Derailed by Bankruptcy: Life After the Reading Railroad (Railroads Past and Present) (Hardcover)

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Derailed by Bankruptcy: Life After the Reading Railroad (Railroads Past and Present) (Hardcover)

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What happened when the US government stopped investing in railroads and started investing in highways and air travel? By the late 1970s, six major eastern railroads had declared bankruptcy. Although he didn't like trains, Howard H. Lewis became the primary lawyer for the Reading Railroad during its legendary bankruptcy case. Here, Lewis provides a frank account of the high-intensity litigation and courtroom battles over the US government's proposal to form Conrail out of the six bankrupt railroads, which meant taking the Reading's property, leaving the railroad to prove its worth. After five grueling years, the case was ultimately settled for $186 million--three times the original offer from the US government--and Lewis became known as a champion defender of both the railroad industry and its assets.

Howard H. Lewis, a graduate of Harvard Law School, has practiced law for over 50 years.John C. Spychalski is Professor Emeritus of Supply Chain Management, Pennsylvania State University.
Product Details ISBN: 9780253018663
ISBN-10: 0253018668
Publisher: Indiana University Press
Publication Date: January 4th, 2016
Pages: 160
Language: English
Series: Railroads Past and Present