Pretty close though. The story goes that Mamoru Nagano (L-Gaim's character and mecha designer) had a spat with Yoshiyuki Tomino (L-Gaim director), and created Five Star Stories based on L-Gaim.
@kurzwaltz messer and that story is nonsense. FSS was started because kadokawa asked him to make an L-gaim storybook for them, FSS reincorporated many ideas from the "original" L-gaim which Nagano created as a draft for the TV show, as well as many new ideas. It's not unlike an MSV, or Aura Phantasm. In the forbes interview, he seems to have nothing but positive words about tomino.