MATTER OF NEW YORK, S. & W.R. CO.

Bankruptcy No. B 76-182.

17 B.R. 905 (1981)

In the Matter of NEW YORK, SUSQUEHANNA and WESTERN RAILROAD CO., Debtor.

United States District Court, D. New Jersey.

December 29, 1981.


Attorney(s) appearing for the Case

Howard S. Greenberg, Ravin, Katchen & Greenberg, Newark, N.J., for trustee.

Bernard Cedarbaum, Carter, Ledyard & Milburn, New York City, for Indentured Trustee U.S. Trust Co.

Robert M. Maidman, New York City, for Series A Bondholders.

William P. Quinn, Fell, Spalding, Goff & Rubin, Philadelphia, Pa., for Delaware Otsego Corp.

Donald Lampson, Elkind & Lampson, New York City, for United Trans. Union.

Charles A. Spitulnik, Highsaw, Mahoney & Friedman, Washington, D.C., Marc N. Isenberg, Osterweil, Wind & Loccke, Edgewater, N.J., for Railway Labor Executives' Ass'n.

Thomas A. Woodley, Muholland, Hickey, Lyman, McCormick, Fisher & Hickey, Washington, D.C., for Ry. Emp. Dept. IAM.

Michael R. Griffinger, Crummy, Del Deo, Dolan & Purcell, Newark, N.J., William C. Struyk, Cravath, Swain & More, New York City, for Chemical Bank, Indenture trustee.

Jerome A. Vogel, Jeffer, Hopkinson & Vogel, Hawthorne, N.J., for Shippers Task Force.

Edward Roberts, III, Kelley, Drye & Warren, New York City, for Indentured Trustee Manufacturer's Hanover.

William J. McGee, Lum, Biunno & Tompkins, Newark, N.J., Gary Newman, Newman & Cary, East Orange, N.J., for New York Susquehanna & Western Ry. Corp.

Lewis N. Wilson, Chatham, N.J., for County of Manis Bd. of Public Transp.

John B. Murray, Connell, Foley & Geiser, Newark, N.J., Donald F. Luke, Rogers & Wells, New York City, for Committee on Interlines.

Weisman, Celler, Speet, Modlin & Wertheimer, New York City, Special Counsel to trustee.


OPINION

WHIPPLE, Senior District Judge.

This matter is before the Court for a ruling on final confirmation of the Second Amended Plan of Liquidation ("The Plan") submitted by the Trustee of the New York, Susquehanna and Western Railroad Co. ("The Debtor"). Having thoroughly reviewed and carefully considered the record in this matter, for the reasons set forth herein this Court hereby confirms the Plan as drawn, pursuant to § 77(e) of the former Bankruptcy...

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