Trustees of the Boston & Maine Corp. v. Massachusetts Bay Transportation Authority

This case arose out of an arbitration award confirmed by the Superior Court, which confirmation was upheld by this court in Trustees of the Boston & Maine Corp. v. Massachusetts Bay Transp. Authy. 363 Mass. 386 (1973). The parties are herein referred to as the B & M and the MBTA. As explained at some length in our prior opinion, this award, in essence, established the value of a railroad right of way known as the “Read ing Branch Line” which the MBTA, by exercising an option, had agreed to purchase from the B & M. The “Modified and Corrected Findings and Award” by the arbitrator were divided…