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MATTER OF BOSTON & PROVIDENCE R.R. CORP.

Bankruptcy No. 62413.

28 B.R. 632 (1983)

In the Matter of BOSTON AND PROVIDENCE RAILROAD CORPORATION.

United States District Court, D. Massachusetts.

March 1, 1983.

Attorney(s) appearing for the Case

Armistead B. Rood, Washington, D.C., Joseph B. Hyman, Arlington, Va., Albert B. Wolfe, Cambridge, Mass., for Boston & Providence Development Group.

Arthur P. Schmidt, Charge Trustee, Charles W. Bartlett, Organization Trustee, Gaston Snow and Ely Bartlett, Boston, Mass., for Shawmut Bank of Boston; Charles W. Mulcahey, Boston, Mass., Counsel for Organization Trustee.

Edwin K. Taylor, Associate Gen. Counsel, Penn Central Corp., New York City, John E. Vanderstar, Covington & Burling, Washington, D.C., Harris G. Gorab, John M. Hall, Choate, Hall & Stewart, Boston, Mass., for Penn Central Corp.

MEMORANDUM

CAFFREY, Chief Judge.

This matter is before the Court on remand from the Court of Appeals for the First Circuit. In the Matter of Boston & Providence Railroad Corp., 673 F.2d 11 (1982). In its opinion, the Court of Appeals directed this Court to set forth its evaluation and analysis of the proposed compromise settlement in the record. Herewith that analysis.

In February, 1981 the Charge Trustee...

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