MATTER OF PENN CENTRAL TRANSP. CO.

No. 70-347.

458 F.Supp. 1346 (1978)

In the Matter of PENN CENTRAL TRANSPORTATION COMPANY, Debtor. In re DISAFFIRMANCE of EXECUTORY CONTRACTS.

United States District Court, E. D. Pennsylvania.

August 10, 1978.


Attorney(s) appearing for the Case

Carl Heimetag, Ralph W. Pickard, Andrew P. Corcoran, Jr., John B. Rossi, Jr., Philadelphia, Pa., for Penn Central Trustees.

Fell, Spalding, Goff & Rubin by William P. Quinn, Jon C. Sirlin, Philadelphia, Pa., for Pittsburgh & Lake Erie Railroad Co.

Wexler, Weisman, Maurer & Forman, P. C. by Edward H. Rubenstone, Philadelphia, Pa., for John VanVorst, Mohawk Metals, Village of Frankfort, New York.

Gubman & Sitomer by R. W. Goldfaden, New York City, for Lexington-43rd, Inc.

Willkie, Farr & Gallagher by Walter H. Brown, Jr., New York City, for Industrial Investors Penn Central Group.

Shearman & Sterling by Kenneth M. Kramer, New York City, for Citibank, N. A. as agent for the Committee to Secured Bank Creditors.

Sheinfeld, Maley & Kay by Myron M. Sheinfeld, Houston, Tex., for Shell Oil Co.

Proskauer, Rose, Goetz & Mendelsohn by Steven J. Stein, New York City, for Grand Central Building, New York Life, Bankers Trust Co. and Title Guaranty.

Bachner, Tally & Mantell by Sol V. Slotnik, New York City, for Rose Associates.

Weil, Gotshal & Manges by Michael L. Cook, Lawrence Mittman, New York City, for Madison Square Garden Center, Inc. and Penn Plaza Ventures.

Moses & Singer by Jerome M. Lasky, New York City, for Bankers Trust Co.

Kaye, Scholer, Fierman, Hays & Handler by Julius Berman, New York City, for 245 Park Avenue Co., 320 Park Avenue Co., Aetna Life Ins. Co.

Pepper, Hamilton & Scheetz by Laurence Z. Shiekman, Philadelphia, Pa., for Consolidated Rail Corp.

Dinsmore, Shohl, Coates & Deupree by Gerald V. Weigle, Jr., Cincinnati, Ohio, for The Procter & Gamble Co.

Jerome P. Schneider, New York City, for The New York Bank for Savings.

Kirk Q. Jenne, Pittsburgh, Pa., for H. J. Heinz Co.

Richard H. Stokes, Gen. Atty., Jamaica, N. Y., The Long Island Rail Road Co.

Drinker, Biddle & Reath by Jack B. Justice, Philadelphia, Pa., Milbank, Tweed, Hadley & McCloy by David C. L. Frauman, New York City, for Chase Manhattan Bank.

Patrick Ramirez S. Bupara, U. S. Dept. of Justice, San Francisco, Cal., for United States and General Services Administration.

Dechert, Price & Rhoads by James E. Hipolit, Philadelphia, Pa., for Weccusor Realty Co.

Wolf, Block, Schorr & Solis-Cohen by Michael L. Temin, Philadelphia, Pa., for Metropolitan Life Ins. Co., Graybar Building Associates, Harry Helmsley d/b/a Graybar Building, Aetna Life Ins. Co., Equitable Life Assurance Society of United States, Prudential Ins. Co.

Hewlett G. Skidmore, pro se.

Fox, Rothschild, O'Brien & Frankel by Nathan L. Posner, Philadelphia, Pa., for Philadelphia Refrigerated Terminals, National Refrigerated Terminals.

Trubin, Sillcocks, Edelman & Knapp by Edward A. Manuel, New York City, for State of New York as Trustee of the Common Retirement Fund.

Ballard, Spahr, Andrews & Ingersoll by F. L. Ballard, Vincent Hatton, Philadelphia, Pa., for Schedule D Indenture Trustees, Girard Trust, Indenture Trustee of Connecting Railway, P.R.R. General Mortgage, Northern Trust, Indenture Trustee, Indiana Harbor Belt Railroad Co., First Mortgage.

Gratz, Tate, Spiegel, Ervin & Ruthrauff by Spencer Ervin, Jr., Philadelphia, Pa., for New Haven Trustee.

Saul, Ewing, Remick & Saul by Guy T. Moore, Philadelphia, Pa., for B & O, C & O, Western Maryland Railway.

Larry Filler, Gaby Gross, Trenton, N. J., for State of New Jersey.

Clark, Ladner, Fortenbaugh & Young by W. Charles Hogg, Jr., Philadelphia, Pa., for Committee of Interline Railroads and Louisville & Nashville Railroad Co.

Clark, Ladner, Fortenbaugh & Young by Edward C. Toole, Jr., Philadelphia, Pa., for Committee of Interline Railroads, and Chicago Union Station Co.


OPINION AND ORDER RE EXECUTORY CONTRACTS

FULLAM, District Judge.

Section 6.2 of the Penn Central Plan and Section 5.2 of each of the Plans of the Secondary Debtors, provide that all executory contracts other than those affirmed pursuant to §§ 6.1 or 5.1 of the Penn Central and Secondary Debtor Plans are disaffirmed. Specifically reserved from the operation of these sections are all issues relating to the leases between Penn Central and the Secondary...

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