benefits, breach of fiduciary duty, and violation of ERISA summary plan description ("SPD") requirements. The court has jurisdiction over this matter pursuant to 28 U.S.C. § 1331. Currently before the court is the defendants' motion to reconsider and bifurcate. (Doc. No. 52). For the reasons set forth below, the defendants' motion will be granted in part and denied in part.
The court presumes familiarity with the underlying facts of this litigation pursuant to its decision and order dated May 22, 2007 (Doc. No. 50), and will reiterate those facts only as necessary as context for the present motion. In its decision and order, the court granted the plaintiffs' motion to certify the class, and denied the defendants' motion to dismiss counts two and three of the complaint, and denied the defendants' motion for summary judgment on count one of the complaint.
On May 21, 2007, one day before this court's decision and order, the Supreme Court issued an opinion, discussed below, that purported to change the long-time Rule 12 standard for a motion to dismiss. The defendants now request reconsideration of the court's previous ruling based on this new standard. Defendants also request the court to bifurcate and adjudicate the issue of what the applicable, governing plan documents are in this action, in the interest of judicial economy.
A. Motion for Reconsideration Standard
The decision to grant or deny a motion for reconsideration falls squarely within the discretion of the district court. See Devlin v. Transportation Communications International Union, 175 F.3d 121, 132 (2d Cir.1999). "A motion for reconsideration may be granted upon one of three possible grounds:
(1) an intervening change in law, (2) the availability of evidence not previously available, and (3) the need to correct a clear error of law or prevent manifest injustice." Shannon v. Verizon New York, Inc., 519 F. Supp. 2d 304, 307 (N.D.N.Y. 2007) (citing Doe v. New York City Dept. of Social Servs., 709 F.2d 782, 789 (2d Cir.1983). "[A] motion to reconsider should not be granted where the moving party seeks solely to relitigate an issue already decided." Shrader v. CSX Transportation, Inc., 70 F.3d 255, 257 (2d Cir.1995). Here, the defendants are requesting reconsideration on the basis of an intervening change in the law.
B. Change in Motion to Dismiss Standard
The defendants ask the court to reconsider its decision to deny defendants' motion to dismiss counts two and three of the complaint, pursuant to the Supreme Court's decision in Bell Atlantic Corp. v. Twombley, 127 S.Ct. 1955 (May 21, 2007). The Bell Atlantic decision was rendered one day before this court rendered its decision and order in the case at bar. (Doc. No. 50). In this court's decision, the following standard for a motion to dismiss was set forth:
The function of a motion to dismiss is "merely to assess the legal feasibility of the complaint, not to assay the weight of the evidence which might be offered in support thereof." Ryder Energy Distribution v. Merrill Lynch Commodities, Inc., 748 F.2d 774, 779 (2d Cir.1984). When deciding a motion to dismiss, the court must accept as true the well pleaded allegations of the complaint. Albright v. Oliver, 510 U.S. 266, 268, 114 S.Ct. 807 (1994). In addition, the allegations of the complaint should be construed favorably to the pleader. Scheuer v. Rhodes, 416 U.S. 232, 236, 94 S.Ct 1683 (1973). A complaint should not be dismissed unless it appears beyond doubt that the plaintiff can prove no set of facts in support of his claim which would entitle him to relief. Conley v. Gibson, 355 U.S. 41, 45-46, 78 S.Ct. 99 (1957). (Doc. No. 50 at 24-5).
In the days since the Supreme Court decided Bell Atlantic, this court has altered its motion to dismiss standard to conform to the Court's ruling, and added language from a Second Circuit decision that clarifies the motion to dismiss standard in this circuit. This court has removed the Conley v. Gibson language, supra, in decisions and orders on motions to dismiss since Bell Atlantic, and added language as follows:
"[W]hen a complaint adequately states a claim, it may not be dismissed based on a district court's assessment that the plaintiff will fail to find evidentiary support for his allegations or prove his claim to the satisfaction of the factfinder." Bell Atlantic Corp. V. Twombly, ---U.S. ----, ---- n. 8, 127 S.Ct. 1955, 1969 n. 8, 167 L.Ed.2d 929 (May 21, 2007).*fn1 To meet the standard of adequacy, the complaint should contain "enough facts to state a claim to relief that is plausible on its face." Id. at 1974. The Second Circuit interprets Bell Atlantic not as requiring "a universal standard of heightened fact pleading, but is instead requiring a flexible 'plausibility standard,' which obliges a pleader to ...