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1st Circ. Upholds $2.7M Payment From Bankrupt Railroad

By Chris Villani (April 19, 2018, 4:26 PM EDT) -- Despite not being sold on their reasoning, the First Circuit on Wednesday upheld two lower court rulings that found the Federal Railroad Administration had properly distributed $2.7 million from a bankrupt freight railroad to an Ohio-based railway company that had furnished the troubled carrier a line of credit....

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