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IN RE PENN CENTRAL TRANSPORTATION COMPANY

No. 70-347.

385 F.Supp. 612 (1974)

In the Matter of PENN CENTRAL TRANSPORTATION COMPANY, Debtor. In re UNITED NEW JERSEY RAILROAD & CANAL COMPANY, Secondary Debtor. Petition of PROLERIZED SCHIABONEU COMPANY to Reclaim Property and For Other Relief.

United States District Court, E. D. Pennsylvania.

October 25, 1974.

Attorney(s) appearing for the Case

Eugene E. Anderson, Jr., Philadelphia, Pa., for Trustees, Penn Cent. Transp. Co.

Merritt T. Viscardi, Apruzzese & McDermott, Springfield, N. J., for Prolerized Schiabo-Neu Co.

Mitchell L. Bach, Ewing & Cohen, Philadelphia, Pa., for United New Jersey RR & Canal Co.

MEMORANDUM AND ORDERS Nos. 1702 and 42

FULLAM, District Judge.

Petitioner, Prolerized Schiabo-Neu Company ("Prolerized"), seeks to recover $8,500 deposited with the railroads in connection with its agreement to purchase 6.44 acres of land, located in Greenville Yard, New Jersey. The land to be sold under the agreement was, and still is, owned by the Secondary Debtor and leased to the Debtor for a term of 999 years from July 1, 1871. Because Penn Central...

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