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MATTER OF READING CO.

Bankruptcy No. 71-828.

72 B.R. 293 (1987)

In the Matter of READING COMPANY, Debtor.

United States District Court, E.D. Pennsylvania.

March 31, 1987.

Attorney(s) appearing for the Case

Howard H. Lewis, Philadelphia, Pa., for plaintiff.

Dean R. May, Carpenter, Bennett & Morrissey, Newark, N.J., for defendant.

MEMORANDUM AND ORDER

DITTER, District Judge.

Reading Company and Central Railroad Company of New Jersey ("CNJ") were both reorganized pursuant to section 77 of the Bankruptcy Act (formerly 11 U.S.C. § 205). Each debtor railroad possessed a pre-bankruptcy unsecured claim against the other: Reading's claim was for $466,428.35 while CNJ's claim was for $497,945.52. Central Jersey Industries, the reorganized CNJ, now petitions this court to direct Reading...

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