Legal Opinion
In re Penn Central Transportation Co.
Court of Appeals for the Third Circuit
Decided January 11, 1979No. Nos. 78-1715, 78-2321 and 78-2336PublishedCited by 7 opinions
1Opinion of the Court
OPINION OF THE COURT
A. LEON HIGGINBOTHAM, Jr., Circuit Judge.
There are 150,000 shareholders in the Penn Central Company of which only nine have appealed from certain orders concerning two bankruptcy proceedings: the reorganization of the Penn Central Transportation Company pursuant to section 77 of the Bankruptcy Act, 11 U.S.C. § 205, and the arrangement of the Penn Central Company pursuant to Chapter XI, 11 U.S.C. § 701 et seq. For the reasons given below we will dismiss certain appeals because of the appellants’ lack of standing and will affirm those orders from which valid appeals were…
2Cases cited22 opinions
- Case v. Los Angeles Lumber Products Co.Supreme Court of the United States · 1939
- Group of Institutional Investors v. Chicago, M., St. P. & P.R. Co., and 9 Other CasesSupreme Court of the United States · 1943
- Ecker v. Western Pacific R. Corp.Supreme Court of the United States · 1943
- Callaway v. BentonSupreme Court of the United States · 1949
- Securities & Exchange Commission v. American Trailer Rentals Co.Supreme Court of the United States · 1965
17 more not listed; retrieve them via the Exa API.
3Cited by7 opinions
- In re Penn Central Transportation Co.Court of Appeals for the Third Circuit · 1979
- In the Matter of Penn Central Transportation Company, DebtorCourt of Appeals for the Third Circuit · 1980
- Matter of New York, New Haven and Hartford R. Co.District Court, D. Connecticut · 1980
- In the Matter of Penn Central Transportation Company, Debtor. Appeal of Joseph A. Schafer, Whitney W. Irons, Alton P. Gainer, Emil Milan, Carol Kuchar, Leo Sukala, Stephen Sloboda, Charles W. Hannon, and Philip Morton, in Nos. 78-1715, 78-2321 and 78-2336. In the Matter of Penn Central Company, DebtorCourt of Appeals for the Third Circuit · 1979
- Matter of Reading Co.District Court, E.D. Pennsylvania · 1980
2 more not listed; retrieve them via the Exa API.