<html><head></head><body><div style="color:#000; background-color:#fff; font-family:garamond, new york, times, serif;font-size:16px"><div id="yui_3_16_0_1_1457467283621_233154"><b style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif;" id="yui_3_16_0_1_1457467283621_234134"><span style="font-size:20.0pt;" id="yui_3_16_0_1_1457467283621_234133">And the federal government is planning on giving Westlands a $375+ million bailout...</span></b></div><div id="yui_3_16_0_1_1457467283621_233154"><br></div><div id="yui_3_16_0_1_1457467283621_233154"><b style="font-family: HelveticaNeue, 'Helvetica Neue', Helvetica, Arial, 'Lucida Grande', sans-serif;" id="yui_3_16_0_1_1457467283621_234175"><span style="font-size:20.0pt;" id="yui_3_16_0_1_1457467283621_234174"><span style="color:#1155CC;text-decoration:none;" id="yui_3_16_0_1_1457467283621_234173"><a rel="nofollow" target="_blank" href="http://www.foxnews.com/us/2016/03/10/largest-california-water-district-fined-for-misleading-investors.html" id="yui_3_16_0_1_1457467283621_234172">Largest
California water district fined for misleading investors</a></span></span></b><br></div><div class="qtdSeparateBR"><br><br></div><div class="yahoo_quoted" id="yui_3_16_0_1_1457467283621_233227" style="display: block;"><div style="font-family: garamond, new york, times, serif; font-size: 16px;" id="yui_3_16_0_1_1457467283621_233226"><div style="font-family: HelveticaNeue, Helvetica Neue, Helvetica, Arial, Lucida Grande, sans-serif; font-size: 16px;" id="yui_3_16_0_1_1457467283621_233225"><div class="y_msg_container" id="yui_3_16_0_1_1457467283621_233235"><div id="yiv1483151638"><div id="yui_3_16_0_1_1457467283621_233234"><div class="yiv1483151638WordSection1" id="yui_3_16_0_1_1457467283621_233233">
<div class="yiv1483151638MsoNormal" style="line-height:15.6pt;" id="yui_3_16_0_1_1457467283621_234182"><span style="font-size:10.0pt;color:#777777;">Fox News</span><span style="font-size:10.0pt;" id="yui_3_16_0_1_1457467283621_234184"> - 5 hours ago</span></div>
<div class="yiv1483151638MsoNormal" style="line-height:14.4pt;" id="yui_3_16_0_1_1457467283621_234186"><span style="font-size:10.0pt;" id="yui_3_16_0_1_1457467283621_234188">FRESNO, Calif. – Federal regulators issued a rare fine Wednesday to the nation's largest agricultural water district for misleading bond investors
about the district's financial circumstances. ADVERTISEMENT. Thomas Birmingham, general manager of
<b>...</b> </span></div>
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<span style="font-size:20.0pt;"><a rel="nofollow" target="_blank" href="http://www.wsj.com/articles/sec-issues-record-fine-to-californias-largest-agricultural-water-district-1457565499" title=""Wall Street Journal" t " title-off=""><span style="color:#1155CC;text-decoration:none;"><img border="0" width="80" height="80" id="yiv1483151638Picture_x0020_1" src="cid:image001.jpg@01D17A81.013B2C00" alt="https://t2.gstatic.com/images?q=tbn:ANd9GcQqCViBYXsfNbj2xBUqQehshwAR5wvgCAOkfYoObLVN63pO--pWcWPo0JxXvARipUKzRaM6OKc" data-id="38d80829-1958-b23a-a567-54651644c34b"></span></a></span><span style="font-size:20.0pt;"></span></div>
<div class="yiv1483151638MsoNormal" style=""><b><span style="font-size:20.0pt;"><a rel="nofollow" target="_blank" href="http://www.wsj.com/articles/sec-issues-record-fine-to-californias-largest-agricultural-water-district-1457565499"><span style="color:#1155CC;text-decoration:none;">SEC
Issues Record Fine to California's Largest Agricultural Water District</span></a></span></b><b><span style="font-size:12.5pt;">
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<div class="yiv1483151638MsoNormal" style="line-height:15.6pt;"><span style="font-size:10.0pt;color:#777777;">Wall Street Journal</span><span style="font-size:10.0pt;"> - 12 hours ago</span></div>
<div class="yiv1483151638MsoNormal" style="line-height:14.4pt;"><span style="font-size:10.0pt;">LOS ANGELES—California's sustained drought has set another record, this time with the U.S. Securities and Exchange Commission. The SEC on Wednesday
fined California's largest agricultural water district $125,000 to settle civil charges that it misled ...
