Legal Opinion
Matter of Reading Co.
District Court, E.D. Pennsylvania
Decided August 11, 1982No. Bankruptcy 71-828PublishedCited by 4 opinions
1Opinion of the Court
ADJUDICATION
DITTER, District Judge.
This matter comes before the Court on a petition filed by the trustees of the Reading Company (“Reading”) 1 seeking to compel the Trailer Train Company (“Trailer Train”) to negotiate a means by which Reading can obtain some benefit from its ownership of Trailer Train capital stock. The problem arises because Trailer Train was created for the sole purpose of providing equipment to railroads at advantageous rates and Reading is no longer in the railroad business. By Order No. 1557, I required the parties to seek agreement on a way for Reading to realize a…
2Cases cited24 opinions
- Guth v. Loft, Inc.Supreme Court of Delaware · 1939
- Southern Pacific Co. v. BogertSupreme Court of the United States · 1919
- Zapata Corp. v. MaldonadoSupreme Court of Delaware · 1981
- Sinclair Oil Corporation v. LevienSupreme Court of Delaware · 1971
- Sterling v. Mayflower Hotel Corp.Supreme Court of Delaware · 1952
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3Cited by4 opinions
- In the Matter of Reading Company, Debtor. Appeal of Trailer Train CompanyCourt of Appeals for the Third Circuit · 1983
- Korman Corp. v. Franklin Town Corp., Pennsylvania Court of Common Pleas, Philadelphia County1984
- Newton, Appeal OfCourt of Appeals for the Third Circuit · 1983
- Reading Co., Matter OfCourt of Appeals for the Third Circuit · 1983