Bank of New York v. Fremont General Corp.

FOR PUBLICATION

UNITED STATES COURT OF APPEALS

FOR THE NINTH CIRCUIT

BANK OF NEW YORK, a banking  corporation organized under law of New York, No. 05-56653 Plaintiff-Appellant, v.  D.C. No.

CV-03-09238-CAS

FREMONT GENERAL CORPORATION, a OPINION California corporation, Defendant-Appellee.  Appeal from the United States District Court for the Central District of California Christina A. Snyder, District Judge, Presiding

Argued July 9, 2007 Submitted August 16, 2007 Pasadena, California

Filed February 1, 2008

Before: Alex Kozinski, Chief Judge, Andrew J. Kleinfeld and Richard C. Tallman, Circuit Judges.

Opinion by Judge Tallman COUNSEL

Robert L. Wallan (argued), Kimberly L. Buffington, Mariah L. Brandt, Pillsbury Winthrop Shaw Pittman LLP, Los Ange- les, California, for appellant Bank of New York.

Michael C. Lieb (argued), Leemore Kushner, Willenken, Wil- son, Loh & Lieb, Los Angeles, California; Iain Nasatir, Pachulski Stang Ziehl Young Jones & Weintraub LLP, Los Angeles, California, for appellee Fremont General Corpora- tion.

John F. Finston, Katherine J. Eddy,…