Barilli v. Sky Solar Holdings, Ltd. et al

Filing 125

ORDER denying 105 Motion for Reconsideration. Accordingly, the motion for reconsideration is denied in its entirety. Docket Entry No. 105 is resolved. (As further set forth in this Order.) (Signed by Judge Laura Taylor Swain on 12/2/2019) (cf)

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UNITED STATES DISTRICT COURT SOUTHERN DISTRICT OF NEW YORK -------------------------------------------------------x ANDREW BARILLI and RONALD PENA, Individually and on Behalf of all Others Similarly Situated, No. 17 CV 4572-LTS-DCF Plaintiffs, -againstSKY SOLAR HOLDINGS, LTD., WEILI SU, JIANMIN WANG, YI ZHANG, XIAOGUANG DUAN, HAO WU, DONGLIANG LIN, ROTH CAPITAL PARTNERS, LLC, and NORTHLAND SECURITIES, INC., ORDER Defendants. -------------------------------------------------------x Before the Court is Plaintiffs’ motion for reconsideration of the Court’s May 23, 2019, Memorandum Opinion and Order (Docket Entry No. 99) dismissing the complaint as against Sky Solar Holdings, LTD., Roth Capital Partners, LLC, and Northland Securities, Inc. (Docket Entry No. 105.) A motion for reconsideration is not “a vehicle for relitigating old issues, presenting the case under new theories . . . or otherwise taking a second bite at the apple.” Analytical Surveys, Inc. v. Tonga Partners, L.P., 684 F.3d 36, 52 (2d Cir. 2012). Indeed, reconsideration is an “extraordinary remedy to be employed sparingly in the interest of finality and conservation of scarce judicial resources.” In re Health Mgmt. Sys. Inc. Sec. Litig., 113 F. Supp. 2d 613, 614 (S.D.N.Y. 2000) (internal quotation marks omitted). To warrant reconsideration, the moving party bears the heavy burden of showing “an intervening change of controlling law, the availability of new evidence, or the need to correct a clear error or prevent a manifest injustice.” Virgin Atlantic Airways, Ltd. v. National Mediation Bd., 956 F.2d 1245, 1255 (2d Cir. 1992) (internal quotation marks omitted). MOT RECON ORD.DOCX VERSION DECEMBER 2, 2019 1 In this motion for reconsideration, Plaintiff reiterates arguments that were previously considered by the Court, offers new arguments that are not based on changes in the controlling law or the discovery of new evidence, identifies no facts in the record that the Court overlooked, and fails to identify any portion of the Court’s decision which was clearly erroneous or manifestly unjust. Accordingly, the motion for reconsideration is denied in its entirety. Docket Entry No. 105 is resolved. SO ORDERED. Dated: New York, New York December 2, 2019 /s/ Laura Taylor Swain LAURA TAYLOR SWAIN United States District Judge MOT RECON ORD.DOCX VERSION DECEMBER 2, 2019 2

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