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CIARLANTE v. CSX CORP.

Civ. A. No. 84-1135.

629 F.Supp. 534 (1986)

Vincent J. CIARLANTE, Plaintiff, v. CSX CORPORATION, the Chesapeake & Ohio Railway Company and the Baltimore & Ohio Railroad Company, Defendants.

United States District Court, W.D. Pennsylvania.

February 27, 1986.

Attorney(s) appearing for the Case

Robert B. Block, New York City, Leonard Mendelson, Pittsburgh, Pa., for plaintiff.

Richard T. Wentley, Reed Smith Shaw & McClay, Pittsburgh, Pa., for defendants.

OPINION

GERALD J. WEBER, District Judge.

A. HISTORY OF RELATED ACTIONS

On December 13, 1977, the Baltimore & Ohio Railroad Company (B & O) transferred virtually all of its non-rail assets to a wholly-owned company, Mid Allegheny Corporation (MAC). On that same date, without notice to B & O debenture holders, B & O declared a dividend-in-kind of MAC stock on B & O's common stock. In the first of the related actions which arose...

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