IN RE PENN CENTRAL TRANSPORTATION COMPANY

No. 70-347.

363 F.Supp. 1263 (1973)

In the Matter of PENN CENTRAL TRANSPORTATION COMPANY, Debtor.

United States District Court, E. D. Pennsylvania.

July 3, 1973.


Attorney(s) appearing for the Case

Covington & Burling by Charles Horsky, Washington, D.C., and Robert Blanchette, John De Podesta, Robert Lipkin, Ivan Shomer, John Wallace, and Carl Helmetag, Jr., Philadelphia, Pa., for the trustees, Penn Cent. Trans. Co.

David Berger, P.A. by Michael K. Simon, Philadelphia, Pa., for Penn Cent. Co.

James William Moore, New Haven, Conn., Sullivan & Worcester by Joseph Auerbach, and Morris Raker, Boston, Mass., and Gratz, Tate, Spiegel, Ervin & Ruthrauff by Spencer Ervin, Jr., and Wilbur Bourne Ruthrauff, Philadelphia, Pa., for Richard Joyce Smith, trustee, New York, New Haven & Hartford Railroad Co.

Ballard, Spahr, Andrews & Ingersoll by Frederic L. Ballard, Richardson Blair, and Alan Fellheimer, Philadelphia, Pa., for Girard Trust Bank, indenture trustee

John C. McTiernan, Albany, N.Y., for Commissioner of Transp., State of New York.

Shearman & Sterling by Robert H. MacKinnon, New York City, and Fox, Rothschild, O'Brien & Frankel by Nochem S. Winnet, Philadelphia, Pa., for First National City Bank of New York.

Kelley, Drye, Warren, Clark, Carr & Ellis by Edward Roberts, III, and Robert J. Minyard, New York City, for Manufacturers Hanover Trust Co., as indenture trustee.

Davis, Polk & Wardwell by Richard M. Berman, and Harvey Goldman, New York City, for Morgan Guaranty Trust Co. of New York, as indenture trustee.

Winthrop, Stimson, Putnam & Roberts by Edward A. Christensen, New York City, for Irving Trust Co., as indenture trustee.

Debevoise, Plimpton, Lyons & Gates by Michael Patterson, New York City, for Provident National Bank and A. Wakelee Swartz, trustees.

Reed, Smith, Shaw & McClay by Andrew N. Farley, Pittsburgh, Pa., for Mellon Bank, N.A.

White & Case by Barry S. Greene, New York City, for Bankers Trust Co., as indenture trustee.

Carter, Ledyard & Milburn by Jonathan Ross Harkavy, and Thomas G. O'Brien, III, New York City, for United States Trust Co. of New York.

Proskauer, Rose, Goetz & Mendelsohn by Philip M. Hahn, New York City, for The Bank of New York.

Drinker, Biddle & Reath by Jack B. Justice, Philadelphia, Pa., for Chase Manhattan Bank.

Duane, Morris & Heckscher by Reeder R. Fox, Philadelphia, Pa., for U. S. Steel Corp. and John Hancock Mutual Life Ins. Co.

Royall, Koegel & Wells by William R. Glendon, and William J. O'Brien, II, New York City, for Committee of Interline Railroads.

Mulholland, Hickey & Lyman by Edward J. Hickey, Jr., William J. Hickey, Geoffrey N. Zeh, and William E. Freidenberger, Jr., Washington, D.C., for Railway Labor Executives Association.

T. P. Shearer, Pittsburgh, Pa., for Cooperative Legislative Committee, Railroad Brotherhoods of Commonwealth of Pennsylvania.

Willkie, Farr & Gallagher by Walter H. Brown, Jr., and Thomas L. Bryan, New York City, and Ballard, Spahr, Andrews & Ingersoll by Frederic L. Ballard, Philadelphia, Pa., for Institutional Investors, Penn Central Group.

Leon Leighton, New York City, for Mahoning Coal Railroad minority stock-holders.

Albert D. Brandon, Pittsburgh, Pa., for City of Pittsburgh.

Gordon P. MacDougall, Washington, D.C., for Commonwealth of Pennsylvania.

Fritz R. Kahn, Washington, D.C., for Interstate Commerce Commission.

John B. Wilson, Alfred N. Lowenstein, and Phillip P. Kalodner, Harrisburg, Pa., for Pennsylvania Public Utility Commission.

John B. Nason, III, Philadelphia, Pa., for Congress of Railway Unions.

James F. Dausch, Dept. of Justice, and Jerome Sharfman, Dept. of Trans., for the United States of America.

John P. Sheridan, Jr., Deputy Atty. Gen., Trenton, N.J., for State of New Jersey.


MEMORANDUM AND ORDER NO. 1261

FULLAM, District Judge.

On March 6, 1973, this Court entered Order No. 1137, 355 F.Supp. 1343, fixing a hearing for July 2, 1973, and directing the Trustees to submit at that hearing either a feasible plan of reorganization of the Debtor, or their proposals for liquidation or other disposition of the enterprise. That hearing has now been held. The Trustees have filed a plan of reorganization...

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