Legal Opinion

In re Chicago, Milwaukee, St. Paul & Pacific Railroad

District Court, N.D. Illinois

Decided January 29, 1992No. 77 B 8999Published

1Opinion of the Court

MEMORANDUM AND ORDER

LINDBERG, District Judge.

I. Background

This dispute involves a 54-mile segment of rail track connecting Davenport and Iowa City, Iowa (“Iowa City line”). On October 10, 1984, Heartland Rail Corporation (“Heartland”) acquired the 54-mile Iowa City line. With the purchase of the Iowa City line, Heartland also acquired 500 additional miles of rail line to the east and west of the Iowa City line. Heartland subsequently leased the Iowa City line and the additional 500 rail miles to a new railroad *272company formed in May of 1984 known as Iowa Interstate Railroad, Ltd. (“Iowa…

2Cases cited5 opinions

Pennsylvania Railroad v. International Coal Mining Co.Supreme Court of the United States · 1913
Northwestern Oil Co. v. Socony-Vacuum Oil Co.Court of Appeals for the Seventh Circuit · 1943
Trabert & Hoeffer, Inc., an Illinois Corporation v. Piaget Watch Corporation, North American Watch Corporation and Concord Watch CorporationCourt of Appeals for the Seventh Circuit · 1980
Distrillers Distributing Corporation v. J. C. Millett Co., a Corporation, D/B/A Key Distributing Co.Court of Appeals for the Ninth Circuit · 1963
Cmc Real Estate Corporation v. Interstate Commerce Commission and United States of America, Iowa Interstate Railroad, Ltd., Patrick W. Simmons, Intervenors. Cmc Real Estate Corporation v. Interstate Commerce Commission and United States of America, Iowa Interstate Railroad, Ltd., Patrick W. Simmons, IntervenorsCourt of Appeals for the D.C. Circuit · 1986