Matter of Penn Cent. Transp. Co.

Full title: IN THE MATTER OF PENN CENTRAL TRANSPORTATION COMPANY, DEBTOR. APPEAL OF…

Court: United States Court of Appeals, Third Circuit

Date published: Jan 11, 1979

596 F.2d 1154 (3d Cir. 1979)

Opinion

Nos. 78-1697 and 78-2313.

Argued October 16 and 17, 1978.

Decided January 11, 1979.

Donald M. Wilkinson, Jr., Robert W. Mannix, White Case, New York City, for appellant Bankers Trust Co. as Indenture Trustee.

Charles A. Horsky, W. Crosby Roper, Jr., Brice M. Clagett, Washington, D.C., James E. Howard, John J. Ehlinger, Jr., Philadelphia, Pa., for the Trustees of Penn Central Transp. Co.; Covington Burling, Philip R. Stansbury, Wesley S. Williams, Jr., Wynne M. Teel, Washington, D.C., Carl Helmetag, Jr., Philadelphia, Pa., of counsel.

Louis A. Craco, Willkie Farr Gallagher, George J. Wade, Shearman Sterling, New York City, for Citibank, N.A., as Agent for the Committee of Secured Bank Creditors; Walter H. Brown, Jr., Thomas L. Bryan, Michael B. Targoff, Richard L. Posen, Robert H. MacKinnon, Kenneth M. Kramer, New York City, of counsel.

Morris Raker, Sullivan Worcester, Boston, Mass., for Richard Joyce Smith, Trustee of the Property of the New York, New Haven and Hartford Railroad Co., Debtor; Joseph Auerbach, Boston, Mass., of counsel.

Appeal from the United States District Court for the Eastern District of Pennsylvania (D.C. No. B-70-347 in Bankruptcy).

Before GIBBONS and HIGGINBOTHAM, Circuit Judges.^_

_ Judge Aldisert heard argument in this appeal, which was consolidated with others, but did not participate in its decision.

OPINION OF THE COURT

PER CURIAM.

We deal herein with appeals filed by Bankers Trust Company, indenture trustee under the Consolidation Mortgage of June 20, 1913. For the reasons set forth in the opinions in Nos. 78-1698/1700, 78-1702/03, 78-1710, 78-2311/12, 78-2314/15, and 78-2319/20 3rd Cir., 596 F.2d 1127 filed simultaneously herewith, the orders confirming and consummating the Plan of Reorganization will be affirmed.