Legal Opinion
In re Penn Central Transportation Co.
District Court, E.D. Pennsylvania
Decided August 12, 1975No. 70-347Published
1Opinion of the Court
MEMORANDUM AND ORDER
NO. 1989
FULLAM, District Judge.
In In re Central Railroad of New Jersey, 392 F.2d 589 (3d Cir. 1968), the Court of Appeals affirmed a district court decision, 273 F.Supp. 282 (D.N.J. 1967) which held that pre-reorganization freight charges were not trust funds. In reliance upon that decision, I earlier held, In the Matter of Penn Central Transportation Co., 340 F.Supp. 857 (E.D.Pa.1972), inter alia, that amounts due from Penn Central to other carriers for prebankruptcy freight and passenger balances could properly be deferred by the Trustees, and could not be set off…
2Cases cited6 opinions
- In Re the Central Railroad Company of New JerseyDistrict Court, D. New Jersey · 1967
- In Re Penn Central Transportation CompanyDistrict Court, E.D. Pennsylvania · 1972
- In the Matter of the Central Railroad Company of New Jersey, Debtor, Trustees of the Property of the Central Railroad Company of New Jersey, the New York Central Railroad Company, Southern Railway Company, IntervenorsCourt of Appeals for the Third Circuit · 1968
- Matter of Reading CompanyDistrict Court, E.D. Pennsylvania · 1975
- In the Matter of Penn Central Transportation Company, Debtor. Appeal of Indiana Harbor Belt Railroad Company, in No. 72-1436. Appeal of Members of the Committee of Interline Railroads, in No. 72-1437. Appeal of Louisville and Nashville Railroad Company, in No. 72-1438Court of Appeals for the Third Circuit · 1973
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