In the Matter of LEHIGH VALLEY RAILROAD COMPANY, Debtor.
United States District Court, E. D. Pennsylvania.https://leagle.com/images/logo.png
January 12, 1979.
January 12, 1979.
Attorney(s) appearing for the Case
David C. Toomey, Philadelphia, Pa., for the Trustee, Lehigh Valley R. Co.
Andrew S. O'Connor, Scott J. McKay Wolas, New York City, for Citibank, N. A., as Indenture Trustee.
James F. Gleason, Jr., Morton M. Fry, New York City, for Chemical Bank, as Trustee for the General Consolidated Mortg. (1903) and Lehigh and Lake Erie Mortg. (1907).
Merrill Stone, New York City, for Manufacturers Hanover Trust Co., as Trustee of the Lehigh Valley Terminal Railway Co., First Mortg., dated as of October 1, 1891.
Laurence Z. Shiekman, Philadelphia, Pa., for Consolidated Rail Corp.
Richard R. Bongartz, Westport Harbor, Mich., Carl Helmetag, Philadelphia, Pa., for Trustees of Penn Central Transp. Co.
John N. Schaeffer, Jr., Philadelphia, Pa., for Fidelity Bank.
Douglas G. Sanborn, Trenton, N. J., for State of New Jersey.
Donald F. Luke, New York City, Edward C. Toole, Jr., Philadelphia, Pa., for Committee of Interline Railroads.
Alexander Hemphill, Philadelphia, Pa., for Harold R. Scattergood, et al., Lehigh Valley Harbor Terminal Bondholders.
Bruce C. Fishelman, Jersey City, N. J., for Jersey City, N. J.
John Broadley, Washington, D. C., for United States Government.
John B. Langel, Philadelphia, Pa., for Girard Trust Bank.
United States District Court, E. D. Pennsylvania.
INTERIM OPINION
RE: OBJECTIONS OF FIDELITY BANK AND CHEMICAL BANK TO THE PROPOSED AMENDED PLAN OF REORGANIZATION
ORDER NO. 529
FULLAM, District Judge.
The Trustee of the Lehigh Valley Railroad has petitioned the Court for approval of an Amended Plan of Reorganization ("the Plan"). Before reaching a final decision in this matter, I deem it desirable to file this Interim Opinion addressing the...
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