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PSM HOLDING CORP. v. NAT. FARM FINANCIAL CORP.

Nos. 15-55026, 15-55941, 15-55087, 15-55943, 15-56184.

884 F.3d 812 (2018)

PSM HOLDING CORP., a Corporation, Plaintiff-Appellant, v. NATIONAL FARM FINANCIAL CORPORATION, a Corporation; Business Alliance Insurance Company, a Corporation; Larry P. Chao, an Individual, Defendants-Appellees. PSM Holding Corp., a Corporation, Plaintiff-Appellee, v. National Farm Financial Corporation, a Corporation; Business Alliance Insurance Company, a Corporation; Larry P. Chao, an Individual, Defendants-Appellants.

United States Court of Appeals, Ninth Circuit.

Filed March 7, 2018.

Attorney(s) appearing for the Case

Aluyah I. Imoisili (argued) and Linda Dakin-Grimm , Milbank Tweed Hadley & McCloy, Los Angeles, California, for Plaintiff-Appellant/Cross-Appellee.

Peder K. Batalden (argued) and Mitchell C. Tilner , Horvitz & Levy, Encino, California; Joseph W. Cotchett and Nancy L. Fineman , Cotchett Pitre & McCarthy, Burlingame, California; for Defendants-Appellees/Cross-Appellants.

Before: Stephen Reinhardt, A. Wallace Tashima, and Richard A. Paez, Circuit Judges.

OPINION

At the heart of this case lies a conceptually straightforward, but procedurally complex, question of first impression for our Circuit: Can a judgment creditor, who seizes a judgment debtor's company pursuant to a judgment that is subsequently reversed on appeal, recover in restitution for losses suffered...

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