Amfac Mortgage Corporation v. Arizona Mall Of Tempe, Inc.

583 F.2d 426 Fed. Sec. L. Rep. P 96,588 AMFAC MORTGAGE CORPORATION, an Oregon Corporation, Plaintiff-Appellant, v. ARIZONA MALL OF TEMPE, INC., a Minnesota Corporation, Watson, Frederick O., and Watson, Jane Doe, his wife, Ericson, Orrin A., and Ericson, Galoris A., his wife, Watson Construction Company, a Minnesota Corporation, Commercial Union Insurance Company, a Massachusetts Corporation, the Ericson Development Co., a Minnesota Corporation, Defendants-Appellees. No. 76-1495. United States Court of Appeals, Ninth Circuit. Oct. 3, 1978. William S. Hawgood, II (argued), Phoenix, Ariz., for plaintiff-appellant. Joseph E. McGarry, Phoenix, Ariz., P. Michael Whipple (argued), Phoenix, Ariz., Frederick J. Martone (argued), of Jennings, Strouss & Salmon, Phoenix, Ariz., David L. White (argued), Phoenix, Ariz., for defendants-appellees. Appeal from the United States District Court for the District of Arizona. Before WALLACE and ANDERSON, Circuit Judges, and WILLIAMS, * District Judge. J. BLAINE ANDERSON, Circuit Judge: 1 This is yet another attempt to convert the securities laws into something which they are not. The securities laws do not afford general relief when commercial…