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IN RE PENN CENTRAL TRANSPORTATION COMPANY

No. 70-347.

328 F.Supp. 1273 (1971)

In the Matter of PENN CENTRAL TRANSPORTATION COMPANY, Debtor (Order No. 261). In re INTERVENTION by SHAREHOLDERS of PENN CENTRAL COMPANY.

United States District Court, E. D. Pennsylvania.

May 17, 1971.

Attorney(s) appearing for the Case

Marvin Comisky, Blank, Rome, Klaus & Comisky, Philadelphia, Pa., for Trustees, Penn Central Transportation Co.

Harold Cramer, Mesirov, Gelman, Jaffe & Levin, Philadelphia, Pa., for Samuel Feldgoise.

David Berger, Philadelphia, Pa., for Richard Robinson and others.

Nathan Lavine, Adelman & Lavine, Philadelphia, Pa., for Security Insurance Co. of Hartford.

Matthew J. Broderick, Dechert, Price & Rhoads, Philadelphia, Pa., for Penn Central Co.

Richardson Blair, Ballard, Spahr, Andrews & Ingersoll, Philadelphia, Pa., for Girard Trust Bank and Morgan Guaranty Trust Co.

John N. Schaeffer, Jr., Morgan, Lewis & Bockius, Philadelphia, Pa., for Fidelity Bank.

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 of 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...

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