IN RE PENN CENTRAL TRANSPORTATION COMPANY

No. 70-347.

335 F.Supp. 835 (1971)

In the Matter of PENN CENTRAL TRANSPORTATION COMPANY, Debtor. In re HARLEM-HUDSON COMMUTER SERVICE; Proposed Agreements with Metropolitan Transportation Authority.

United States District Court, E. D. Pennsylvania.

November 18, 1971.


Attorney(s) appearing for the Case

Blank, Rome, Klaus & Comisky by Marvin Comisky, Philadelphia, Pa., and Robert D. Brooks, New York City, and Robert P. Lipkin, Philadelphia, Pa., for the trustees, Penn Central Transportation Co.

Drinker, Biddle & Reath by Rush T. Haines, II, Philadelphia, Pa., for Chase Manhattan Bank.

Jack B. Justice, Philadelphia, Pa., for Girard Trust Bank.

Morris Brooke, Philadelphia, Pa., and Jones, Day, Cockley & Reavis by Herbert J. Hansell, Cleveland, Ohio, for National Railroad Passenger Corp.

George A. Burnstein, Philadelphia, Pa., for United Transportation Union.

Fox, Rothschild, O'Brien & Frankel by Nochem S. Winnet, Philadelphia, Pa., for First National City Bank of New York.

Dechert, Price & Rhoads by Matthew J. Broderick, Philadelphia, Pa., for Penn Central Co.

Ballard, Spahr, Andrews & Ingersoll by Morris Cheston, Jr., Philadelphia, Pa., for Girard Trust Bank and Morgan Guaranty Trust Co. of New York, as indenture trustees.

Davis, Polk & Wardwell by Stephen H. Case, New York City, for Morgan Guaranty Trust Co. of New York and Manufacturers Hanover Bank, as indenture trustees.

Tate & Ervin by W. Bourne Ruthrauff, and Spencer Ervin, Jr., Philadelphia, Pa., for Richard Joyce Smith, trustee, New York, New Haven & Hartford Railroad.


MEMORANDUM AND ORDER NO. 501

FULLAM, District Judge.

The Trustees have petitioned for approval of a group of proposed agreements between the Trustees, the Metropolitan Transportation Authority and, as to one agreement, National Rail Passenger Service Corporation ("Amtrak") relating to suburban passenger train service on the Harlem-Hudson lines of the Debtor.

By way of background, it may be noted that the Trustees are the owners in fee of the rail...

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