In Re Penn Central Transportation Co.
District Court, E.D. Pennsylvania
1Opinion of the Court
MEMORANDUM AND ORDER NO. 1855
FULLAM, District Judge.
The Peoria & Eastern Railway Company (hereinafter referred to as the “Peoria”) has petitioned to impress a trust upon the assets of the Debtor. The Peoria is a non-operating railroad owning a single line in Indiana and Illinois. The Peoria’s properties have been operated by the Debtor since February 1, 1968, pursuant to an operating agreement under which the Debtor pays the expenses of operation and maintenance, and collects the revenues derived from the operation of the railway.
The operating agreement provides that the Debtor must account…
2Cases cited2 opinions
- Ewen v. Peoria & E. Ry. Co.District Court, S.D. New York · 1948
- In Re Penn Central Transportation CompanyDistrict Court, E.D. Pennsylvania · 1974
3Cited by7 opinions
- In Re Drexel Burnham Lambert Group Inc.United States Bankruptcy Court, S.D. New York · 1990
- In Re Kulzer Roofing, Inc.United States Bankruptcy Court, E.D. Pennsylvania · 1992
- In The Matter Of The Ann Arbor Railroad Company, DebtorCourt of Appeals for the Sixth Circuit · 1980
- Dairy Fresh Foods, Inc. v. Ramette (In re Country Club Market, Inc.)District Court, D. Minnesota · 1993
- Chase v. Committee of Interline RailroadsCourt of Appeals for the Sixth Circuit · 1980
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