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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