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IN RE READING COMPANY

Bky. 71-828.

378 F.Supp. 474 (1974)

In the Matter of READING COMPANY, Debtor. In Proceedings for the Reorganization of a Railroad

United States District Court, E. D. Pennsylvania.

May 2, 1974.

Attorney(s) appearing for the Case

Howard H. Lewis, Philadelphia, Pa., for plaintiff.

James F. Dausch, U. S. Dept. of Justice, Washington, D. C., for U. S.

Gordon P. MacDougall, Washington, D. C., for Commonwealth of Pa.

David L. Grove, Philadelphia, Pa., for John W. Sullivan, John D. Mabie and Thomas A. Reynolds, Shareholders.

G. Clark Cummings, New York City, for Manufacturers Hanover Trust Co.

Leroy D. Touchton, Deputy Atty. Gen., Trenton, N. J., for State of New Jersey, for intervenors.

MEMORANDUM AND ORDER NO. 607, and DECISION REQUIRED BY THE FIRST SENTENCE OF § 207(b) OF THE REGIONAL RAIL REORGANIZATION ACT OF 1973.

DITTER, District Judge.

The Reading Company is a railroad that has been in reorganization under Section 77 of the Bankruptcy Act since November 23, 1971. It is one of several northeast railroads that are in grave financial difficulty. In order to ameliorate this situation and to provide essential rail service, Congress...

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