In Re Rodeo Canon Development Corporation, Debtor. William Warnick Ann Warnick, Individually and as Trustees of the William and Ann Warnick Family Living Trust Alan Warnick Jill Warnick, Appellants-Cross-Appellees v. Fred Yassian Beverly Rodeo Development Corporation, Appellees-Cross-Appellants

362 F.3d 603 In re RODEO CANON DEVELOPMENT CORPORATION, Debtor. William Warnick; Ann Warnick, individually and as Trustees of the William and Ann Warnick Family Living Trust; Alan Warnick; Jill Warnick, Appellants-Cross-Appellees, v. Fred Yassian; Beverly Rodeo Development Corporation, Appellees-Cross-Appellants. No. 02-56999. No. 02-57203. United States Court of Appeals, Ninth Circuit. Argued and Submitted December 2, 2003. Filed March 30, 2004. 1 COPYRIGHT MATERIAL OMITTED Louis J. Khoury, Law Offices of Louis J. Khoury, Los Angeles, CA, for the appellants/cross-appellees. 2 David R. Weinstein, Weinstein, Eisen, Weiss & Rothschild LLP, Los Angeles, CA, for the appellees/cross-appellants. 3 Appeal from the Ninth Circuit Bankruptcy Appellate Panel Marlar, Montali and Perris, Judges, Presiding. BAP No. CC-01-01428 MaMoP. 4 Before: KOZINSKI and NOONAN, Circuit Judges, and SCHWARZER, * Senior District Judge. SCHWARZER, Senior District Judge: 5 This case concerns the proper disposition in bankruptcy court of proceeds from the sale of property, the ownership of which was subject to dispute and in litigation in a pending adversary proceeding. While the debtor held legal title to the…