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TRUSTEES OF PROPERTY, ETC. v. CONSOLIDATED RAIL CORP.

Civ. A. No. 76-2.

460 F.Supp. 1258 (1978)

TRUSTEES OF the PROPERTY OF PENN CENTRAL TRANSPORTATION COMPANY et al., Plaintiffs, v. CONSOLIDATED RAIL CORPORATION, Defendant.

Special Court Regional Rail Reorganization Act.

November 22, 1978.

Attorney(s) appearing for the Case

Charles A. Horsky, Covington & Burling, Washington, D. C., for plaintiffs trustees of the property of Penn Cent. Transp. Co.

Joseph J. Connelly, Goodman & Ewing, Philadelphia, Pa., for plaintiffs United New Jersey R. & Canal Co., New York Connecting R. Co., and Philadelphia, Baltimore & Washington R. Co.

Herbert G. Schick, MacCoy, Evans & Lewis, Philadelphia, Pa., for plaintiffs Philadelphia and Trenton R. Co., Union R. Co. of Baltimore, and The Northern Cent. R. Co.

Jerome K. Walsh, Jr., Walsh & Frisch, New York City, for plaintiff Trustee of the Pittsburgh, Fort Wayne and Chicago R. Co.

Laurence Z. Shiekman, Kerr, John G. Harkins, Jr., and Alexander Kerr, Pepper, Hamilton & Scheetz, Philadelphia, Pa., for defendant Consolidated Rail Corp.

Cary W. Dickieson, U. S. R. Ass'n, Washington, D. C., for intervenor U. S. R. Ass'n.

John H. Broadley, Sp. Litigation Section, Civ. Div., U. S. Dept. of Justice, Washington, D. C., for intervenor U. S.

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

FRIENDLY, Presiding Judge:

This is a sequel to our earlier opinion in this action, 421 F.Supp. 1055 (1976), familiarity with which is assumed. We there denied an application by the Penn Central Trustees to direct ConRail to deposit in escrow, pending determination of this action, proceeds ConRail had received in cash and the cash equivalent of what it would receive in the form of...

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