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LAIRD v. I. C. C.

No. 82-3076.

691 F.2d 147 (1982)

Frank J. LAIRD, Petitioner, v. INTERSTATE COMMERCE COMMISSION and United States of America, Respondents, The Kansas City Southern Railway Company, Intervenor.

United States Court of Appeals, Third Circuit.

Decided October 14, 1982.

Attorney(s) appearing for the Case

William F. Baxter, Asst. Atty. Gen., John J. Powers, III, Kenneth P. Kolson, Attys., Dept. of Justice, Washington, D. C., Tom P. Monteverde, (argued), Albert W. Sheppard, Jr., Monteverde, Hemphill, Maschmeyer & Obert, Philadelphia, Pa., for petitioner.

John Broadley, Gen. Counsel, Ellen D. Hanson, Associate Gen. Counsel, Edward J. O'Meara (argued), Atty., I. C. C., Washington, D. C., for respondents.

Michael J. Glasheen (argued), Stephen W. Miller, Mary M. Rogers, Clark, Ladner, Fortenbaugh & Young, Philadelphia, Pa., for intervenor.

Before ALDISERT and HIGGINBOTHAM, Circuit Judges, and MEANOR, District Judge.

OPINION OF THE COURT

ALDISERT, Circuit Judge.

This petition, filed by a protesting minority shareholder, asks us to review the Interstate Commerce Commission's approval of a transaction of the Kansas City Southern Railway Company involving a reverse stock split coupled with the purchase of any resulting fractional shares. We are required to decide: whether there is substantial evidence in the record as a whole to support the Commission's findings that the...

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