Legal Opinion
In Re Penn Central Transportation Company
District Court, E.D. Pennsylvania
Decided October 20, 1972No. 70-347PublishedCited by 15 opinions
1Opinion of the Court
FULLAM, District Judge.
INTRODUCTION
The Trustees seek authorization to sell certain major real estate holdings of the Debtor located in the Park Avenue area of the City of New York, for prices totalling $59,549,000. Conditional or absolute objections to some or all of the proposed sales have been interposed by several interested parties, on a variety of legal and factual grounds.
The following issues, directly or indirectly related to the proposed sales, are presented for decision:
Issues applicable generally:
1. Would the proposed sales, as a matter of business judgment, be in the best interests…
2Cases cited31 opinions
- Louisville Joint Stock Land Bank v. RadfordSupreme Court of the United States · 1935
- Continental Illinois National Bank & Trust Co. v. Chicago, Rock Island & Pacific Ry. Co.Supreme Court of the United States · 1935
- Wright v. Vinton Branch of Mountain Trust Bank of RoanokeSupreme Court of the United States · 1937
- Group of Institutional Investors v. Chicago, M., St. P. & P.R. Co., and 9 Other CasesSupreme Court of the United States · 1943
- New Haven Inclusion CasesSupreme Court of the United States · 1970
26 more not listed; retrieve them via the Exa API.
3Cited by15 opinions
- In Re Penn Central Transportation Co.District Court, E.D. Pennsylvania · 1978
- In re Penn Central Transportation Co.Court of Appeals for the Third Circuit · 1979
- In re Penn Central Transportation Co.Court of Appeals for the Third Circuit · 1979
- In re Penn Central Transportation Co.Court of Appeals for the Third Circuit · 1973
- In Re Penn Central Transportation CompanyDistrict Court, E.D. Pennsylvania · 1973
10 more not listed; retrieve them via the Exa API.