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IN RE PENN CENTRAL TRANSPORTATION COMPANY

No. 70-347.

354 F.Supp. 757 (1972)

In the Matter of PENN CENTRAL TRANSPORTATION CO., Debtor. In re Petition of Harriet SIGNER.

United States District Court, E. D. Pennsylvania.

October 26, 1972.

Attorney(s) appearing for the Case

Covington & Burling by W. Crosby Roper, Jr., Washington, D. C., for the trustees, Penn Central Transportation Co.

Davis, Polk & Wardwell by Douglas M. Galin and John R. Leekley, New York City, for Morgan Guaranty Trust Co.

Obermayer, Rebmann, Maxwell & Hippel by Herbert A. Fogel, Philadelphia, Pa., for Harriet Signer.

Fox, Rothschild, O'Brien & Frankel by Nochem S. Winnet, Philadelphia, Pa., for First National City Bank of New York.

Gratz, Tate, Spiegel, Ervin & Ruthrauff by Wilbur Bourne Ruthrauff, Philadelphia, Pa., for Richard Joyce Smith, trustee, New York, New Haven & Hartford Railroad Co.

OPINION AND ORDER NO. 988

FULLAM, District Judge.

Two related petitions by one Harriet Signer, a holder of bonds issued by the Debtor, secured by the R&I mortgage, evidence a certain amount of confusion as to the applicability of the Federal Rules of Civil Procedure to a railroad reorganization proceeding under § 77 of the Bankruptcy Act.

The first petition (Document No. 1975) seeks an order for the sequestration of certain rents, in order...

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