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MATTER OF NEW YORK, S. & W. R. CO.

No. B 76-182.

511 F.Supp. 625 (1981)

In the Matter of the NEW YORK, SUSQUEHANNA AND WESTERN RAILROAD COMPANY.

United States District Court, D. New Jersey.

April 9, 1981.

Attorney(s) appearing for the Case

Ravin, Katchen & Greenberg by Howard S. Greenberg and Jack M. Zackin, Newark, N. J., for trustee.

Crummy, DelDeo, Dolan & Purcell by Michael R. Griffinger and Paul R. De Filippo, Newark, N. J., for the indentured trustees Gateway 1.

Lum, Biunno & Tompkins by Edward R. McMahon and William J. McGee, Newark, N. J., for debtor.

James R. Zazzali, Atty. Gen., State of New Jersey by Joseph L. Yannotti, Deputy Atty. Gen., Trenton, N. J., Highsaw, Mahoney & Friedman by John O'B. Clarke, Jr., Washington, D. C., for the Railway Labor Executives Assoc.

Kelley, Drye & Warren by Robert Chender, New York City, for Manufacturers Hanover.

Fell, Spalding, Goff & Rubin by William P. Quinn, Philadelphia, Pa., for Delaware Otsego Corp.

WHIPPLE, Senior District Judge.

This matter is before the Court for a ruling on approval of the First and Second Amended Plans of Liquidation ("the Plan") submitted by the Trustee of the New York, Susquehanna and Western Railroad Co. The Plan was certified to this Court by the Interstate Commerce Commission (ICC) on December 27, 1980.

On March 24, 1981 the Court conducted a hearing on whether to approve the Plan...

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