Legal Opinion
In Re Penn Central Transportation Company
District Court, E.D. Pennsylvania
Decided April 16, 1973No. 70-347PublishedCited by 12 opinions
1Opinion of the Court
OPINION AND ORDER NO. 1189
FULLAM, District Judge.
The Debtor owns 100% of the common stock of the Pennsylvania Company, which is essentially a holding company for a variety of corporate enterprises, principally in non-railroad fields. In early 1969, and for some time previously, the Debtor was indebted to a group of banks in the sum of $100 million, represented by short-term unsecured notes. In April of 1969, the line of credit was increased to $300 million, and the Debt- or pledged its Pennco stock as security. Some 53 banks throughout the country were parties to or ultimately participated in…
2Cases cited15 opinions
- Vanston Bondholders Protective Committee v. GreenSupreme Court of the United States · 1947
- Northern Pacific Railway Co. v. BoydSupreme Court of the United States · 1913
- Group of Institutional Investors v. Chicago, M., St. P. & P.R. Co., and 9 Other CasesSupreme Court of the United States · 1943
- Sexton v. DreyfusSupreme Court of the United States · 1911
- City of New York v. SaperSupreme Court of the United States · 1949
10 more not listed; retrieve them via the Exa API.
3Cited by12 opinions
- In Re Penn Central Transportation Co.District Court, E.D. Pennsylvania · 1978
- 9 Collier bankr.cas.2d 1377, Bankr. L. Rep. P 69,412 in Re Boston and Maine Corporation, Debtor. Appeal of City of CambridgeCourt of Appeals for the First Circuit · 1983
- In re Boston & Maine Corp.Court of Appeals for the First Circuit · 1983
- In re Penn Central Transportation Co.Court of Appeals for the Third Circuit · 1973
- Robinson v. First National City BankDistrict Court, S.D. New York · 1979
7 more not listed; retrieve them via the Exa API.