IN RE LEHIGH VALLEY RAILROAD COMPANY

No. 70-432.

382 F.Supp. 842 (1974)

In the Matter of LEHIGH VALLEY RAILROAD COMPANY, Debtor. In re In Proceedings for the REORGANIZATION OF A RAILROAD.

United States District Court, E. D. Pennsylvania.

May 2, 1974.


Attorney(s) appearing for the Case

Duane, Morris & Heckscher by William R. Traub, and Robert L. Pratter, Philadelphia, Pa., for the trustees, Lehigh Valley Railroad Co., debtor.

Richard R. Bongartz, Philadelphia, Pa., for the trustees, Penn Cent. Trans. Co.

Michael I. Haley, office of chief counsel, Federal Railroad Transportation, for the U. S. Dept. of Trans., Washington, D. C.

Wilmer, Cutler & Pickering by Barry E. Carter, Washington, D. C., for U. S. Railway Ass'n.

Sullivan & Worcester by David M. Schwartz, Washington, D. C., for Lehigh Coal & Navigation Co.

Shearman & Sterling by John E. Hoffman, Jr., and Matthew C. Gruskin, New York City, for First National City Bank of New York, as indenture trustee.

Stern, Maxmin & Stern by I. Jerome Stern, Philadelphia, Pa., for A. C. Speyer, Jr., bondholder, Lehigh Valley Harbor Terminal.

Morgan, Lewis & Bockius, by Edward B. Cloues, II, Philadelphia, Pa., for The Fidelity Bank and Manufacturers Hanover Trust Co.

Strong, Barnett, Hayes & Quinn by William P. Quinn, Philadelphia, Pa., for Delaware & Hudson Railway Co.

T. P. Shearer, Pittsburgh, Pa., for United Trans. Union.

Gordon P. MacDougall, Washington, D. C., for the Commonwealth of Pennsylvania.

Leroy D. Touchton, Trenton, N. J., for the State of New Jersey.

Ballard, Spahr, Andrews & Ingersoll by Oliver Caldwell Biddle, Philadelphia, Pa., for indenture trustees.

Alfred N. Lowenstein, Harrisburg, Pa., for Pennsylvania Public Utility Commission.

Mulholland, Hickey & Lyman by Geoffrey N. Zeh, Washington, D. C., for Railway Labor Executives' Ass'n.


MEMORANDUM AND ORDER NO. 245, and FINDINGS PURSUANT TO THE FIRST SENTENCE OF § 207(b) of the Regional Rail Reorganization Act of 1973

FULLAM, District Judge.

Section 207(b) of the Regional Rail Reorganization Act of 1973 (hereinafter the "Act"), provides:

"Within 120 days after the date of enactment of this Act each United States district court or other court having jurisdiction over a railroad in reorganization shall decide whether the railroad...

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