American Lease Insurance Agency v. Balboa Capital Corp.

TORRUELLA, Circuit Judge.

This diversity case involves a set of contracts between four corporations, who all agree that New York law governs this action. On one side is defendant-appellee Balboa Capital Corporation (“BCC”), who provides and finances equipment leases for small businesses, and third-party defendant-appellee Balboa Life & Casualty Company (“Balboa Life”), 1 the parent company of the insurance provider Balboa Insurance Company (“Balboa Insurance”). 2 On the other side are plaintiff-appellant American Lease Insurance (“ALI”) and third-party defendant-appellant A.I. Credit Consumer…