Palmer v. Connecticut Railway & Lighting Co.

This certiorari, which we allowed because of its importance, involves problems of proving a lessor’s'claim for damages for rejection of its lease in a proceeding under § 77 of the Bankruptcy Act. The lease, demising respondent’s street railway properties and equipment in Connecticut for 999 years from 1906, was rejected on December 18, 1935, by petitioners, the trustees • of the debtor, the New York, New Haven and Hartford Railroad Company.1 The annual rent reserved at rejection was close to $1,050,000 with tax, sinking fund, interest *552aricTbond retirement-adjustments, which are not material…