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MATTER OF ARBITRATION BETWEEN PENN CENT. CORP. AND CONSOLIDATED RAIL CORP.

82 A.D.2d 208 (1981)

In the Matter of the Arbitration between Penn Central Corporation et al., Appellants, and Consolidated Rail Corporation, Respondent

Appellate Division of the Supreme Court of the State of New York, First Department.

July 23, 1981

Attorney(s) appearing for the Case

Louis A. Craco of counsel (Robert J. Kheel and Sally C. Swift with him on the brief; Willkie Farr & Gallagher, attorneys), for appellants.

Stephen E. Powers of counsel (Mary Jo Reich with him on the brief; Carb, Luria, Glassner, Cook & Kufeld, attorneys), for respondent.

KUPFERMAN, J. P., SANDLER, SULLIVAN and CARRO, JJ., concur.

FEIN, J.

The Penn Central Corporation and the Owasco River Railway, Inc. (Penn) appeal from an order and judgment dismissing their petition to confirm the unanimous award of a panel of appraisers, selected by the parties, which rendered its determination pursuant to a written agreement to resolve fully and finally the entire controversy between the parties involving the allocation of the proceeds of a sale of...

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