The 3250 Wilshire Boulevard Building the 3250 Wilshire Partners v. W.R. Grace & Company Metropolitan Life Insurance Company

HUG, Circuit Judge:

Appellants, the 3250 Wilshire Building and the 3250 Wilshire Partners (collectively “Wilshire”), appeal the district court’s award of approximately $1.2 million in attorney’s fees and expenses to appellee Metropolitan Life Insurance Company (“Met-Life”). MetLife incurred these expenses in defense of Wilshire’s unsuccessful diversity lawsuit for breach of fiduciary duty, breach of the implied duty of good faith and fair dealing, and fraudulent concealment under California law. The district court concluded that the attorney’s fees were recoverable by MetLife under a Purchase…