In the Matter of Boston & Providence Railroad Corporation, Debtor. Appeal of Boston & Providence Railroad Stockholders Development Group
Court of Appeals for the First Circuit
1Per curiam
This is an appeal from the district court’s findings and order, entered on April 21, 1981. The respondent Shawmut Bank is the Charge Trustee under an indenture of equitable charge that was created on April 20, 1971, on behalf of the holders of certain Certificates of Contingent Beneficial Interest (CCBI’s). The trustee had petitioned for approval of a proposed compromise settlement of all claims against the Penn Central Corporation, the successor grantor under the indenture. The district court’s findings and order approved the proposed compromise as prudent, fair, and equitable, and ordered…
2Cases cited1 opinion
- Protective Committee for Independent Stockholders of TMT Trailer Ferry, Inc. v. AndersonSupreme Court of the United States · 1968
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