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TRUSTEES OF PROPERTY OF PENN CENT. TRANSPORTATION CO. v. CONSOL. RAIL CORP.

Civ. A. No. 76-2.

421 F.Supp. 1055 (1976)

TRUSTEES OF the PROPERTY OF PENN CENTRAL TRANSPORTATION COMPANY, Petitioners, v. CONSOLIDATED RAIL CORPORATION, Respondent.

Special Court, Regional Rail Reorganization Act.

May 14, 1976.

Attorney(s) appearing for the Case

Charles A. Horsky, Washington, D. C. (Brice M. Clagett, and Covington & Burling, Washington, D. C., of counsel), for petitioners.

John G. Harkins, Jr., Philadelphia, Pa. (Alexander Kerr, Laurence Z. Shiekman, and Pepper, Hamilton & Scheetz, Philadelphia, Pa., of counsel), for respondent.

John H. Broadley, Dept. of Justice, Washington, D. C., for intervenor, United States of America.

Before FRIENDLY, Presiding Judge, and WISDOM and THOMSEN, Judges.

FRIENDLY, Presiding Judge:

On April 19, 1976, we heard argument on a motion by the Penn Central Trustees (the Trustees) for an order directing ConRail to deposit with an appropriate escrow agent all proceeds which it received from the National Railroad Passenger Corporation (Amtrak) and, in case such proceeds were received in the form of credits or offsets against amounts payable by ConRail to Amtrak, amounts equivalent...

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