ALARCON, Circuit Judge:
This is a diversity action under California law based on an alleged breach of an insurance contract. F. S. Smithers and Co. (Smithers) appeals from the district court's order granting summary judgment in favor of Federal Insurance Co. (Federal) and denying Smithers' motion for summary judgment. We affirm.
FACTS
The Bond
Smithers was a financial service company that operated a retail securities business...
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