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CONSOLIDATED RAIL CORP. v. PENN CENTRAL CORP.

Civ. A. No. 81-9.

543 F.Supp. 457 (1982)

CONSOLIDATED RAIL CORPORATION, Relco-PA, Inc. and Investors Diversified Services, Inc. v. The PENN CENTRAL CORPORATION.

Special Court, Regional Rail Reorganization Act of 1973.

July 14, 1982.

Attorney(s) appearing for the Case

Laurence Z. Shiekman, Steven D. McLamb, Pepper, Hamilton & Scheetz, Philadelphia, Pa., for plaintiffs.

John M. Bernard, Jeffrey R. Lerman, John E. Caruso, Montgomery, McCracken, Walker & Rhoads, Philadelphia, Pa., Paul R. Duke, Covington & Burling, Washington, D. C., Terrence M. Quirin, Philadelphia, Pa., for defendant.

Before FRIENDLY, Presiding Judge, and WISDOM and THOMSEN, Judges.

WISDOM, Judge:

I.

After Congress approved the Final System Plan (FSP) for the reorganization of the bankrupt railroads of the Northeast,1 this Court entered an order on March 25, 1976 to implement the FSP, requiring the bankrupt railroads to convey designated properties to other railroads and to Consolidated Rail Corporation (Conrail) in return for certain compensation. The FSP sets out four categories of assets to be conveyed...

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