MATTER OF CHICAGO, R. I. & P. R. CO.

No. 75B2697.

469 F.Supp. 769 (1978)

In the Matter of CHICAGO, ROCK ISLAND AND PACIFIC RAILROAD COMPANY, Debtor.

United States District Court, N. D. Illinois, E. D.

October 25, 1978.


Attorney(s) appearing for the Case

Norman H. Nachman, Nachman, Munitz & Sweig, Chicago, Ill., for debtor.

Robert L. Bombaugh, Jenner & Block, Chicago, Ill., for Henry Crown, et al.

Terry F. Moritz, William W. Darrow, Isham, Lincoln & Beale, Chicago, Ill., for First National Bank.

Phillip D. Levey, Chicago, Ill., for American Telephone and Telegraph Co.

Milton L. Fisher, Mayer, Brown & Platt, Chicago, Ill., for Northern Trust Co. and Continental Illinois National Bank & Trust Co. of Chicago.

James J. Clarke, Chicago, Ill., for North American Car Corp.

James F. Ashenden, Jr., O'Keefe, Ashenden & Lyons, Chicago, Ill., for Southern Pacific Transportation Co. and St. Louis Southwestern Railway Co.

Michael K. Williams, Chicago, Ill., for Amoco Oil.

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

Charles H. White, Jr., Interstate Commerce Commission, Washington, D. C., Irving S. Fishman, Gary L. Prior, McDermott, Will & Emery, Chicago, Ill., for Greyhound Leasing & Financial Corp.

Secretary of the Treasury, Washington, D. C., Interstate Commerce Commission, Chicago, Ill., John J. Naughton, Chicago, Ill.,for United Transportation Union.

Howard Joseph, Chicago, Ill., for Sumitomio Shoji America New York Corp.

John B. Huck, Chapman & Cutler, Chicago, Ill., for CIT Corp.

Leonard Schanfield, Rosenthal & Schanfield, Chicago, Ill., for U. S. Railway Equipment Co., et al.

William G. Mahoney, Washington, D. C., for Railway Labor Executive Assn., et al.

Thomas A. Woodley, Mulholland, Hickey & Lyman, Washington, D. C., for Railway Employes' Department, AFL-CIO.

White & Case, New York City, for Bankers Trust Co.

Burton E. Ericson, Burditt & Calkins, Chicago, Ill., for Continental Leasing Corp. and Intermodal Transp. Systems, Inc.

Nicholas G. Manos, Chicago, Ill., for William M. Gibbons, Trustee, Rock Island Railroad.

Thomas B. Burch, Vice President-Investment Counsel, Metropolitan Life Insurance Company, New York City, for Metropolitan Life Ins. Co.

Robert S. Steiner, Transportation Regulation Board, Des Moines, Iowa, for the Iowa Transportation Regulation Board.

Martin M. Lucente, Sidley & Austin, Chicago, Ill., for Burlington Northern, Union Tank Car Co., Atchison, Topeka & Santa Fe Ry. Co., Denver & Rio Grande Western, Illinois Central Gulf Railroad, Norfolk & Western Railway, Western Pacific Railroad.

Pedersen & Houpt, Chicago, Ill., for North American Car Corp.

Harold E. Spencer, Belnap, McCarthy, Spencer, Sweeney & Harkaway, Chicago, Ill., for Pullman Transport Leasing.

Stephen M. Neumer, Katten, Muchin, Gitles, Zavis, Pearl & Galler, Chicago, Ill., for Precision National Leasing Corp.

Jeremiah Marsh, Hopkins, Sutter, Mulroy, Davis & Cromartie, Chicago, Ill., for Regional Transportation Authority.

Raymond K. Merrill, Vice President — Law, Chicago, Ill., for Chicago, Milwaukee, St. Paul & Pacific Railroad Co.


MEMORANDUM OPINION AND ORDER

McGARR, District Judge.

The trustee of the debtor, Chicago, Rock Island and Pacific Railroad has petitioned this court for authority to sell certain of its lines and other property and interests to Southern Pacific Transportation Company ("Southern Pacific"), and for approval of such sale pursuant to Section 77(o) of the Bankruptcy Act. Section 77(o), in pertinent part, provides that:

"The trustee of trustees...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases