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SOUTH COAST SERVICES CORP. v. SANTA ANA VALLEY, ETC.

No. 78-1964.

669 F.2d 1265 (1982)

SOUTH COAST SERVICES CORP., a California corporation, et al., Plaintiffs-Appellants. v. SANTA ANA VALLEY IRRIGATION CO., et al., Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Decided February 4, 1982.

Dissenting Opinion Filed February 24, 1982.

Rehearing and Rehearing Denied May 11, 1982.

Attorney(s) appearing for the Case

Frederic J. Milberg, William S. Lerach, Milberg, Weiss, Bershad & Specthrie, San Diego, Cal., for plaintiffs-appellants.

Thomas S. Salinger, Rutan & Tucker, Santa Ana, Cal., for defendants-appellees.

Before KENNEDY, FLETCHER, and POOLE, Circuit Judges.

Rehearing and Rehearing En Banc Denied May 11, 1982.

POOLE, Circuit Judge:

This lawsuit concerns the adequacy of proxy statements soliciting shareholder approval of the sale of the assets of Santa Ana Valley Irrigation Company (SAVI) to Intercoast Investments, Inc. (Intercoast). Plaintiffs-Appellants, invoking this court's jurisdiction under 28 U.S.C. § 1291 (1976), appeal from an order of the District Court for the Central District of California denying...

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