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RICHMOND, F. & P. R. CO. v. VA. CENT. RY. CO.

Record No. 781820.

279 S.E.2d 146 (1981)

RICHMOND, FREDERICKSBURG AND POTOMAC RAILROAD COMPANY v. VIRGINIA CENTRAL RAILWAY COMPANY et al.

Supreme Court of Virginia.

June 12, 1981.

Attorney(s) appearing for the Case

David F. Peterson, Fredericksburg, Charles A. Hartz, Jr., Richmond (Hicks, Baker & Peterson, Fredericksburg, on briefs), for appellant.

Glenn M. Cooper, Chevy Chase, Md. (Thomas E. Crosley, Jr., Fredericksburg, Paley, Rothman, Cooper & Eig, Chevy Chase, Md., Roberts, Crosley, Haley & Ashby, Fredericksburg, on brief), for appellees.

Before CARRICO, C. J., and HARRISON, COCHRAN, POFF, COMPTON, THOMPSON and STEPHENSON, JJ.

COCHRAN, Justice.

In this appeal, in order to determine who is entitled to certain railroad "car-hire funds" in controversy we must review a complex investment plan. The car-hire funds, some collected and held in an escrow bank account by Virginia Central Railway Company (VCR), and others payable to VCR, arose from rental charges for the use of freight cars owned by individual investors, leased to VCR, and sublet by VCR to various railroads.

Richmond, Fredericksburg...

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