Legal Opinion

In re Penn Central Transportation Co.

District Court, E.D. Pennsylvania

Decided May 17, 1971No. 70-347PublishedCited by 11 opinions

1Opinion of the Court

MEMORANDUM

FULLAM, District Judge.

Certain shareholders of the Penn Central Company have renewed their requests that they be permitted to intervene generally in this proceeding for the reorganization of its wholly-owned subsidiary, Penn Central Transportation Company, under § 77 cf the Bankruptcy Act. All of the stock of the Debtor in reorganization is owned by the parent company. There are approximately 24 million shares of stock of the parent company outstanding, held by some 150,000 shareholders..The petitioner, Samuel Feldgoise, owns 4,910 shares of the parent company stock. The…

2Cases cited1 opinion

  1. Cassie S. Pennington v. Missouri Pacific Railroad Company, Debtor, and the Debtor's TrusteeCourt of Appeals for the Eighth Circuit · 1956

3Cited by11 opinions

  1. SECURITIES AND EXCHANGE COMMISSION v. ABERDEEN SECURITIES CO., INC., Et Al. Appeal of Sherwin SELIGSOHN Et Al.Court of Appeals for the Third Circuit · 1973
  2. In Re River Bend-Oxford AssociatesUnited States Bankruptcy Court, D. Maryland · 1990
  3. In Re Grocerland Cooperative, Inc.United States Bankruptcy Court, N.D. Illinois · 1983
  4. Robinson v. First National City BankDistrict Court, S.D. New York · 1979
  5. In the Matter of Penn Central Transportation Company, Debtor. Appeal of Richard S. RobinsonCourt of Appeals for the Third Circuit · 1972

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