MATTER OF PENN CENTRAL TRANSP. CO.

No. 70-347.

458 F.Supp. 1364 (1978)

In the Matter of PENN CENTRAL TRANSPORTATION COMPANY, Debtor. In re CONFIRMATION AND CONSUMMATION OF PLAN OF REORGANIZATION.

United States District Court, E. D. Pennsylvania.

August 17, 1978.


Attorney(s) appearing for the Case

Charles A. Horsky, Brice Clagett, Washington, D. C., James E. Howard, Philadelphia, Pa., Philip Stansbury, Washington, D. C., Carl Helmetag, Jr., John J. Ehlinger, Jr., Philadelphia, Pa., for Penn Central Trustees.

Leon Leighton, New York City, for Minority Stockholders of Mahoning Coal Railroad.

David Berger, P. A., by David Berger, Philadelphia, Pa., for Penn Central Co.

Tyler & Reynolds by H. Theodore Cohen, Boston, Mass., for Charles S. Jeffrey.

Edward I. Dobin, Morrisville, Pa., for Bank of New Jersey, Indenture Trustee.

Walsh & Frisch by Jerome K. Walsh, New York City, for Certain Leased Lines.

Goodman & Ewing by Joseph J. Connolly, William H. Ewing, Philadelphia, Pa., for Certain Secondary Debtors.

Clark, Ladner, Fortenbaugh & Young by Edward C. Toole, Jr., Philadelphia, Pa., for Committee of Interline Railroads.

Sullivan & Worcester by Joseph Auerbach, Morris Raker, Boston, Mass., Gratz, Tate, Spiegel, Ervin & Ruthrauff by Spencer Ervin, Jr., Philadelphia, Pa., for New Haven Trustee.

Kelley, Drye & Warren by Stephen Green, New York City, for Manufacturers Hanover Trust Co.

Ballard, Spahr, Andrews & Ingersoll by Frederick L. Ballard, Philadelphia, Pa., for Schedule A Trustees, Girard Trust Bank.

Schnader, Harrison, Segal & Lewis by David S. Hope, Gilbert W. Oswald, Philadelphia, Pa., for Penn Central Co.

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

Douglas G. Sanborn, Deputy Atty. Gen., Trenton, N. J., for State of New Jersey.

Grant G. Guthrie, Wilnetta S. Marks, Washington, D. C., for Securities & Exchange Commission.

Wolf, Block, Schorr & Solis-Cohen by Michael L. Temin, Philadelphia, Pa., for First Pennsylvania Bank N. A. as Indenture Trustee.

Reed, Smith, Shaw & McClay by Andrew N. Farley, Philadelphia, Pa., for Mellon Bank, N. A.

Shearman & Sterling by George J. Wade, Robert H. MacKinnon, Kenneth M. Kramer, Michael K. Diana, New York City, for Citibank, N. A. as Agent for the Committee of Secured Bank Creditors.

Willkie, Farr & Gallagher by Louis A. Craco, New York City, for Friday Group and Institutional Investors Penn Central Group.

Rogers & Wells by Donald F. Luke, New York City, for Committee of Interline Railroads.

John H. Broadley, U. S. Dept. of Justice, Washington, D. C., for United States.

Richards, Layton & Finger by Richard G. Elliott, Jr., Wilmington, Del., for Wilmington Trust Co., Successor Indenture Trustee.

Winthrop, Stimson, Putnam & Roberts by Stephen A. Weiner, New York City, for Irving Trust Co.

Proskauer, Rose, Goetz & Mendelsohn by Larry M. Lavinsky, Philip M. Hahn, New York City, for The Bank of New York, as Indenture Trustee.

Richard H. Stokes, Jamaica, N. Y., for Long Island Rail Road Co.

Bruce C. Fishelman, Jersey City, N. J., for City of Jersey City.

Al Blase, for various bondholders.

Dahlberg, Mallender & Gawne by J. Donald McLeod, John J. Iseman, Birmingham, Ala., for Manufacturers National Bank of Detroit, Successor Indenture Trustee.

Burgess, Fullmer, Parker, Steck & Andrews by Earl J. Krock, Cleveland, Ohio, for Kalamazoo, Allegan & Grand Rapids.

Margaret Anne Foster, Cleveland, Ohio, for Board of Education, Cleveland School District.

Dechert, Price & Rhoads by F. Hastings Griffin, Jr., Philadelphia, Pa., for National Railroad Passenger Corp.

White & Case by Robert W. Mannix, New York City, for Bankers Trust Co., Indenture Trustee.

Harvey Strickland, for Bankers Trust.


OPINION AND ORDERS RE CONFIRMATION AND CONSUMMATION OF PLAN OF REORGANIZATION

FULLAM, District Judge.

On March 17, 1978, this Court approved, subject to certain modifications, the Plan of Reorganization proposed by the Penn Central Trustees and separate Plans for each of the 15 Secondary Debtors1 (the 16 Plans will be referred to as the Plan). Order No. 3279 directed that a ballot, and a copy of the Plan, this Court's Opinion...

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