Environmental Action, Inc. v. Securities And Exchange Commission

895 F.2d 1255 Fed. Sec. L. Rep. P 94,924 ENVIRONMENTAL ACTION, INC., Western Shoshone National Council, Citizen Alert, Inc., Petitioners, v. SECURITIES AND EXCHANGE COMMISSION, Respondent, and Sierra Pacific Resources, Intervenor. No. 88-7132. United States Court of Appeals, Ninth Circuit. Argued and Submitted March 16, 1989. Decided Feb. 9, 1990. Scott Hempling, Environmental Action Foundation, Washington, D.C., Thomas E. Luebben, Luebben and Hughes, Albuquerque, N.M., for petitioners. Paul Gonson, Sol., Jacob H. Stillman, Associate General Counsel, Eric Summergrad, Asst. Gen. Counsel, Katharine Gresham, (argued), Attorney, Securities and Exchange Commission, Washington, D.C., for respondent. Reuben Goldberg, Goldberg, Fieldman & Letham, P.C., Aaron Levy, LeBoeuf, Lamb, Leiby & McRae, Washington, D.C., David J. Marchant, Graham & James, San Francisco, Cal., for Sierra Pacific Resources, intervenor. Petition for Review of an Order of the Securities and Exchange Commission. Before HUG, HALL and O'SCANNLAIN, Circuit Judges. O'SCANNLAIN, Circuit Judge: 1 We review a Securities and Exchange Commission order approving a holding company's acquisition of an interest in an…