Lakah et al v. UBS AG et al, No. 1:2007cv02799 - Document 267 (S.D.N.Y. 2014)
Court Description: OPINION re: 263 MOTION for Reconsideration re; 262 Memorandum & Opinion,, of Opinion and Order Entered October 30, 2014. filed by Arab Banking Corporation, National Bank of Abu Dhabi, National Bank of Oman, Exporters In surance Company, Ltd., UBS AG. Respondents UBS AG, Exporters Insurance Co., Ltd., Arab Banking Corp., National Bank of Abu Dhabi, and National Bank of Oman move for reconsideration of my October 30, 2014 Order denying Respondents' motion to give collateral estoppel effect to the Arbitration Award. It is well-established that the standard for granting a motion for reconsideration is "strict"; such a motion "will generally be denied unless the moving party can point to controlling decisions or data that the court overlooked-matters, in other words, that might reasonably be expected to alter the conclusion reached by the court." Shrader v. CSX Transp., Inc., 70 F.3d 255, 257 (2d Cir. 1995). Respondents motio n has presented no material not previously covered in the extensive briefing and attendant oral arguments on their motion to grant collateral estoppel. Therefore, the motion for reconsideration is denied. (Signed by Judge Miriam Goldman Cedarbaum on 11/18/2014) (kgo)
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Lakah et al v. UBS AG et al Doc. 267 UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK ----------------------------------X RAMY LAKAH and MICHEL LAKAH, Petitioners, -against- OPINION 07 Civ. 2799 (MGC) UBS AG, EXPORTERS INSURANCE COMPANY, LTD., ARAB BANKING CORPORATION, NATIONAL BANK OF ABU DHABI, and NATIONAL BANK OF OMAN, Respondents. ----------------------------------X APPEARANCES: SCHRADER & SCHOENBERG, LLP Attorneys for Petitioners 711 Third Avenue, Ste. 1803 New York, NY 10017 By: Bruce A. Schoenberg, Esq. MINTZ, LEVIN, COHN, FERRIS, GLOVSKY AND POPEO, P.C. Attorneys for Respondents 666 Third Avenue, 25th Floor New York, New York 10017 By: Gilbert A. Samberg, Esq. Kevin N. Ainsworth, Esq. David L. Barres, Esq. Dockets.Justia.com Cedarbaum, J. Respondents UBS AG, Exporters Insurance Co., Ltd., Arab Banking Corp., National Bank of Abu Dhabi, and National Bank of Oman move for reconsideration of my October 30, 2014 Order denying Respondents’ motion to give collateral estoppel effect to the Arbitration Award. It is well-established that the standard for granting a motion for reconsideration is “strict”; such a motion “will generally be denied unless the moving party can point to controlling decisions or data that the court overlooked—matters, in other words, that might reasonably be expected to alter the conclusion reached by the court.” Shrader v. CSX Transp., Inc., 70 F.3d 255, 257 (2d Cir. 1995). Respondents’ motion has presented no material not previously covered in the extensive briefing and attendant oral arguments on their motion to grant collateral estoppel. Therefore, the motion for reconsideration is denied. SO ORDERED. Dated: New York, New York November 18, 2014 s/______________________________ MIRIAM GOLDMAN CEDARBAUM United States District Judge 2
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