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<a rel="nofollow" target="_blank" href="http://www.bloomberg.com/news/articles/2016-03-09/a-little-enron-accounting-puts-water-district-in-sec-hot-water" title=""Bloomberg" t " title-off=""><span style="font-size:10.0pt;color:#1155CC;text-decoration:none;"><img border="0" width="80" height="80" id="yiv1483151638Picture_x0020_3" src="cid:image002.jpg@01D17A81.013B2C00" alt="https://t3.gstatic.com/images?q=tbn:ANd9GcRw-yUsfk887cp8DX3nxPW4P4UcxAhp8k5FCR7FpQhMpkUPIN6he7AwGJ-2dd-Ue6EWOLB62jYW" data-id="c6fff9f4-2281-d175-b16a-063884366cd4"></span></a><span style="font-size:10.0pt;"></span></div>
<div class="yiv1483151638MsoNormal" style=""><b><span style="font-size:20.0pt;"><a rel="nofollow" target="_blank" href="http://www.bloomberg.com/news/articles/2016-03-09/a-little-enron-accounting-puts-water-district-in-sec-hot-water"><span style="color:#1155CC;text-decoration:none;">A
Little Enron Accounting Puts Water District in Hot Water</span></a> </span></b></div>
<div class="yiv1483151638MsoNormal" style="line-height:15.6pt;" id="yui_3_16_0_1_1457467283621_233272"><span style="font-size:10.0pt;color:#777777;">Bloomberg</span><span style="font-size:10.0pt;"> - 14 hours ago</span></div>
<div class="yiv1483151638MsoNormal" style="line-height:14.4pt;" id="yui_3_16_0_1_1457467283621_233269"><span style="font-size:10.0pt;" id="yui_3_16_0_1_1457467283621_233268">California's largest agricultural water district misled investors who bought $77 million of municipal bonds by using accounting tricks to mask how
much its finances were being squeezed by a drought gripping the state, the U.S. Securities and Exchange ...
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<a rel="nofollow" target="_blank" href="http://www.latimes.com/business/la-fi-westlands-sec-20160309-story.html" title=""Los Angeles Times" t " title-off=""><span style="font-size:10.0pt;color:#1155CC;text-decoration:none;"><img border="0" width="80" height="80" id="yiv1483151638Picture_x0020_4" src="cid:image003.jpg@01D17A81.013B2C00" alt="https://t2.gstatic.com/images?q=tbn:ANd9GcSMp3Qe4Uc_nIOrQJ0bG4ye4TimWuVg0vHRpyWGYTsXGY2QjnAVXdTkFwGvyJO-K3WWsOHBjCc" data-id="cba6e5e9-df3f-a0c8-e535-d9e755ad9f5c"></span></a><span style="font-size:10.0pt;"></span></div>
<div class="yiv1483151638MsoNormal" style=""><b><span style="font-size:20.0pt;"><a rel="nofollow" target="_blank" href="http://www.latimes.com/business/la-fi-westlands-sec-20160309-story.html"><span style="color:#1155CC;text-decoration:none;">California's
largest water district, accused of misleading investors, settles with the SEC</span></a>
</span></b></div>
<div class="yiv1483151638MsoNormal" style="line-height:15.6pt;"><span style="font-size:10.0pt;color:#777777;">Los Angeles Times</span><span style="font-size:10.0pt;"> - 13 hours ago</span></div>
<div class="yiv1483151638MsoNormal" style="line-height:14.4pt;"><span style="font-size:10.0pt;">A sprawling Central Valley water district run by some of the state's wealthiest growers papered over its drought-related financial struggles and
misled investors, federal regulators said Wednesday. The Westlands Water District shifted about $8.3
<b>...</b> </span></div>
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<a rel="nofollow" target="_blank" href="http://www.ibtimes.com/westlands-water-district-nations-largest-agricultural-water-district-hit-rare-federal-2333733" title=""International Business Times" t " title-off=""><span style="font-size:10.0pt;color:#1155CC;text-decoration:none;"><img border="0" width="80" height="80" id="yiv1483151638Picture_x0020_5" src="cid:image004.jpg@01D17A81.013B2C00" alt="https://t2.gstatic.com/images?q=tbn:ANd9GcRFNvnY_q87sdzI3AUGQwjHkGtJGAfrmJssA01muyNIRan8mZEoUBHPqsbPmo21uJhHf5Yvmng" data-id="adcf07b3-2c53-ddf4-913f-5a2c255c4262"></span></a><span style="font-size:10.0pt;"></span></div>
<div class="yiv1483151638MsoNormal" style=""><b><span style="font-size:20.0pt;"><a rel="nofollow" target="_blank" href="http://www.ibtimes.com/westlands-water-district-nations-largest-agricultural-water-district-hit-rare-federal-2333733"><span style="color:#1155CC;text-decoration:none;">Westlands
Water District, Nation's Largest Agricultural Water District, Hit With Rare Federal Fine</span></a>
</span></b></div>
<div class="yiv1483151638MsoNormal" style="line-height:15.6pt;"><span style="font-size:10.0pt;color:#777777;">International Business Times</span><span style="font-size:10.0pt;"> - 5 hours ago</span></div>
<div class="yiv1483151638MsoNormal" style="line-height:14.4pt;"><span style="font-size:10.0pt;">california central valley The California Aqueduct and farm fields are seen in the Central Valley in Coalinga, California, May 6, 2015. Photo: REUTERS/Lucy
Nicholson. The U.S. Securities and Exchange Commission on Wednesday levied a $125,000 fine on ...
