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What happened when the U.S. government stopped investing in railways and began investing in highways and air travel? By the end of the 1970s, the six major eastern railways declared bankruptcy. Although he did not like the train, Howard H. Lewis became the main lawyer who read the railway in his legendary bankruptcy case. Here, Lewisstein narrates the battle between high-intensity litigation and the courtroom. This is a proposal made by the U.S. government to form Conrail from the six bankruptcy railways. This means taking Reading's property and leaving the railway to prove its value. After five years of hard times, the case was eventually settled at $186 million - three times the initial U.S. government offer - and Lewis became the champion defender of the railway industry and its assets.
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Orignal From: Bankruptcy derailment: Life after reading the railway (railway past and present)
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