In the Matter of the NEW YORK, NEW HAVEN AND HARTFORD RAILROAD COMPANY, Debtor.
ALCO PRODUCTS, INC., et al., Appellants,
v.
TRUSTEES OF the PROPERTY OF the NEW YORK, NEW HAVEN AND HARTFORD RAILROAD COMPANY, et al., Appellees.
United States Court of Appeals Second Circuit.https://leagle.com/images/logo.png
Argued September 18, 1968.
Decided December 9, 1968.
Attorney(s) appearing for the Case
Donald N. Dirks (Davis, Polk & Wardwell), New York City, for appellant Alco Products, Inc.
John F. Hunt, Jr., New York City (Cravath, Swaine & Moore, Michael G. Wolfson, New York City, of counsel), for appellants Bethlehem Steel Corp., Westinghouse Air Brake Co., and Westinghouse Electric Corp.
John W. Barnett, New Haven, Conn. (Wiggin & Dana, William J. Egan, New Haven, Conn., of counsel), for appellants American Brake Shoe Co. and fourteen others.
Jerome H. Shapiro (Gerald E. Dwyer, New York City), for appellants The New York Central R.R.) Co. (now known as The Pennsylvania New York Central Transp. Co.) and The Pittsburgh & L. E. R. R. Co.
Arthur Latimer, New Haven, Conn. (Tyler, Cooper, Grant, Bowerman & Keefe, Richard G. Bell, New Haven, Conn., on the brief), for appellant Texaco, Inc.
George F. Carroll, Jr., Norwalk, Conn., for appellant Burroughs Corp.
Falsey, Shay and Del Sole, Frank M. Grazioso, New Haven, Conn., for appellant L. A. Clarke & Son, Inc.
Robert W. Blanchette, New Haven, Conn. (James Wm. Moore and Robert W. Blanchette, Joseph W. Bishop, Jr., Seymour N. Weinstein, New Haven, Conn., of counsel), for appellees Richard Joyce Smith and William J. Kirk, trustees of the property of The New York, N. H. and H. R. R. Co., debtor.
Albert X. Bader, Jr., New York City (Simpson Thacher & Bartlett, Horace J. McAfee, John J. McGraw, New York City, of counsel), for appellee Manufacturers Hanover Trust Co., as corporate trustee under the first and refunding mortgage of The New York, N. H. and H. R. R. Co.
Wilkie Bushby (Dewey, Ballantine, Bushby, Palmer & Wood, New York City), for appellee The Chase Manhattan Bank, as corporate trustee under the debtor's general income mortgage.
Lawrence W. Pollack (Migdal, Low, Tenney & Glass, New York City), for appellee New York, N. H. and H. R. R. Co., first mortgage 4% bondholders committee.
Walter A. Kernan (Carter, Ledyard & Milburn, New York City), for appellee United States Trust Co., as trustee under the debtor's first mortgage.
Before LUMBARD, Chief Judge, WATERMAN and HAYS, Circuit Judges.
United States Court of Appeals Second Circuit.
HAYS, Circuit Judge:
Appellants, unsecured creditors of The New York, New Haven and Hartford Railroad Company, the debtor in reorganization, filed timely claims in the railroad's reorganization proceedings for preferential treatment in the distribution of assets. Relying on the six-months rule they claim a priority aggregating $4,670,300.91 for services, parts and supplies. After a hearing the district court denied preferential treatment. We affirm.
The six...
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