(August 1, 2016, 2:08 PM EDT) -- LOS ANGELES — A California appeals panel on July 28 affirmed a lower court’s rejection of an attempt by an environmental organization to “unwind” the stock purchase of a water company by a public water agency (Santa Clarita Organization for Planning and the Environment v. Castaic Lake Water Agency, et al., No. B264284, Calif. App., 2nd Dist., Div. 2).

(Opinion available. Document #95-160811-004Z.)

Castaic Lake Water Agency wholesales water to four retail purveyors: the Santa Clarita Water District, Valencia Water Co., Newhall County Water District and...