
Derailed by Bankruptcy: Life after the Reading Railroad
Howard H. Lewis
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.
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About Howard H. Lewis
Reviews for Derailed by Bankruptcy: Life after the Reading Railroad
Model Railroad News
The fact that the book was very hard to put down once you got started with it says something about the author's ability to both enlighten his readers as well as tell a good story.
Michigan Railfan