Legal Opinion
In re Penn Central Transportation Co.
District Court, E.D. Pennsylvania
Decided January 15, 1971No. 70-347PublishedCited by 6 opinions
1Opinion of the Court
*303OPINION IN SUPPORT OF ORDER NO. 124 AUTHORIZING THE ISSUANCE OF TRUSTEES,’ CERTIFICATES
FULLAM, District Judge.
The question before the Court is whether the Trustees should be authorized to borrow $100 million by issuing trustees’ certificates, pursuant to § 77(c) (3) of the Bankruptcy Act, 11 U. S.C. § 205(c) (3), to be guaranteed on behalf of the United States by the Secretary of Transportation pursuant to the provisions of the Emergency Rail Services Act of 1970, P.L. No. 91-1510, which became law on January 8, 1971.
The Trustees’ application is opposed by the Trustee of the New York, New…
2Cases cited4 opinions
- Brooks-Scanlon Co. v. Railroad Comm'n of La.Supreme Court of the United States · 1920
- New Haven Inclusion CasesSupreme Court of the United States · 1970
- Penn-Central Merger & N & W Inclusion CasesSupreme Court of the United States · 1967
- New York, New Haven & Hartford Railroad v. United StatesDistrict Court, S.D. New York · 1968
3Cited by6 opinions
- Kennecott Copper Corporation v. Curtiss-Wright CorporationCourt of Appeals for the Second Circuit · 1978
- 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 · 1974
- MATTER OF VALUATION PROCEEDINGS UNDER §§ 303 (C) & 306Special Court under the Regional Rail Reorganization Act · 1977
- In re Penn Central Transportation Co.District Court, E.D. Pennsylvania · 1977
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