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<h2><span style="font-size:20.0pt;"><a rel="nofollow" target="_blank" href="http://www.reuters.com/article/sec-municipalbonds-penalty-idUSL1N16H1ZH"><span class="yiv1483151638titletext2"><span style="color:#1155CC;text-decoration:none;">UPDATE 1-SEC imposes
rare, record penalty on municipal bond issuer</span></span></a> </span></h2>
<div class="yiv1483151638MsoNormal" style="line-height:15.6pt;"><span style="font-size:10.0pt;color:#777777;">Reuters</span><span style="font-size:10.0pt;"> -
<span class="yiv1483151638date1">14 hours ago</span></span></div>
<div class="yiv1483151638MsoNormal" style="line-height:14.4pt;"><span style="font-size:10.0pt;">(Adds Westlands statement). By Jonathan Stempel. March 9 The U.S. Securities and Exchange Commission on Wednesday fined a municipal bond issuer for
only the second time, accusing California's largest agricultural water district of overstating its ...
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<span style="font-size:20.0pt;"><a rel="nofollow" target="_blank" href="http://www.lawyerherald.com/articles/38138/20160310/westlands-water-district-fined-sec-misleading-investors-financial-circumstances.htm" title=""Lawyer Herald" t " title-off=""><span style="color:#1155CC;text-decoration:none;"><img border="0" width="80" height="80" id="yiv1483151638Picture_x0020_15" src="cid:image005.jpg@01D17A81.013B2C00" alt="https://t2.gstatic.com/images?q=tbn:ANd9GcS7PaLf2zTMRSMjEvO9UTZ2qM7vze7KwE9qXFXwJ2MAioQ3DdalhmIyTr-ZPD5tz5Of5PZTbU4" data-id="765b21ba-c470-023d-ee88-4c472575d62f"></span></a></span><span style="font-size:20.0pt;"></span></div>
<h2><span style="font-size:20.0pt;"><a rel="nofollow" target="_blank" href="http://www.lawyerherald.com/articles/38138/20160310/westlands-water-district-fined-sec-misleading-investors-financial-circumstances.htm" id="yiv1483151638MAA4AEgGUABgAWoCdXM"><span class="yiv1483151638titletext2"><span style="color:#1155CC;text-decoration:none;">Westlands
Water District fined by SEC for misleading investors of financial circumstances</span></span></a>
</span></h2>
<div class="yiv1483151638MsoNormal" style="line-height:15.6pt;"><span style="font-size:10.0pt;color:#777777;">Lawyer Herald</span><span style="font-size:10.0pt;"> -
<span class="yiv1483151638date1">3 hours ago</span></span></div>
<div class="yiv1483151638MsoNormal" style="line-height:14.4pt;"><span style="font-size:10.0pt;">BAKERSFIELD, CA - MAY 08: Carlos Garcia, a Kern County ditch tender, adjusts a canal gate on May 8, 2008 near Bakersfield, California. Opening of
the Kern County reserve wells began earlier this week. Urgent calls for California residents to conserve ...
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<span style="font-size:20.0pt;"><a rel="nofollow" target="_blank" href="http://www.ocregister.com/articles/water-707519-district-westlands.html" title=""OCRegister" t " title-off=""><span style="color:#1155CC;text-decoration:none;"><img border="0" width="80" height="80" id="yiv1483151638Picture_x0020_16" src="cid:image006.jpg@01D17A81.013B2C00" alt="https://t1.gstatic.com/images?q=tbn:ANd9GcQJRHFm8lCDXoiZSWS-TcPbJebgFqhHAultkaC2eYAcvl3Ojx70ws4-A78nPwDKVlGBeVSxuQP8" data-id="3e567825-9ead-6bc4-2115-7bd4533402ee"></span></a></span><span style="font-size:20.0pt;"></span></div>
<h2><span style="font-size:20.0pt;"><a rel="nofollow" target="_blank" href="http://www.ocregister.com/articles/water-707519-district-westlands.html" id="yiv1483151638MAA4AEgHUABgAWoCdXM"><span class="yiv1483151638titletext2"><span style="color:#1155CC;text-decoration:none;">Regulators
fine major California water district, saying it overstated its finances</span></span></a>
</span></h2>
<div class="yiv1483151638MsoNormal" style="line-height:15.6pt;"><span style="font-size:10.0pt;color:#777777;">OCRegister</span><span style="font-size:10.0pt;"> -
<span class="yiv1483151638date1">10 hours ago</span></span></div>
<div class="yiv1483151638MsoNormal" style="line-height:14.4pt;"><span style="font-size:10.0pt;">Jean Errotabere checks the flow of water provided by the Westlands Water District in this Feb. 27, 2001, file photo taken at Errotabere's ranch in
Riverdale. Westlands encompasses 600,000 acres on the west side of the San Joaquin Valley in Fresno and ...
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