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IN RE ONECAST MEDIA, INC.

No. 04-35324.

439 F.3d 558 (2006)

In re ONECAST MEDIA, INC. dba Seasonticket.com, Debtor. First Avenue West Building, LLC; First West Building 00, LLC, Appellants, v. Nancy James, in her capacity as Chapter 7 Trustee of Bankruptcy Estate of Onecast Media, Inc. dba Seasonticket.com and Comerica Bank—California, Appellee.

United States Court of Appeals, Ninth Circuit.

Filed February 23, 2006.

Attorney(s) appearing for the Case

John R. Rizzardi and John R. Knapp, Cairncross & Hempelmann, P.S., Seattle, WA, for the appellants.

Andrew A. Guy, Stoel Rives LLP, Seattle, WA, for the appellee.

Before: GOULD and BERZON, Circuit Judges, and SCHWARZER, Senior District Judge.

SCHWARZER, Senior District Judge:

OneCast Media, Inc. (OneCast) held a lease for office space in a building owned by First Avenue West Building, LLC, later acquired by First West Building 00, LLC (the Landlord). The lease was secured by a substantial security deposit comprised of cash and a letter of credit. In November 2000, OneCast ceased paying rent and filed for bankruptcy. Nancy James was appointed bankruptcy trustee for the estate (Trustee) and rejected the...

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