United States District Court, W.D. Louisiana, Lafayette Division
JOSEPH CLYDE POTIER, ET AL.
JBS LIBERTY SECURITIES, INC., ET AL.
HANNA MAGISTRATE JUDGE
REBECCA F. DOHERTY UNITED STATES DISTRICT JUDGE
Pending before this Court is the "Motion for New Trial and Alternative Motion to Amend or Alter Judgment" [Doc. 98] filed by plaintiffs Joseph Clyde and Potier and Glenda Potier. Rather vaguely, the plaintiffs "submit [their motion] relating to the Court's Ruling dismissing Plaintiffs claims against [defendant] American General Securities, Inc. ["AGSI"] as time barred, with prejudice. Alternatively, Plaintiffs move for an order altering or amending the dismissal with prejudice to reflect a dismissal without prejudice because all of Plaintiffs' claims can be pled timely with amendment." The motion is opposed by AGSI [Doc. 100], For the following reasons, the motion is DENIED.
I. Factual and Procedural History
The factual and procedural history have been set forth in detail in the September 29, 2014 Report and Recommendation issued by the magistrate judge and adopted by this Court on October 24, 2014 and, therefore, will not be repeated here. What is relevant for the purposes of this motion are the following procedural facts:
• AGSI filed a Motion to Compel Arbitration and Dismiss Proceedings, or Alternatively, Motion to Dismiss Pursuant to Fed.R.Civ.P. 12(b)(6) [Doc.73], seeking a judgment of dismissal of all claims against AGSI or, alternatively, an order staying the proceedings against AGSI pending arbitration on the basis of an arbitration agreement.
• On September 29, 2014, Magistrate Judge Hanna issued a Report and Recommendation [Doc. 88] recommending AGSI's motion to dismiss be granted on grounds plaintiffs' state and federal law claims were time-barred and AGSI's motion to compel arbitration be pretermitted. Plaintiffs did not file an objection to Magistrate Judge Banna's Report and Recommendation.
• After making an independent review of the record and noting the absence of objection to dismissal of AGSI's claims, this Court adopted Magistrate Judge Hanna's findings and conclusions and dismissed all claims against AGSI, without prejudice, by Judgment issued on October 24, 2014 [Doc. 89].
• On November 21, 2014, AGSI filed a motion to alter and/or amend the October 24, 2014 Judgment pursuant to Fed.R.Civ.P. 59(e) [Doc. 92] solely for the purpose of requesting that the dismissal of plaintiffs' claims against AGSI be "with prejudice" as opposed to "without prejudice." The plaintiffs did not oppose AGSI's motion.
• On January 8, 2015, after noting the absence of opposition to AGSI's Rule 59(e) motion and finding that the motion "appeared] to be well-grounded in law and fact, " this Court granted the requested relief and amended its October 24, 2014 Judgment to reflect AGSI's dismissal as being one "with prejudice" [Doc. 97].
II. Law and Analysis
District courts have substantial discretion in determining whether to grant or deny a motion to alter or amend judgment pursuant to Rule 59(e). See Weber v. Roadway Express, Inc., 199 F.3d 270, 276 (5th Cir. 2000); EdwardH. Bohlin Co., Inc. v. Banning Co., Inc., 6 F.3d 350, 355 (5th Cir. 1993). Nevertheless, the jurisprudence shows Rule 59(e) recognizes only three grounds on which to alter or amend reasons for judgment: (1) an intervening change in controlling law; (2) the availability of new evidence not previously available; or (3) the need to correct a clear error of law or fact or to prevent a manifest injustice. Schiller v. Physicians Resource Group, Inc., 342 F.3d 563, 566 (5th Cir. 2003). The Fifth Circuit recognizes as a general rule that reconsideration of a judgment after its entry is an extraordinary remedy that should be used sparingly. Templet v. HydroChem, Inc., 367 F.3d 473, 479 (5th Cir. 2004), citing Clancy v. Employers Health Ins. Co., 101 F.Supp.2d 463, 465 (E.D. La. 2000).
A motion to alter or amend judgment "is not the proper vehicle for rehashing evidence, legal theories, or arguments that could have been offered or raised prior to the entry of judgment." Templet v. HydroChem, Inc., 367 F.3d 473, 479 (5th Cir. 2004). Rather, Rule 59(e) "serve[s] the narrow purpose of allowing a party to correct manifest errors of law or fact or to present newly discovered evidence." "[A]n unexcused failure to present evidence available at the time of summary judgment provides a valid basis for denying a subsequent motion for reconsideration." Id.
In the instant motion, the plaintiffs vaguely seek a "new trial" "relating to the Court's Ruling dismissing plaintiffs' claims" against AGSI as time-barred with prejudice, or alternatively, seek an order amending the dismissal of all claims against AGSO with prejudice to a dismissal of all claims against AGSI without prejudice. However, in their motion, the plaintiffs do not present or identify a specific error in this Court's January 8, 2015 Order - the order that dismissed the claims against AGSI with prejudice. Rather, plaintiffs merely re-hash legal arguments presented in opposition to AGSI's original motion to dismiss, arguments that were considered and rejected by the magistrate judge in issuing his Report and Recommendation, and arguments that were considered again by this Court in entering Judgment on the motion. The law is well-settled that a motion to alter or ...