Diamond Benefits Life Ins. Co. v. Resolute Holdings, Inc.

980 F.2d 737 NOTICE: Ninth Circuit Rule 36-3 provides that dispositions other than opinions or orders designated for publication are not precedential and should not be cited except when relevant under the doctrines of law of the case, res judicata, or collateral estoppel. DIAMOND BENEFITS LIFE INSURANCE COMPANY, an Arizona Corporation in receivership, by and through Lawrence J. Warfield, Special Deputy Receiver for the Diamond Benefits Life Insurance Company, Plaintiff-Appellant, v. RESOLUTE HOLDINGS, INC., a Delaware Corporation; American Universal Insurance Company; Maurice C. Paradis, Receiver of American Universal Insurance Company and Canadian Universal Insurance Company, Inc., Defendants-Appellees. No. 91-16408. United States Court of Appeals, Ninth Circuit. Argued and Submitted Nov. 5, 1992. Decided Nov. 30, 1992. Before GOODWIN, FARRIS and PREGERSON, Circuit Judges. 1 MEMORANDUM * 2 Diamond Benefits Life Insurance Co. ("Diamond Benefits") recorded lis pendens on two California real properties. Preexisting liens on these properties allegedly had been discharged with funds looted from Diamond Benefits by its directors and officers. The district court expunged the lis pendens…