In the Matter of LEHIGH VALLEY RAILROAD COMPANY, Debtor.
United States District Court, E. D. Pennsylvania.https://leagle.com/images/logo.png
November 17, 1977.
November 17, 1977.
Attorney(s) appearing for the Case
Duane, Morris & Heckscher by William R. Traub, Philadelphia, Pa., for the trustee, Lehigh Valley R. Co.
Ballard, Spahr, Andrews & Ingersoll by James D. Coleman, Philadelphia, Pa., for Girard Trust Bank, Fidelity Bank, and Chemical Bank.
Fox, Rothschild, O'Brien & Frankel by Nochem S. Winnet, Philadelphia, Pa., Shearman & Sterling by Matthew Gruskin, New York City, for First Nat. City Bank of New York.
Kelley, Drye, Warren, Clark, Carr & Ellis by Edward Roberts, III, New York City, for Manufacturers Hanover Trust Co. as mortgage trustee, Lehigh Valley Terminal R. Co.
Pelino, Wasserstrom, Chucas & Monteverde by Michael A. Bloom, Philadelphia, Pa., for Pennsylvania Co. and Harold Scattergood, Sr., Harold Scattergood, Jr., and Jane Scattergood, petitioners for leave to intervene specially.
United States District Court, E. D. Pennsylvania.
MEMORANDUM
FULLAM, District Judge.
On March 26, 1976, five days before the date on which most of the Debtor's railroad was conveyed to ConRail, as required by the Regional Rail Reorganization Act of 1973 (hereinafter "RRRA"), Citibank, as Indenture Trustee of the Lehigh Valley Harbor Terminal Railway Company First Mortgage Indenture filed a petition seeking sequestration of the rental income from the Claremont...
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