v3360-989

No. 20,228

United States Court of Appeals

For the Ninth Circuit

(treat Western Land and Develop-

ment, Inc., et al.,

AppellaMts,

vs.

Securities and Exchange Commission,

Appellee.

Appeal from the United States District Court;

for the District of Arizona

APPELLANTS' OPENING BRIEF

Rawlins, Ellis, Burrus & Kiewit,

733 Security Building, Phoenix, Arizona,

Attorneys for Appellants,

/*UG2ige;

'^^'^' ^. schm;o

CUrk

PERNAU-WALSH PRINTING CO., SAN FRANCISCO, CALIFORNIA

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archive.org Volume Name: govuscourtsca9briefs3360

Volume: http://archive.org/stream/govuscourtsca9briefs3360

Document Link: http://archive.org/stream/govuscourtsca9briefs3360#page/n988/mode/1up

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