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CITIZENS COM. TO SAVE LAND GRANT v. BURLINGTON

No. 82-3075.

708 F.2d 1430 (1983)

CITIZENS COMMITTEE TO SAVE the LAND GRANT RAILROADS, et al., Plaintiffs-Appellants, v. BURLINGTON NORTHERN, INC., et al., Defendants-Appellees.

United States Court of Appeals, Ninth Circuit.

Decided June 22, 1983.

Attorney(s) appearing for the Case

Daniel H. Smith, Smith, Kaplan & Salmi, Seattle, Wash., for plaintiffs-appellants.

Louis A. Harris, Seattle, Wash., for defendants-appellees.

Before BROWNING, Chief Judge, and FLETCHER and PREGERSON, Circuit Judges.

FLETCHER, Circuit Judge:

This is a suit by several unions, creditors, and shareholders of Burlington Northern, Inc. (Burlington) and an unincorporated association of customers of Burlington to enjoin Burlington from consummating a corporate reorganization.1 After the complaint was filed, Burlington created a holding company of which a railroad-based operating company is one subsidiary. Burlington then began the transfer of certain assets...

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