1. Home
  2. Browse Decisions
  3. F.2d
  4. 791 F.2d
  5. 791 F.2d 524 (1986)
 

MATTER OF CHICAGO, MILWAUKEE, ST. PAUL & PAC. R.

Nos. 85-2364, 85-2428.

791 F.2d 524 (1986)

In the Matter of CHICAGO, MILWAUKEE, ST. PAUL AND PACIFIC RAILROAD COMPANY, Debtor. Appeals of CHICAGO, MILWAUKEE, ST. PAUL AND PACIFIC RAILROAD COMPANY, Chicago Milwaukee Corporation, and Chicago, Milwaukee, St. Paul and Pacific Railroad Bond and Debenture Holders Protective Committee.

United States Court of Appeals, Seventh Circuit.

Decided May 20, 1986.

Attorney(s) appearing for the Case

Keith F. Bode, Jenner & Block, Chicago, Ill., for appellant.

Lawrence P. Bemis, Kirkland & Ellis, Chicago, Ill., for appellee.

Before BAUER and POSNER, Circuit Judges, and MOODY, District Judge.

POSNER, Circuit Judge.

In 1955 the Chicago, Milwaukee, St. Paul and Pacific Railroad Company, known as the Milwaukee Road, issued $56 million in income debentures. The debenture indenture provided that the railroad would pay the holders of the debentures interest installments every year, at the rate of 5 percent, provided that the railroad had "available net income" — income in excess of various fixed expenses, in particular interest due secured creditors....

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases