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FINANCIAL MANAGEMENT ADVISORS v. AMERICAN INTERN. SPECIALITY LINES INS. CO.

No. 06-55001.

506 F.3d 922 (2007)

FINANCIAL MANAGEMENT ADVISORS, LLC, Financial Management Advisors, Inc. and Kenneth D. Malamed, Plaintiffs-Appellants, v. AMERICAN INTERNATIONAL SPECIALTY LINES INSURANCE COMPANY, Defendant-Appellee.

United States Court of Appeals, Ninth Circuit.

Filed November 5, 2007.

Attorney(s) appearing for the Case

David M. Roberts and Jenner C. Tseng, Roberts, Raspe & Blanton LLP, Los Angeles, CA, for the plaintiffs-appellants.

Andrew J. Waxler and Gretchen S. Carner, Waxler, Carner, Weinreb, Brodsky LLP, El Segundo, CA, for the defendant-appellee.

Before: ALEX KOZINSKI and JOHNNIE B. RAWLINSON, Circuit Judges, and MIRIAM GOLDMAN CEDARBAUM, Senior District Judge.

CEDARBAUM, Senior District Judge:

Financial Management Advisors, LLC and Financial Management Advisors, Inc. (collectively, "FMA") and Kenneth D. Malamed appeal from the district court's grant of summary judgment in favor of American International Specialty Lines Insurance Company ("AISLIC"). For the reasons that follow, we reverse that summary judgment and remand for proceedings consistent with this opinion.

Background

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