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ZATZ v. U.S.

Docket No. 97-4287.

149 F.3d 144 (1998)

Donald ZATZ, Benjamin Zatz, Joseph Guzman and David Andress, as Executor of the Estate of Homer Henry, Petitioners, v. UNITED STATES of America and Surface Transportation Board, Respondents, Union Pacific Corporation, Union Pacific Railroad Company, Southern Pacific Rail Corporation and Southern Pacific Transportation Company, Intervenors.

United States Court of Appeals, Second Circuit.

Decided July 9, 1998.

Attorney(s) appearing for the Case

Douglas A. Kellner, Kellner Chehebar & Deveney, New York City (John Patrick Deveney, Kellner Chehebar & Deveney, New York City, John F. McHugh, McHugh & Sherman, New York City, Fritz R. Kahn, Washington, DC, of counsel), for Petitioners.

Louis Mackall, V, Office of the General Counsel, Surface Transportation Board, Washington, DC (Henri F. Rush, General Counsel, Surface Transportation Board, Washington, DC, Joel I. Klein, Assistant Attorney General, Robert B. Nicholson, John P. Fonte, Department of Justice, Washington, DC, of counsel), for Respondents.

Timothy C. Hester, Covington & Burling, Washington, DC (Arvid E. Roach, II, Covington & Burling, Washington, DC, of counsel), for Intervenors.

Before: MESKILL and CABRANES, Circuit Judges, and NICKERSON, District Judge.

Per Curiam:

Petitioners are four minority shareholders who own the 61 shares of common stock of the St. Louis Southwestern Railway Company (SSW) that are publicly held. In the decision we are asked to review, the Board determined that $6,800 per share was a just and reasonable price to be paid to petitioners as part of the proposed merger of SSW into SSW Merger Corp. (which was merely one stage of the larger merger of Union Pacific Corporation (UP) and Southern Pacific...

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