In re Erie Lackawanna Railway Co.

The Government has appealed from four Reorganization Court Orders, being Nos. 410, 431, 453 and 478, denying its petitions for orders directing the Trustees of the Debtor, Erie Lackawanna Railway Company (EL), to enter into proposed Financial Assistance Agreements submitted by Federal Railroad Administration (FRA) under Section 215 of the Regional Rail Reorganization Act (RRRA), 45 U.S.C. § 725. These proposed agreements would have permitted FRA to purchase installments of the Debt- or’s conditional sales or equipment purchase obligations and to give to the Government a claim in such…