In re Lehigh Valley Railroad

OPINION OF THE COURT APPROVING PLAN OF REORGANIZATION

FULLAM, District Judge.

TABLE OF CONTENTS

I. Introduction

II. History of the Reorganization Proceedings

III. Assets of the Estate

A. Retained Assets

B. The Valuation Case Claim

IV. Summary of the Plan

A. New Securities

1. Administrative Notes

2. Refunding Mortgage Bonds

3. Common Stock

B. Distribution Under the Plan

1. Administrative Claims Payable in Cash

2. Claim of the United States under § 211(h) of the RRRA, and Claims of the States and Local Taxing Authorities

3. Secured Claims

4. The Claims of Penn Central

5. Claims of Unsecured Creditors and Public…