In re Boston & Maine Corp.

MEMORANDUM

FRANK J. MURRAY, Senior District Judge.

The Managers of the Segregated Account (the “Managers”)1 have presented their Application seeking approval of a compromise agreement made with the reorganization trustees of the Penn Central Transportation Company (the “Penn Central”). The subject matter of the compromise agreement includes (a) the claim made by the reorganization trustees of Penn Central against the reorganization trustees of the Boston and Maine Corporation (the “B & M”), and (b) the counterclaim made by the reorganization trustees of B & M against Penn Central.

The respective…