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IN RE LEHIGH VALLEY RAILROAD COMPANY

No. 70-432.

384 F.Supp. 58 (1974)

In the Matter of LEHIGH VALLEY RAILROAD COMPANY, Debtor. In re REHABILITATION OF OWEGO-MORAVIA AND CORTLAND BRANCH LINES.

United States District Court, E. D. Pennsylvania.

November 19, 1974.

Attorney(s) appearing for the Case

Duane, Morris & Heckscher, by Robert L. Pratter, Philadelphia, Pa., for the trustee, Lehigh Valley Railroad Co.

Ballard, Spahr, Andrews & Ingersoll by Richard L. Sherman, Philadelphia, Pa., and Bruce Wasserstein, New York City, for the indenture trustees.

John C. McTiernan, Albany, N. Y., for the New York State Dept. of Transp.

James F. Dausch, Dept. of Justice, for the United States.

MEMORANDUM AND ORDER NO. 288

FULLAM, District Judge.

The Trustee of the Debtor has filed a petition (Document No. 1297) seeking approval of an arrangement pursuant to which the State of New York, through its Department of Transportation (NYDOT) will bear the full cost (not to exceed $850,000) of upgrading two of the Debtor's branch lines so that they may be restored to service. The two lines are: a 49.1-mile segment between Owego and Moravia, New York, and...

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