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IN RE HUDSON & MANHATTAN RAILROAD COMPANY

No. 90460.

332 F.Supp. 718 (1971)

In the Matter of HUDSON & MANHATTAN RAILROAD COMPANY, Debtor.

United States District Court, S. D. New York.

July 8, 1971.

Attorney(s) appearing for the Case

Frederick R. Medero, for Securities and Exchange Commission.

Proskauer, Rose, Goetz & Mendelsohn, New York City, for Reorganized Co.; Jacob Imberman and Steven Stein, New York City, of counsel.

Seward & Kissel, New York City, for Franklyn B. Boutelle, Member of Board of Directors of Hudson & Manhattan; Eugene P. Souther, New York City, of counsel.

RYAN, District Judge.

The debtor, Hudson & Manhattan Corporation (H&M), has petitioned for an Order authorizing and directing it to pay an initial liquidating dividend to its shareholders of approximately $40,998,923.71. I have concluded that the entry of such an order is required by the terms of the plan of reorganization and is a step in the consummation of its provisions.

An involuntary petition for reorganization of Hudson & Manhattan Railroad...

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