IN RE NEW YORK, NEW HAVEN AND HARTFORD RAILROAD CO.

No. 30226.

304 F.Supp. 793 (1969)

In the Matter of the NEW YORK, NEW HAVEN AND HARTFORD RAILROAD COMPANY, Debtor.

United States District Court D. Connecticut.

May 28, 1969.


Attorney(s) appearing for the Case

Elliot L. Richardson, Atty. Gen., for the Commonwealth of Massachusetts.

Wilkie Bushby, Dewey, Ballantine, Bushby, Palmer & Wood, New York City, for Chase Manhattan Bank.

Simpson, Thacher & Bartlett, New York City, for Manufacturers Hanover Trust Co.

Lester C. Migdal, Migdal, Low, Tenney & Glass, New York City, and Lander, Greenfield & Krick, New Haven, Conn., for Bondholders' Committee.

Dennis N. Garvey, New Haven, Conn., Mulholland, Robie & Hickey, Washington, D. C., for Railway Labor Executives' Assn.

Louis J. Lefkowitz, Atty. Gen., Albany, N. Y., for the State of New York.

Hellerstein, Rosier & Rembar, Myron S. Isaacs, New York City, for Oscar Gruss & Son.

Robert M. Schacht, Providence, R. I., for the State of Rhode Island.

Harold Meyerson, Hale, Grant, Meyerson & O'Brien, New York City, for Providence & Worcester Railroad Co.

Paul A. Sweeney, Special Asst. Atty. Gen., Dept. of Justice, Washington, D. C., for the United States.

Walter A. Kernan, Carter, Ledyard & Milburn, New York City, for United States Trust Co. of New York.

Robert K. Killian, Atty. Gen., Samuel Kanell, Special Asst. Atty. Gen., Hartford, Conn., for the State of Connecticut.

Leonard S. Goodmann, Asst. Gen. Counsel, Robert W. Ginnane, Gen. Counsel, Jerome E. Sharfman, Washington, D. C., for Interstate Commerce Commission.

Granville Whittlesey, Jr., Carl E. Newton, Donovan, Leisure, Newton & Irvine, New York City, for Trustee, Per Diem matters.

James Garfield, Choate, Hall & Stewart, Boston, Mass., for Trustee in Boston & Providence matters.

James W. Moore, Robert W. Blanchette, New Haven, Conn., Joseph Auerbach, John N. Worcester, Sullivan & Worcester, Boston, Mass., for Richard Joyce Smith and William J. Kirk.

Roswell P. Perkins, Debevoise, Plimpton, Lyons & Gates, Ulrich Schweitzer, Gen. Corp. Counsel, New York City, Windsor F. Cousins, Richard R. Bongartz, Edwin K. Taylor, Philadelphia, Pa., for Pennsylvania New York Central Transportation Co.

Robert M. Morgenthau, U. S. Atty., David Paget, Asst. U. S. Atty., New York City.

Stephen A. Weiner, Winthrop, Stimson, Putnam & Roberts, New York City, for Irving Trust Co.


MEMORANDUM OF DECISION ON THE ISSUE OF THE PRICE TO BE PAID FOR THE DEBTOR'S ASSETS

ANDERSON, Circuit Judge (sitting by designation).

In 1968 both this, the Reorganization Court, and a statutory Three Judge District Court in the Southern District of New York reviewed the Second and Third (primarily the Second) Supplemental Reports of the Interstate Commerce Commission, 331 I.C.C. 643, 754, this court pursuant to § 77(e) of the Bankruptcy Act, 11 U.S...

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