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IN RE PENN CENTRAL TRANSPORTATION COMPANY

No. 70-347-A.

372 F.Supp. 981 (1974)

In the Matter of PENN CENTRAL TRANSPORTATION COMPANY, Debtor. In re UNITED NEW JERSEY RAILROAD AND CANAL COMPANY, Secondary Debtor.

United States District Court, E. D. of Pennsylvania.

March 11, 1974.

Attorney(s) appearing for the Case

James E. Howard, John F. DePodesta, and Carl Helmetag, Jr., Philadelphia, Pa., for the Trustees, PCTC.

Covington & Burling, by W. Crosby Roper, Jr., Washington, D. C., for United New Jersey RR & Canal Co.

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

John P. Sheridan, Jr., Deputy Atty. Gen., for State of New Jersey.

Elkind, Lampson & Sable, by Arnold B. Elkind, New York City, for Walter Schloss Associates.

Morgan, Lewis & Bockius, by John N. Schaeffer, Jr., Peter L. Koury, and R. Bruce Whitney, Philadelphia, Pa., for the Fidelity Bank.

MEMORANDUM AND ORDER NO. 11

FULLAM, District Judge.

The State of New Jersey and certain minority shareholders of United New Jersey Railroad and Canal Company (UNJ) seek dismissal of the UNJ's petition for reorganization, or transfer of the case to another district.

UNJ is a New Jersey corporation which owns various lines of railroad in the State of New Jersey, including most of the New Jersey portion of the Penn Central main line between Washington...

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