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IN RE PENN CENTRAL TRANSPORTATION COMPANY

No. 70-347.

347 F.Supp. 1351 (1972)

In the Matter of PENN CENTRAL TRANSPORTATION CO., Debtor. In re Proposed Settlement with 32ND STREET BUILDING CORP.

United States District Court, E. D. Pennsylvania.

June 16, 1972.

Attorney(s) appearing for the Case

John E. Wallace, Jr., Philadelphia, Pa., for Trustees, Penn Central Trans. Co.

Ballard, Spahr, Andrews & Ingersoll by Richardson Blair, Philadelphia, Pa., for Girard Trust Bank and Institutional Investors, Penn Central Group.

Howard H. Harris, Obermayer, Rebmann, Maxwell & Hippel, Philadelphia, Pa., for 32nd Street Bldg. Corp.

OPINION AND ORDERS NOS. 785 and 786

[Re: Proposed Settlement with 32nd Street Building Corporation

FULLAM, District Judge.

The Trustees of the Debtor have petitioned for approval of a settlement agreement with the 32nd Street Building Corporation ("lessor") from whom the Debtor leases the first through ninth floors and part of the basement of the Food Fair Building at 15 N. 32nd Street in Philadelphia.

In 1961, the Debtor's predecessor...

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