The opinion of the court was delivered by: Ronald L. Ellis, United States Magistrate Judge
MEMORANDUM OPINION AND ORDER
On November 21, 2008, the undersigned granted the City's renewed motion for an order compelling HIP to produce cost and experience data relating to its accounts. Now pending before the Court is HIP's motion for reconsideration. (Doc. No. 98.) For the reasons that follow, HIP's motion is DENIED.
The Court presumes general familiarity with the facts, discovery history, and claims underlying the instant antitrust action, wherein the City of New York has brought suit against Group Health, Incorporated ("GHI"); HIP Foundation, Inc.; and Health Insurance Plan of Greater New York (latter two defendants, collectively "HIP") seeking temporary and permanent injunctive relief to prevent the merger of GHI and HIP, providers of health insurance. (Compl. ¶ 1.) Defendants deny that the affiliation will have an anti-competitive effect on the relevant health insurance market. (See HIP Answer at 7.)
In its Motion for Reconsideration, HIP asserts that the Court's November 2008 Opinion (see Doc. No. 97)*fn1 undervalued the harm that would be done to HIP and those it insures by ordering disclosure of the cost and experience data to the City because the Opinion "overlooked (I) the Court's own prior finding with respect to the sensitivity of this information and (ii) the Strassberg Declaration that supported that finding." (Mem. of Law of Defs. HIP Foundation, Inc. & Health Insurance Plan of Greater New York in Supp. of Their Mot. for Recons. of the Nov. 21, 2008 Order Directing Produc. of Cost and Experience Information ("HIP's Mem."), Dec. 12, 2008 at 3, 7.) The City responds and asserts that the Court clearly considered HIP's concerns about the confidentiality of the information and that HIP is merely trying to reargue the correctness of the Court's balancing. (Pl.'s Mem. of Law in Opp'n to HIP Defs.' Mot. for Recons. ("City's Opp'n"), Dec. 22, 2008.)
To prevail on a motion for reconsideration, a movant must show that the court overlooked factual matters or controlling precedent "that might have materially influenced its earlier decision." Robins v. Max Mara, U.S.A., Inc., 923 F. Supp. 460, 473 (S.D.N.Y. 1996) (citing Morser v. AT&T Info. Sys., 715 F. Supp. 516, 517 (S.D.N.Y. 1989)). This criteria is strictly construed against the moving party. See Monaghan v. SZS 33 Assoc., L.P., 153 F.R.D. 60, 65 (S.D.N.Y. 1994); New York News Inc. v. Newspaper and Mail Deliverers' Union of New York, 139 F.R.D. 294, 294-95 (S.D.N.Y. 1991),aff'd, 972 F.2d 482 (2d Cir. 1992). A motion for reconsideration is not a "forum for new theories or for 'plugging the gaps of a lost motion with additional matters.'" CMNY Capital, L.P. v. Deloitte & Touche, 821 F. Supp. 152, 162 (S.D.N.Y. 1993)(citing McMahan & Co. v. Donaldson, Lufkin & Jenrette Sec. Corp., 727 F. Supp. 833, 833 (S.D.N.Y. 1989)). Further, reconsideration is not a vehicle for the losing party to argue that "the Court improperly weighed and construed the facts." See Davidson v. Scully, 172 F. Supp. 2d 458, 463 (S.D.N.Y. 2001). Motions for reconsideration lie within the sound discretion of the district court. McCarthy v. Manson, 714 F.2d 234, 237 (2d Cir. 1983); see also FED. R. CIV. P. 72(a); LOCAL CIV. R. 6.3 (providing instruction on content and service of motions for reconsideration).
B. The Opinion Did Not Overlook Facts, Testimony, or Controlling Legal Precedent
HIP argues that a plain reading of the Opinion demonstrates that the Court overlooked previously submitted factual matter and controlling legal authority. (Reply Mem. of Law of Defs. HIP Foundation, Inc. & Health Insurance Plan of Greater New York in Supp. of Their Mot. for Recons. of the Nov. 21, 2008 Order Directing Produc. of Cost and Experience Information ("HIP's Reply"), Dec. 30, 2008.) Specifically, HIP quotes from the Opinion, wherein the Court recognized that HIP did not focus on its argument of the harm it would face if its data was produced to the City in their opposition to the City's renewed motion.*fn2 HIP concludes that the Court's subsequent finding that the balance of interests weighs in favor of producing HIP's data to the City was based on the Court mistakenly determining that the argument was not being offered here as grounds for continuing to protect the HIP data. (HIP's Mem. at 2; HIP's Reply at 2.) HIP posits that if the Court did not recognize the same harms to HIP resulting from disclosure that it "correctly understood and evaluated" (HIP's Mem. at 3) and found compelling in the 2007 Opinion, then "one side of the scale is incorrectly seen as being empty," and the balancing could not possibly be correctly assessed (HIP's Reply at 2-3). HIP concludes that when its countervailing harm is given its due weight, there were insufficient grounds for the Court to depart from its conclusion in the 2007 Opinion. (HIP's Reply at 5.) Further, HIP argues that because the Court did not engage in a discussion or analysis of the risks of commercial harm, those concerns must not have been properly weighed, and the mere reference to adverse selection in a footnote "hardly shows that they were considered." (HIP's Reply at 4 n.1 (referencing Opinion at 12 n.10).) This is simply incorrect. The Court concluded that the protective order in place adequately addressed this issue.
C. Nothing Presented in HIP's Motion Materially Alters the Court's November 2008 Decision
HIP maintains that the Court failed to give proper attention to the harm it will face if its data is disclosed to the City, and this failure led to an incomplete balancing of the interests and the incorrect result. While HIP presents more extensive argument on the nature and severity of the harm it will face if its data is disclosed, it ultimately disagrees with the Court's conclusion. (HIP's Mem. at 1-6, 10; HIP's Reply at 4.) This is not a basis to grant reconsideration.
HIP also argues that the limited probative value to the City of its cost and experience data, in contrast to the dangers of adverse selection and the public policy discouraging this type of production, should result in the scales tipping in favor of nondisclosure. (HIP's Mem. at 3, 7.) Again, this is an argument that the Court did not properly weigh factors, not that such factors were overlooked, and provides no basis for reconsideration. Similarly, HIP's argument that the Court should have resolved the dispute between the ...