1. Home
  2. Browse Decisions
  3. F.Supp.
  4. 356 F.Supp.
  5. 356 F.Supp. 285 (1973)
 

IN RE PENN CENTRAL TRANSPORTATION COMPANY

No. 70-347.

356 F.Supp. 285 (1973)

In the Matter of PENN CENTRAL TRANSPORTATION COMPANY, Debtor. In re ORDER 1166—PROPOSED SALE OF the BARCLAY HOTEL.

United States District Court, E. D. Pennsylvania.

March 27, 1973.

Attorney(s) appearing for the Case

Blank, Rome, Klaus & Comisky by Marvin Comisky, and Goncer Krestal, Philadelphia, Pa., for Trustees, PCTC.

Sullivan & Worcester by Morris Raker, and Charles W. Morse, Jr., Boston, Mass., and Gratz, Tate, Spiegel, Evin & Ruthrauff by Wilbur Bourne Ruthrauff, Philadelphia, Pa., for Richard Joyce Smith, trustee, New York, New Haven & Hartford RR Co.

Davis, Polk & Wardwell by Douglas Galin, New York City, for Morgan Guaranty Trust Co., as indenture trustee.

White & Case, New York City, for Bankers Trust Co., as indenture trustee.

Morris Wirth, New York City, and Leon Forman, Philadelphia, Pa., for Harry Helmsley.

Fox, Rothschild, O'Brien & Frankel by Nochem S. Winnet, Philadelphia, Pa., for First Natl. City Bank of N. Y.

David Berger, P. A. by Leonard Barrack, Philadelphia, Pa., for Penn Central Co.

Olwine, Connelly, Chase, O'Donnell & Weyher by Leonard J. Connolly, New York City, for Western International Hotels Co.

MEMORANDUM AND ORDER NO. 1166

FULLAM, District Judge.

The Trustees have petitioned (Document No. 4351) for approval of a proposed sale of the Barclay Hotel to Western International Hotels Company for $21,800,000, net of brokerage commissions. At the hearing on this petition, there was conflicting evidence as to the fair market value of the property. The Trustees' appraisers, Jackson-Cross Company, appraised the property at $22 million. James Felt & Company...

Let's get started

Leagle.com

Welcome to the leading source of independent legal reporting
Sign on now to see your case.
Or view more than 10 million decisions and orders.

  • Updated daily.
  • Uncompromising quality.
  • Complete, Accurate, Current.

Listed below are the cases that are cited in this Featured Case. Click the citation to see the full text of the cited case. Citations are also linked in the body of the Featured Case.

Cited Cases

  • No Cases Found

Listed below are those cases in which this Featured Case is cited. Click on the case name to see the full text of the citing case.

Citing Cases