In re Penn Central Transportation Co.

In Proceedings for the Reorganization of a Railroad

FULLAM, District Judge.

An unresolved issue which has long been pending before this Court is whether or not a proposed amended agreement between the Trustees and the 'National Rail Passenger Corporation (“Amtrak”) should be approved. Initially, disposition of this matter was deferred so that the proposed contract, and various other possible alternatives, could be compared on the basis of actual, rather than projected, figures. Thereafter, the energies of the parties and of the Court were diverted to other more pressing matters in connection…