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SECURITY-FIRST NAT. BANK v. RINDGE LAND & NAVIGATION CO.

No. 7965.

86 F.2d 3 (1936)

SECURITY-FIRST NAT. BANK OF LOS ANGELES et al. v. RINDGE LAND & NAVIGATION CO.

Circuit Court of Appeals, Ninth Circuit.

October 19, 1936.

Attorney(s) appearing for the Case

Orrick, Palmer & Dahlquist and Garret W. McEnerney, all of San Francisco, Cal., for appellant Pacific States Savings & Loan Co.

Newlin & Ashburn, A. W. Ashburn, Gurney E. Newlin, and Clyde E. Holley, all of Los Angeles, Cal., for appellant Security First Nat. Bank of Los Angeles.

John W. Preston and Agnew & Boekel, all of San Francisco, Cal., Rea, Free & Jacka, of San Jose, Cal., and Marvin Osburn, of Los Angeles, Cal., for appellee Rindge Land & Navigation Co.

Before WILBUR, GARRECHT, and DENMAN, Circuit Judges.

DENMAN, Circuit Judge.

The petition for rehearing asserts that the opinion of the court in effect finds that the bonds were sold by the bondholders' committee to the Pacific States as a result of fraudulent conspiracy and then ignores its finding in reaching its conclusions. No such inference from the findings is warranted. The dealings between the bondholders' committee and the Pacific States were free from any obligation, legal or equitable, to the debtor. In the...

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