Legal Opinion

In Re Penn Central Transportation Co.

District Court, E.D. Pennsylvania

Decided July 16, 1976No. 70-347PublishedCited by 15 opinions

1Opinion of the Court

MEMORANDUM AND ORDER NO. 2456

FULLAM, District Judge.

The petitioners, Joseph H. Rosenbaum, Francis N. Rosenbaum, William M. Gold-stein, and MDC Corporation, are general partners trading as American Investors Company No. 5 (AIC No. 5). AIC No. 5 purchased approximately 1500 rail cars from Penn Central and, with the aid of outside financing, caused the cars to be rebuilt. On completion of the reconstruction the cars were leased back to Penn Central under a lease dated May 19, 1969. The lease was one of many equipment financing arrangements affirmed by the Trustees in August of 1970. Rental…

2Cases cited5 opinions

  1. Katchen v. LandySupreme Court of the United States · 1966
  2. Great Lakes Rubber Corporation v. Herbert Cooper Co., IncCourt of Appeals for the Third Circuit · 1961
  3. Williams v. AustrianSupreme Court of the United States · 1947
  4. Morrison's EstateSupreme Court of Pennsylvania · 1941
  5. Zion v. Sentry Safety Control Corp.Court of Appeals for the Third Circuit · 1958

3Cited by15 opinions

  1. Safeco Insurance Co. Of America v. William GuytonCourt of Appeals for the Ninth Circuit · 1982
  2. Fedders North America, Inc. v. Branded Products, Inc. (In Re Branded Products, Inc.)United States Bankruptcy Court, W.D. Texas · 1993
  3. Taubman Western Associates, No. 2 v. Beugen (In Re Beugen)United States Bankruptcy Court, N.D. California · 1988
  4. Capetola v. OrlandoDistrict Court, E.D. Pennsylvania · 1978
  5. In Re Merritt Logan, Inc.United States Bankruptcy Court, E.D. Pennsylvania · 1990

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