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BLAKE v. PALLAN

No. 76-2437.

554 F.2d 947 (1977)

Robert BLAKE et al., Plaintiffs, v. Sant PALLAN et al., Defendants-Appellees, v. Willie R. BARNES, Commissioner of Corporations of the State of California, Plaintiff-In-Intervention/Appellant.

United States Court of Appeals, Ninth Circuit.

May 26, 1977.

Attorney(s) appearing for the Case

Bruce S. Flushman, Deputy Atty. Gen., San Francisco, Cal., argued for plaintiff-in-intervention/appellant.

Gerhard Stoll, San Francisco, Cal., argued for defendants-appellees.

Before BARNES and WALLACE, Circuit Judges, and KELLEHER, District Judge.

BARNES, Senior Circuit Judge:

I. FACTS and ISSUES.

In July, 1973, Willie R. Barnes, Commissioner of Corporations of the State of California ("Commissioner"), brought an action in the State Superior Court ("State Action") alleging violations of California Corporate Securities Laws by certain individuals and corporations involved in selling interests in limited partnerships formed ostensibly for the purpose of acquiring and developing land near three small...

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