In the Matter of LEHIGH VALLEY RAILROAD COMPANY, Debtor.
In re Proceedings for the REORGANIZATION OF A RAILROAD.
United States District Court, E. D. Pennsylvania.https://leagle.com/images/logo.png
July 2, 1974.
July 2, 1974.
Attorney(s) appearing for the Case
Duane, Morris & Heckscher by William R. Traub, and Robert L. Pratter, Philadelphia, Pa., for the trustees, Lehigh Valley Railroad Co., debtor.
Richard R. Bongartz, Philadelphia, Pa., for the trustees, Penn Cent. Trans. Co.
Michael Haley, for the U. S. Dept. of Trans.
Wilmer, Cutler & Pickering by Barry E. Carter, Washington, D. C., for U. S. Railway Ass'n.
Sullivan & Worcester by David M. Schwartz, Washington, D. C., for Lehigh Coal & Navigation Co.
Shearman & Sterling by John E. Hoffman, Jr., and Matthew C. Gruskin, New York City, for First National City Bank of New York, as indenture trustee.
Stern, Maxmin & Stern by I. Jerome Stern, Philadelphia, Pa., for A. C. Speyer, Jr., bondholder, Lehigh Valley Harbor Terminal.
Morgan, Lewis & Bockius by Edward B. Cloues, II, Philadelphia, Pa., for The Fidelity Bank and Manufacturers Hanover Trust Co.
Storey, Barnett, Hayes & Quinn by William P. Quinn, Philadelphia, Pa., for Delaware & Hudson Railway Co.
T. P. Shearer, Pittsburgh, Pa., for United Trans. Union.
Gordon P. MacDougall, Washington, D. C., for the Commonwealth of Pennsylvania.
Leroy D. Touchton, Trenton, N. J., for the State of New Jersey.
Ballard, Spahr, Andrews & Ingersoll by Oliver Caldwell Biddle, Philadelphia, Pa., for indenture trustees.
Alfred N. Lowenstein, Harrisburg, Pa., for Pennsylvania Public Utility Commission.
Mulholland, Hickey & Lyman by Geoffrey N. Zeh., Washington, D. C., for Railway Labor Executives' Ass'n.
United States District Court, E. D. Pennsylvania.
MEMORANDUM IN SUPPORT OF FINDINGS AND ORDER NO. 252 PURSUANT TO § 207(b) of the Regional Rail Reorganization Act of 1973
FULLAM, District Judge.
I have entered Findings and Order No. 252, directing that the Lehigh Valley reorganization not proceed pursuant to the provisions of the Regional Rail Reorganization Act of 1973 (hereinafter "RRRA" or the "Act") because that statute fails to provide a process which would be fair and equitable to the Debttor...
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