• ST/B&M in receivership?

  • Guilford Rail System changed its name to Pan Am Railways in 2006. Discussion relating to the current operations of the Boston & Maine, the Maine Central, and the Springfield Terminal railroads (as well as the Delaware & Hudson while it was under Guilford control until 1988). Official site can be found here: PANAMRAILWAYS.COM.
Guilford Rail System changed its name to Pan Am Railways in 2006. Discussion relating to the current operations of the Boston & Maine, the Maine Central, and the Springfield Terminal railroads (as well as the Delaware & Hudson while it was under Guilford control until 1988). Official site can be found here: PANAMRAILWAYS.COM.

Moderator: MEC407

  by cpf354
 
Read that Greenbrier settled with ST on Sept. 25, without a receiver, just before going into US District Court. ST agreed to a judgment against them. They will pay Greenbrier all sums due since the first judgement against them to July 31st, with all interest and costs. Greenbrier was issued a writ of attachment against Pan Am properties totalling just over $1 million. (US District Court website 08-cv-10362).
  by Otto Vondrak
 
cpf354 wrote:Read that Greenbrier settled with ST on Sept. 25, without a receiver, just before going into US District Court. ST agreed to a judgment against them.
Darn!! :-D