OPINION
FARNAN, District Judge.
I. PROCEDURAL AND FACTUAL HISTORY
The Delaware and Hudson Railway Company ("Delaware & Hudson") is a wholly owned subsidiary of Guilford Transportation Industries, Inc. ("Guilford"). On June 20, 1988, Delaware & Hudson filed a petition for reorganization under Chapter 11 of the United States Bankruptcy Code. Pursuant to 28 U.S.C. § 157(a), the bankruptcy case was referred from the United States District...
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