The present case comes before the Court on Norton Company’s motion for reconsideration of this Court’s Memorandum-Decision & Order dated February 13, 1995,
I.
On June 6,1988, Norton Company (hereinafter “Norton”) and C-TC 9th Avenue Partnership (hereinafter “debtor”) entered into a Real Estate Purchase Agreement. Under this agreement, Norton agreed to sell and debtor agreed to purchase a certain real property situated in the City of Watervliet and the Town of Coloide, New York (hereinafter “Property”). The conveyance of the Property closed on June 30, 1988 and the debtor gave Norton a short term note in the amount of $879,902.20 due on July 19, 1988 and a long term note in the amount of $2,850,000.00. The debtor also gave Norton a mortgage against the Property in order to secure repayment of that indebtedness.
The debtor, for reasons that are not relevant to the instant inquiry, failed to make any of the payments required by the short and long term notes, and therefore, in November of 1988, Norton commenced an action on the short term note and a mortgage foreclosure action in New York State Supreme Court, Albany County. That litigation proceeded until the Appellate Division, Third Department, issued its decision directing that Norton be allowed to conclude the foreclosure of its mortgage lien and severed the counterclaims of the debtor and Norton’s action on the short term note.
On May 9, 1994, the debtor filed its voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code, 11 U.S.C. § 101 et seq. Shortly thereafter, the debtor commenced the first of the two adversary proceedings captioned above, alleging seventeen new claims against Norton and removed the existing state court action to the Bankruptcy Court. Norton then moved for dismissal of the Chapter 11 case and also for alternative relief including relief from the automatic stay so as to permit Norton to conclude its foreclosure action. Bankruptcy Judge Stosberg has not ruled on Norton’s pending motion but has determined that the motion and the two adversary proceedings should be tried together.
Norton then moved in this Court seeking withdrawal of the reference to the Bankruptcy Judge of the Chapter 11 case and the two adversary proceedings pursuant to 28 U.S.C. § 157(d); abstention pursuant to 28 U.S.C. § 1334(e)(1) and (2); and remand of adversary proceeding no. 94-91114 to the New York State Supreme Court pursuant to 28 U.S.C. § 1452(b).
By a Memorandum-Decision & Order dated February 13, 1995,
Norton now moves for reconsideration of the February 13th Order. On its motion, Norton argues that the Court should dismiss the debtor’s Chapter 11 proceedings since the debtor is not eligible for reorganization under the Bankruptcy Code. Moreover, Norton argues that contrary to this Court’s February 13th Order, this case is one which requires mandatory withdrawal of reference to the Bankruptcy Court.
II.
In order to prevail on a motion for reconsideration, the movant must satisfy stringent requirements. The court’s rulings under such motions are “committed to the sound discretion of the district judge and will
Although Norton has failed to specify the ground(s) upon which it brings the present motion, it is clear that the first two grounds for reconsideration are inapplicable to the matter at hand; there were no intervening changes in the law, nor was there new evidence not previously available. That leaves us with only the third ground; Norton must demonstrate a need to correct a clear error of law or prevent manifest injustice. This, Norton has failed to do.
Turning first to Norton’s mandatory withdrawal argument, the Court notes that Norton’s instant motion does no more than reargue its initial motion with the addition of a few more cites. Norton has failed to ad-vanee an argument which would signal the Court that its prior decision was clearly erroneous or would result in manifest injustice. Motions for reconsideration are not vehicles in which a party may get two bites at the apple, and any litigant considering bringing a motion for reconsideration must evaluate whether what may seem to be a clear error of law is in fact simply a point of disagreement between the Court and the litigant.
Atkins v. Marathon LeTourneau Co.,
As for Norton’s motion seeking reconsideration of the Court’s denial of its motion to dismiss debtor’s Chapter 11 proceeding, such motion is also denied. Motions made on matters properly before the Bankruptcy Court must be dealt with by that court unless and until reference to that court has been withdrawn mandatorily or discretionarily pursuant to 28 U.S.C. § 157(d).
See
28 U.S.C. §§ 157-158. Since reference to the Bankruptcy Court has not yet been withdrawn in the instant case,
see
Memorandum-Decision & Order dated February 13, 1995,
III.
For the stated reasons, Norton’s motion for reconsideration is denied in its entirety.
IT IS SO ORDERED.
