Legal Opinion
Seaboard System Railroad v. United States
Court of Appeals for the Seventh Circuit
Decided August 20, 1986No. Nos. 85-1554, 85-1683, 85-2121 to 85-2123, 85-1573 and 85-1953PublishedCited by 1 opinion
1Opinion of the Court
EASTERBROOK, Circuit Judge.
The Soo Line R.R. bought the railroad operations of the bankrupt Chicago, Milwaukee, St. Paul & Pacific R.R. in February 1985 for $150 million plus the assumption of liabilities estimated at $420 million. The district court approved the Soo’s bid even though the Chicago & North Western Transportation Co. (CNW) bid $360 million plus assumption of essentially the same liabilities, and even though the Interstate Commerce Commission had found both proposed acquisitions to be consistent with the public interest. The district court thought the Soo’s bid preferable because…
2Cases cited68 opinions
- Daniels v. WilliamsSupreme Court of the United States · 1986
- Colorado River Water Conservation District v. United StatesSupreme Court of the United States · 1976
- Baker v. McCollanSupreme Court of the United States · 1979
- Califano v. SandersSupreme Court of the United States · 1977
- Penn Central Transportation Co. v. New York CitySupreme Court of the United States · 1978
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3Cited by1 opinion
- In The Matter Of Chicago, Milwaukee, St. Paul And Pacific Railroad CompanyCourt of Appeals for the Seventh Circuit · 1986